Renewables Help Tata Power Increase Its Consolidated Profit After Tax by 85% in Q2 FY19
The company reported 13 percent rise in revenue for H1 FY19
October 30, 2018
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Tata Power’s Q2 FY19 consolidated profit after tax (PAT) was up 85 percent at ₹3.93 billion (~$53.53 million) as compared to ₹2.13 billion (~$29.01 million) in the previous year. Standalone PAT stood at the previous quarter due to higher renewables, lower finance cost, lower taxes and a favorable Regulatory order impact, according to the company.