Tata Power June-quarter profit more than doubles

Updated: Mon, Aug 14, 2017
02:24 pm
Reuters
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Tata Power Co Ltd`s first-quarter profit more than doubled, helped by higher income from its core power generation business.

Profit came in at 1.64 billion rupees ($25.6 million) in the quarter ended June 30, compared with a profit of 724.9 million rupees a year earlier, the company said on Monday. (http://bit.ly/2wIinz8)

Income from its power business grew about 6 percent to 10.01 billion rupees for the quarter.

Shares of the company were trading 5.5 percent higher after the results.

($1 = 64.0500 Indian rupees)

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