Tata Power Q2 FY17 PAT at Rs 336 crore

India Infoline News Service | Mumbai | November 30, 2016 08:43 IST

The company has posted a net profit after tax, minority interest and share of profit of associates and joint ventures of Rs 336 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 96 crore for the quarter ended September 30, 2015.

Tata Power Company Ltd has announced the following results for the quarter ended September 30, 2016:

The company has posted a net profit after tax, minority interest and share of profit of associates and joint ventures of Rs 336 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 96 crore for the quarter ended September 30, 2015. Total Income has decreased from Rs 7,577.5 crore for the quarter ended September 30, 2015 to Rs 7,311.8 crore for the quarter ended September 30, 2016.

On a standalone basis, the company has posted a net profit of Rs. 447 crore for the quarter ended September 30, 2016 as compared to Rs 356 crore for the quarter ended September 30, 2015. Total Income has decreased from Rs 2,525.5 crore for the quarter ended September 30, 2015 to Rs 2,200 crore for the quarter ended September 30, 2016.

Stock Commentary:

Tata Power Company Ltd ended at Rs 72.2, down by Rs 0.55 or 0.76% from its previous closing of Rs 72.75 on the BSE.

The scrip opened at Rs 73.75 and touched a high and low of Rs 73.75 and Rs 72 respectively. A total of 5023578(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 19527.42 crore.

The BSE group 'A' stock of face value Rs 1 touched a 52 week high of Rs 84.45 on 24-Oct-2016 and a 52 week low of Rs 55 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 73.75 and Rs 68.6 respectively.

The promoters holding in the company stood at 33.02 % while Institutions and Non-Institutions held 50.71 % and 16.26 % respectively.

The stock traded below its 50 DMA.

***Note: This is a NSE Chart

 

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