The company's consolidated net profit was down 78 percent at Rs 126.7 crore against Rs 591 crore in a year ago period.
Shares of Tata Power Company slipped 3.3 percent intraday Tuesday after company posted weak numbers for the quarter ended December 2018.
The company's consolidated net profit was down 78 percent at Rs 126.7 crore against Rs 591 crore in a year ago period.
Revenue of the company was up 21 percent at Rs 7,706 crore versus Rs 6,360.2 crore.
Operating profit or EBITDA rose 34.8 percent at Rs 1,601 crore, while margin was at 20.8 percent.
According to Citi, the company's Q3 net loss is primarily on weak coal business and widening losses for Mundra. It maintained neutral rating on the stock with a target at Rs 77 per share.
At 10:10 hrs Tata Power Company was quoting at Rs 69.90, down Rs 0.90, or 1.27 percent on the BSE.
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