Tata Power Q3 profit seen down 22%

 

New Delhi, Feb 14: Tata Power Company’s third quarter consolidated profit is expected to fall 22 percent to Rs 466 crore compared to Rs 599 crore in year-ago quarter.
Revenue from operations may grow 11 percent to Rs 7,445 crore compared to Rs 6,684 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.
Operating profit is likely to increase 15 percent year-on-year to Rs 1,611 crore and margin may expand 70 basis points to 21.6 percent in Q3.