The company had reported a net loss of Rs 83.8 crore in the corresponding period of the previous financial year, when it made a provision of Rs 250 crore, Tata Power said in a filing to the stock exchanges.
Total income increased 14 per cent to Rs 8,764.69 crore due to operations of all units at its Mundra and Maithon plants, the utility said.
The company had made an impairment provision of Rs 250 crore for future cash flows at its Mundra plant due to fuel costs, exchange rate variation and other operating costs. On a standalone basis, the company's net profit fell 11.55 per cent to Rs 261.77 crore, while total income decreased to Rs 2,245.83 crore from Rs 2,716.06 crore a year earlier. Tata Power shares gained 1.09 per cent to Rs 78.70 at the close on the BSE.
Tata Motors’ October global sales down 12 per cent
NEW DELHI: Auto major Tata Motors on Thursday said that its global sales of vehicles declined by 11.70 per cent to 88,881 units in October, compared to the year-ago period. The company had sold 1,00,660 units in the corresponding period of 2012. However, global sales of all passenger vehicles in October stood at 50,814 units, up 3.1 per cent, from 49,264 in October 2012, Tata Motors said.
Total income increased 14 per cent to Rs 8,764.69 crore due to operations of all units at its Mundra and Maithon plants, the utility said.
The company had made an impairment provision of Rs 250 crore for future cash flows at its Mundra plant due to fuel costs, exchange rate variation and other operating costs. On a standalone basis, the company's net profit fell 11.55 per cent to Rs 261.77 crore, while total income decreased to Rs 2,245.83 crore from Rs 2,716.06 crore a year earlier. Tata Power shares gained 1.09 per cent to Rs 78.70 at the close on the BSE.
Tata Motors’ October global sales down 12 per cent
NEW DELHI: Auto major Tata Motors on Thursday said that its global sales of vehicles declined by 11.70 per cent to 88,881 units in October, compared to the year-ago period. The company had sold 1,00,660 units in the corresponding period of 2012. However, global sales of all passenger vehicles in October stood at 50,814 units, up 3.1 per cent, from 49,264 in October 2012, Tata Motors said.