Tata Power sees three-fold QoQ jump in Q3FY18 consolidated PAT

Tata Power clocked nearly three-fold jump on quarterly basis in its consolidated net profit during third quarter ended December 2017 (Q3FY18) financial performance. 
 
The company posted net profit of Rs 611.52 crore in this quarter, registering a growth of 161.15% from Rs 234.16 crore of the preceding quarter. 
 
However, Q3FY18 net profit gradually declined by 1.25% from Rs 619.23 crore in the corresponding period of the previous year. 
 
Consolidated revenue stood at Rs 6,949.91 crore this quarter , which was up by 5.71% from Rs 6,574.47 crore a year ago same period, but declined by 8.57% as against Rs 7,601.07 crore in the preceding quarter. 
 
For nine months’ period of FY18, Tata Power's consolidated net profit stands at Rs 1,072.84 crore, declining by 5.81% year-on-year (YoY), while revenue amounts to Rs 21,435.99 crore, increasing by 4.62% on yearly basis. 
 
On standalone-front, Tata Power reports net profit of Rs 524.28 crore, growing by 73.24% yoy, while revenue also increased by 20.61% yoy to Rs 1,958.77 crore in Q3FY18.