Friday, 10 February 2017
On 2/10/2017 04:05:00 pm by Suhani Varma in Accurate Stock Tips, best intraday tips provider, best stock tips, Equity Tips, Indian stock tips, intraday tips, Premium Equity Tips, Share advisory, Shares Tips, Stock Option, ways2cap Premium Equity Tips No comments
Tata power Company Ltd.'s Q3FY17 consolidated results for the quarter registered a miss versus consensus estimates. Revenue for the quarter came in 21.5 % lower than the estimated figure of Rs. 8510 crore. EBITDA for the quarter came in 13.6 % lower than the estimated figure of Rs. 1625 crore. And lastly, net profit for the quarter came in 44.3 % lower than the estimated figure of Rs. 309.7 crore.
Tata power Company Ltd. consolidated revenue for the quarter came in at Rs. 6684 crore, registering 9.1% yoy decline.
EBITDA for the quarter fell by 27.1% yoy to Rs. 1403 crore with a corresponding margin contraction of 518 bps. EBITDA margin for the quarter stood at 21%. This margin contraction was aided by increase in fuel costs by 14% yoy to Rs.2284 crore.
The PAT for the quarter came in at Rs. 172.6 crore, a five fold increase in this quarter. This was due to sharp decline in effective tax rate to 28% vs 60% in Q3FY16 and increase in other income by 12.4% yoy.
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