AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
(From Business Line)
Mumbai, May 30 - PROCEEDS from the sale of investments have enabled Tata Power to report a multi-fold increase in net profit for the fourth quarter ended March 2005, despite a decrease in revenues during the period.
Net profit amounted to Rs 170.55 crore, up from Rs 54.35 crore reported for the corresponding previous period.
However, operating profit was lower at Rs 157 crore (Rs 286 crore).
Revenue from power supply fell to Rs 861 crore (Rs 935 crore), while total income was down at Rs 962 crore (Rs 1,039 crore).
A one-time income of Rs 181 crore as profit from sale of investment in Tata Petrodyne Ltd shored …