Tata Power reports loss of Rs 628 Crore in Q4

MUMBAI, May 23: Tata Power Company has posted a consolidated net loss of Rs 628.75 crore for the quarter ended March 31, 2012 as compared to net profit of Rs 625.02 crore for the quarter ended March 31, 2011.
Total consolidated income has increased 39.17 percent from Rs. 5121.06 crore for the quarter ended March 31, 2011 to Rs. 7127.69 crore for the quarter ended March 31, 2012.
On standalone basis, the company has posted a decline of 56.55 percent in net profit of Rs 116.97 crore for the quarter ended March 31, 2012 as compared to Rs 267.71 crore for the quarter ended March 31, 2011, a release said.
Total revenue has increased 34 percent from Rs 1630.22 crore for
the quarter ended March 31, 2011 to Rs. 2184.02 crore for the quarter ended March 31, 2012.
The board of directors of the company has recommended a dividend of Rs 1.25 on a share of Rs 1 each to the shareholders for the year ended Mar 31, 2012.
(UNI)

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