*Tata Power Company*, a leading power producer and transmission company disclosed a phenomenal drop in standalone net profit for the quarter ended December 2008 due to substantial increase in interest costs.
During the quarter, the profit of the company declined 48.76% to Rs 1,010.80 million from Rs 1,972.80 million in the same quarter last year. Net sales for the quarter rose 25.18% to Rs 17,768.70 million, while total income for the quarter rose 24.78% to Rs 18,228.70 million, when compared with the prior year period. The company reported earnings of Rs 4.56 a share during the quarter, registering 50.43% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 17,768.70 14,194 25.18 *Net Profit* 1,010.80 1,972.80 (48.76) *Basic EPS* 4.56 9.20 (50.43) During the quarter, the operating margin of the company declined by 416 basis points to 14.41% compared with the previous year period. Interest cost increased 2.47 times to Rs 951.50 million while depreciation cost rose 14.80% to Rs 808.80 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
