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    Q2 preview: Tata Power may report 41% jump in net profit, 22% slide in sales

    Synopsis

    The integrated power producer had reported a net profit of Rs 247 crore for the corresponding quarter last year. The company is scheduled to announce its quarterly results later in the day.

    Power-grid-BCCL
    Revenues are seen dropping 22.4 per cent year-on-year to Rs 7,400 crore for the quarter, compared with Rs 9,541 crore in the year-ago quarter, an estimate by analysts polled by ET Now suggested.
    NEW DELHI: Tata Power is likely to report a 41 per cent year-on-year jump in consolidated adjusted net profit at Rs 350 crore for the quarter ended September 30.

    The integrated power producer had reported a net profit of Rs 247 crore for the corresponding quarter last year. The company is scheduled to announce its quarterly results later in the day.

    Revenues are seen dropping 22.4 per cent year-on-year to Rs 7,400 crore for the quarter, compared with Rs 9,541 crore in the year-ago quarter, an estimate by analysts polled by ET Now suggested.

    The company is expected to report an earnings before interest tax, depreciation and amortisation (EBITDA) seen at Rs 1,710 crore, down 30.50 per cent YoY from Rs 2,461 crore in the same quarter last year, thanks to lower coal mining revenues.

    Margins are seen contracting to 23.1 per cent in the September quarter from 25.8 per cent in the year-ago quarter. Higher plant availability factor at Mundra Ultra Mega Power Projects (UMPP) is likely to aid margins. Meanwhile, the standalone performance is likely to be aided by lower fuel cost.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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