Tata Power's half yearly revenue up by 39.24% at Rs 3985.01 cr

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Kolkata, Oct 27 (UNI) Tata Power Co Ltd today announced its financial results for the quarter ended September 30, 2008, posting profit after tax for the half year at Rs 452.48 crore as against Rs 447.63 crore in the corresponding period last year.

Profit before tax stood at Rs 575.55 crore as against Rs 517.33 crore in the corresponding period last year.

A company release here said Tata Power's revenues stood at Rs 3985.01 crore, an increase of 39.24 per cent, as compared to Rs 2862.04 crore in the same period last year.

The PAT for the quarter stood at Rs 261.93 crore as against Rs 257.43 crore in the corresponding period last year and was not comparable owing to the change in the accounting method that the company undertook this year, the financial report said.

Commenting on the company's performance, Prasad R Menon, Managing Director, Tata Power, said, '' Our half yearly results reiterate continued stability of company's operations thereby enabling strong performance. '' '' We continue our focus on sustainable and renewable energy spanning wind power, hydro and geothermal. Some of our recent associations and growth plans have been focussed around this effort, '' he added.

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