Wednesday, January 20, 2010

Tata Power Q3 net profit up 40% at Rs 141.89 cr

Tata Group company, Tata Power has announced its third quarter results of FY10. Its net profit jumped 40.37% to Rs 141.89 crore from Rs 101.08 crore, on year-on-year basis (YoY).

However, net sales declined 16.75% to Rs 1,449.80 crore versus Rs 1,741.47 crore (YoY). Numbers were below expectations; CNBC-TV18 was expecting the net profit at Rs 199.8 crore and net sales of Rs 1,666.6 crore.

The company's trailing 12-month (TTM) EPS was at Rs 46.13 per share on the basis of results for the quarter ended September, 2009.

The stock's price-to-earnings (P/E) ratio stands at 31.01 and the book value of the company is Rs 365.08 per share. Price-to-book value of the company was at 3.92. The dividend yield of the company was at 0.8%.
Source: CNBC-TV18
Courtesy moneycontrol.com








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