Shares of Tata Power on Wednesday gained over 5 per cent as the company posted consolidated net profit of Rs. 159.14 crore for the fourth quarter of 2014-15 fiscal.
On the BSE, the stock gained 5.2 per cent to Rs. 79.80. It was the biggest gainer among the 30-Sensex scrips. Shares of Tata Power went up by 4.94 per cent to Rs. 79.60 on the NSE.
Tata Power on Tuesday posted a consolidated net profit of Rs. 159.14 crore for the January-March quarter of 2014-15 against a loss of Rs. 145.33 crore in the same quarter of previous fiscal.
Total income of the company decreased however to Rs. 8,227.14 crore for the quarter, from Rs. 8,954.87 crore in the year-ago period. It posted a net profit after taxes, minority interest and share of profit of associates of Rs. 167.83 crore for the year ended March 31, 2015, against a loss of Rs. 259.97 crore for the year ended March 31, 2014.
Its total income fell to Rs. 34,783.59 crore for the year ended March 31, 2015, from Rs. 35,311.24 crore for 2013-14, it added.