Tata Power FY'11 net profit crosses Rs970 crore

Tata Power, India's largest integrated private power utility today announced a profit after tax (PAT) of Rs941.49 crore up Rs22.36 crore (2 per cent) from Rs938.76 crore in the previous year.

Total revenues, however, were lower at Rs6,599.86 crore against Rs6,893.47 crore in the previous year. The decrease is attributed to a change in the fuel mix leading to a reduction in fuel cost compared to the corresponding period last year.

Last year's revenues also included Rs252 crore from an ATE order as one time item.

The company has recommended a dividend payout of Rs12.50 per share against Rs12 per share in the previous year.

The company generated 15,325 million units (MUs) of power from all its power plants. Trombay Thermal Power Station and Hydro Power Stations generated 9,530 MUs and 1,310 MUs of power respectively. The Belgaum power plant generated 300 MUs, Jojobera Thermal Power Station recorded a generation of 3,078 MUs and the Haldia unit reported generation of 760 MUs. Power House 6 reported a generation of 738 MUs, the highest so far, while wind farms generated 347 MUs.

On the consolidated basis, Tata Power's revenues stood at Rs19,348.21 crore against Rs18,854.76 crore last year. The company's net profit after tax (PAT) before statutory appropriations was up Rs92.76 crore (5 per cent) at Rs2,059.60 crore against Rs1,966.84 crore last year.