Tata Power shares in focus after dividend

Tata Power shares in focus after dividend, Q4 results; stock up 76% in six months Shares of Integrated power company Tata Power Ltd will be in focus on Thursday morning after the Tata group firm reported 11 per cent year-on-year (YoY) jump in profit after tax (PAT) at Rs 1,046 crore for the March quarter compared with Rs 939 crore in the same quarter last year. This was the 18th consecutive quarter of profit growth for the Tata firm. The stock will also be in news after the power company declared a dividend of Rs 2 per share, subject to shareholders' approval.Tata Power said its revenue for the quarter grew 27 per cent YoY to Rs 16,256 crore from 12,755 crore in the same quarter last year. The operational and financial performances of all core businesses – Generation, T&D and Renewables - were strong and on a growth path, said CEO and MD Praveen Sinha. [Read more](3D/0/2) If you would prefer not receiving our emails, please [Click Here](3D)