Tata Power's share price looses inertia owing to weak Q1FY17

Tata Power Company has declared its Q1FY17 results on August 23. The company’s revenue has decreased by 4.81 per cent to Rs 6838 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA has reduced by 11.29 per cent to Rs 1636 crore in Q1FY17 on a yearly basis. Tata Power’s EBITDA has contracted by 175 basis points to 23.91 per cent in Q1FY17 as compared to same period in previous fiscal.

The company’s net profit has dropped more than two and half times to Rs 138 crore in Q1FY17 on a yearly basis. Its net profit margin has contracted by 314 basis points to 2.01 per cent in Q1FY17 as compared to same period in previous fiscal.

Tata Power’s share price has decreased by 4.47 per cent on bourses in early trades; and is trading at Rs 74.55 on an intraday basis.

Tata Power's segments include Power, Coal and others. It is engaged in the renewable energy business in India with a clean energy portfolio of over 1630 megawatts. Tata Power has operations in Indonesia, Singapore, South Africa, Zambia, Georgia and Australia. It holds a total generation capacity of approximately 9213 megawatts in India.