(Reuters) - Tata Power Co Ltd’s (TTPW.NS) first-quarter profit more than doubled, helped by higher income from its core power generation business.
Profit came in at 1.64 billion rupees ($25.6 million) in the quarter ended June 30, compared with a profit of 724.9 million rupees a year earlier, the company said on Monday. (bit.ly/2wIinz8)
Income from its power business grew about 6 percent to 10.01 billion rupees for the quarter.
Shares of the company were trading 5.5 percent higher after the results.
($1 = 64.0500 Indian rupees)
Reporting by Krishna V Kurup and Arnab Paul; Editing by Amrutha Gayathri