Photo: Priyanka Parashar/MintMumbai: Tata Power Co. Ltd on Monday said consolidated net profit grew 126.4% in the fiscal fourth quarter, beating analysts’ estimates. Consolidated net sales in the quarter rose about 19.1% to Rs.9,333.52 crore from Rs.7,835.11 crore a year ago. Fourteen analysts polled by Bloomberg had expected Tata Power to report a consolidated net profit of Rs.277.1 crore for the quarter while 16 analysts had expected net sales of Rs.9,209.5 crore. Net profit rose to Rs.360.25 crore in the three months ended 31 March from Rs.159.14 crore in the year earlier, helped in part by strong operational performance and lower tax expense. Consolidated net sales in the quarter rises about 19.1% to Rs.9,333.52 crore from Rs.7,835.11 crore a year agoAs of 30 September, the company had a consolidated debt of Rs.

Source: Mint May 23, 2016 11:33 UTC