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EPC firm Tata Projects recorded a profit after tax of ₹120.57 crore for the quarter ended March 31 on the back of higher revenues. The company had reported a loss of ₹366.42 crore in the year-ago period, according to the company.
These figures are after exceptional and/or extraordinary items. The company's revenue from operations increased to ₹5,412.80 crore during the March quarter, over ₹5,015.21 crore in the year-ago period, the statement mentioned in a statement.
Tata Projects MD & CEO Vinayak Pai said the company's strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results.
"I feel proud to announce that we have returned to profitability, and we are moving forward on our path to deliver predictable and sustainable projects through innovation and technology," he said. Tata Projects is a technology-led engineering, procurement and construction (EPC) company in India.
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