Tata Power Company reported a marginal rise in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 0.18% to Rs 1,905.50 million from Rs 1,902 million in the same quarter, last year.

The company reported earnings of Rs 7.36 a share during the quarter, registering 23.33% decline over prior year period.

Net sales for the quarter rose 34.05% to Rs 20,261.30 million, while total income for the quarter rose 31.30% to Rs 20,744.40 million, when compared with the prior year period.

Quarterly Results - Standalone (Rs in mn)
As at	Jun - 08	Jun - 07	%Change
Net Sales	20,261.30	15,114.80	34.05
Net Profit	1,905.50	1,902.00	0.18
Basic EPS	7.36	9.60	(23.33)

Shares of the company declined Rs 0.3, or 0.03%, to trade at Rs 1,049. The total volume of shares traded was 206,818 at the BSE (2.31 p.m., Friday).