REUTERS - Tata Power Company(TTPW.NS) posted a surprise third-quarter loss, hurt by higher finance and depreciation costs and foreign exchange losses.
The company reported a net loss of 3.29 billion rupees in the quarter that ended in December, compared with a profit of 2.98 billion rupees in the year-ago period.
Analysts on average were expecting the company to report a net profit of 2.7 billion rupees, according to Thomson Reuters I/B/E/S.
(Reporting By Aradhana Aravindan; Editing by Jijo Jacob)
Trending On Reuters
India GDP Data
India's economy grew faster than China's in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity. Read | Graphic