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
A Turkish Airlines flight from Bangkok made an emergency landing in New Delhi after a written bomb threat was found in a toilet on the Airbus A330 passenger jet carrying 134 passengers, the airline and Indian security sources said. Full Article
Insight - Car dashboards that act like smart phones raise safety issues Full Article