Feb 11 (Reuters) - India's Tata Power Company 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
Earthquake Strikes Nepal
Nepal urged countries to send aid to help it cope with the aftermath of a devastating earthquake that killed nearly 1,400 people, a toll predicted to rise as rescuers used their hands to dig for survivors among the rubble on Sunday. Full Article | Slideshow - Nepal earthquake