Tata Power posts surprise Q3 loss
Reuters: Feb 11 2013, 15:10 IST
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.
Stocks More on Tata Power Company
Company INFO More on Tata Power Company
Previous Story Subbarao warns of record current account deficit Next Story Tata Communications Q3 net loss at Rs 201 cr
Reader's Comments| Post a Comment
Be the first to comment.
