Friday, 19 May 2017

Tata Power posts surprise Q4 loss on charge- Get Free Stock Tips-

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Tata Power Co Ltd posted a loss in the fourth quarter on Friday compared with a profit a year earlier as it incurred a one-time charge towards contractual obligations.

The company posted a consolidated net loss for the quarter ended March 31 of 2.47 billion rupees ($38.12 million), compared with a profit of 829.5 million rupees a year earlier.

Consolidated exceptional loss towards contractual obligations amounted to 6.51 billion rupees, Tata Power said.

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