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 Rs 247 crore compared with a profit of Rs 83 crore a year earlier.
Consolidated exceptional loss towards contractual obligations amounted to Rs 651 crore rupees, Tata Power said.
Analysts on average had expected a consolidated profit of Rs 426 crore rupees for the quarter, according to Thomson Reuters data.
The company’s consolidated revenue from its power business fell 12 per cent to Rs 60 crore rupees.
