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Docomo impact: Tata Power posts Rs 247 cr loss in March quarter

Firm had a Rs 83 cr profit in year-ago quarter; total income down 1% at Rs 7,393 cr

Amritha Pillay  |  Mumbai 

Private power producer Tata Power reported a consolidated net loss of Rs 246.90 crore for the March quarter against a profit of Rs 82.95 crore reported in the same period a year back largely due to a one-time impact related to regulatory obligations over Tata Docomo. "The Company's profit after tax for the quarter was up at Rs 389 crore before Docomo impact of Rs 651 crore as against Rs 22 crore reported in the corresponding quarter last year mainly due to coal companies and renewables business," the company said in a statement to BSE. For the January-March 2017 ...

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First Published: Sat, May 20 2017. 01:53 IST
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