You are here: Home » Reuters » News
Business Standard

Tata Power misses fourth-quarter profit estimates as costs rise


REUTERS - Tata Power Co Ltd on Friday reported a fourth-quarter adjusted profit that missed analysts' estimates, as lower recovery on the cost of fuel at one of its major power plants and higher fuel costs hurt margins.On an adjusted basis, excluding a one-time charge, the company posted an increase in consolidated net profit to 3.89 billion rupees for the quarter ended March 2017.Analysts on average had expected a consolidated profit of 4.26 billion rupees, according to Thomson Reuters data.The charge is related to a write-off of a major part of the company's investments in the equity shares ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, May 19 2017. 17:35 IST