Tata Power Posts Surprise Third-Quarter Loss

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February 11, 2013 9:42 PM EST

Tata Power Company(TTPW.NS) 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, according to Thomson Reuters I/B/E/S.

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