Tata Power Company Ltd posted a net loss in its fiscal second quarter ended September 30, even as increased costs at its coal units, and higher finance and depreciation costs affected its bottomline.
The company posted a consolidated net loss of Rs 84 crore compared with a consolidated net loss of Rs 1,190 crore a year earlier.
However, the total income rose 37.4% to Rs 7,768 crore as against Rs 5,653 crore in September 2011
Tata Power said the bottomline in the quarter ended September was impacted by impairment charges of Rs 250 crore due to change in the long-term foreign currency outlook at one of its units.
The company's stocks were trading 0.9% at the time of BSE closing at Rs 106 apiece.