May 30, 2013, 03.37 PM | Source: Moneycontrol.com
Tata Power Company's fourth quarter topline and bottomline numbers were lower than expectations, but operational numbers were better than forecast.
The company took a big impairment hit (non-recurring one-off hit) of Rs 815 crore in Q4FY12 that turned a positive profit before tax of Rs 487 crore into a loss of Rs 629 crore.
Consolidated revenue grew by 25.5 percent year-on-year to Rs 8,997 crore during the quarter.
Topline and bottomline numbers were lower than expectations, but operational numbers were better than forecast. Analysts on an average had expected the company to report a profit at Rs 275 crore on revenues of Rs 9,276 crore.
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 33 percent year-on-year to Rs 1,855 crore and operating profit margin increased 110 basis points to 20.6 percent during March quarter.
Analysts had estimated EBITDA and OPM at Rs 1,700 crore and 18.3 percent, respectively.
Tata Power reported a forex loss at Rs 24.7 crore as against loss of Rs 166 crore year-on-year.
Tata Power Company Ltd has informed BSE that the E
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