According to the company, it had to make a one-time provision of Rs 651 crore pursuant to "DOCOMO arbitration award".
After the provision, the company's consolidated net loss during the quarter under review stood at Rs 246.90 crore from a profit of Rs 82.95 crore in the corresponding period of 2015-16.
The company said its FY17Q4 consolidated PAT stood at Rs 389 crore (before share buyback impact from DOCOMO of Rs 651 crore) as against Rs 22 crore during FY16Q4.
Tata Power's consolidated total income during the quarter under review marginally declined to Rs 7,392.95 crore from Rs 7,434.10 crore earned during Q4 of FY16.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.