The country's largest private power producer has reported a disappointing consolidated loss of Rs 628.75 crore for the January-March quarter mainly due to non-cash impairment charge provision of Rs 815 crore for Mundra Ultra Mega Power Project (UMPP).

The company had a consolidated profit after tax of Rs 625.02 crore during the same quarter of the fourth quarter of the previous year. The consolidated revenue of the company rose 44 per cent to Rs 7,234.76 crore during the quarter compared to Rs 4,985.84 crore in the same quarter of the previous year.

As for the whole year, the company posted a net loss of Rs 1,087.68 crore against net profit of Rs 2,059.60 crore in financial year 2011. The second 800 MW unit of the Mundra UMPP is expected to commence operations in March
2012.

The shares of the company fell 5 per cent after the company announced its results during the quarter till March 2012. After opening weaker, the shares of the company continued to fall and lost 4.8 per cent to Rs 86.10 on the Bombay Stock Exchange (BSE). The company's shares fell 4.7 per cent to Rs 86.15 on the National Stock Exchange (NSE).