NTPC posts 25.5% fall in fourth-quarter profit on one-off charge
Net profit was Rs 20.79 billion ($322.31 million) in the quarter ended March 31, compared with Rs 27.93 billion a year earlier, the company said on Monday.
- May 29, 2017,
- Updated May 29, 2017 3:03 PM IST
State-controlled utility NTPC Ltd reported a 25.5 percent fall in quarterly profit after taxes, hurt by higher expenses and a one-off charge on impairment loss on investment.
Net profit was Rs 20.79 billion ($322.31 million) in the quarter ended March 31, compared with Rs 27.93 billion a year earlier, the company said on Monday.
The company said it incurred an impairment loss of Rs 7.83 billion in the fourth quarter.
Analysts on average had expected a quarterly profit of Rs 25.11 billion, according to Thomson Reuters data.
State-controlled utility NTPC Ltd reported a 25.5 percent fall in quarterly profit after taxes, hurt by higher expenses and a one-off charge on impairment loss on investment.
Net profit was Rs 20.79 billion ($322.31 million) in the quarter ended March 31, compared with Rs 27.93 billion a year earlier, the company said on Monday.
The company said it incurred an impairment loss of Rs 7.83 billion in the fourth quarter.
Analysts on average had expected a quarterly profit of Rs 25.11 billion, according to Thomson Reuters data.