NTPC Q4 profit falls 25.5% on one-off charge | business-news | Hindustan Times
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NTPC Q4 profit falls 25.5% on one-off charge

NTPC shares fell as much as 1.2% to Rs 153.15 at the National Stock Exchange.

business Updated: May 29, 2017 15:09 IST
HT Correspondent
A view of a power plant run by NTPC.
A view of a power plant run by NTPC. (Photo courtesy: NTPC)

State-owned power utility NTPC Ltd on Monday reported a 25.5% fall in quarterly net profit after, mainly due to higher expenses and a one-off charge on impairment loss on investment.

NTPC shares fell as much as 1.2% to Rs 153.15 at the National Stock Exchange.

The company’s net profit was at Rs 2,079 crore in the quarter ended March 31, compared with Rs 2,793 crore a year earlier, the company said on Monday. Analysts on average had expected a quarterly profit of Rs 2,511 crore.

The company said it incurred an impairment loss of Rs 783 crore in the fourth quarter.