NTPC Q4 profit falls 25.5% on one-off charge
Hindustan Times, New Delhi |
HT Correspondent May 29, 2017 03:09 PM IST
NTPC shares fell as much as 1.2% to Rs 153.15 at the National Stock Exchange.
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.
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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.
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