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.Updated: May 29, 2017 15:09 IST
Hindustan Times, New Delhi
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.
First Published: May 29, 2017 15:09 IST