State-controlled utility NTPC Ltd reported a 25.5 per cent fall in quarterly profit after taxes, hurt by higher expenses and a one-off charge on impairment loss on investment. Net profit was Rs 2,079 crore ($322.31 million) in the quarter ended March 31, compared with Rs 2,793 crore a year earlier, the company said on Monday. The company said it incurred an impairment loss of Rs 783 crore in the fourth quarter. Analysts on average had expected a quarterly profit of Rs 2,511 crore, according to Thomson Reuters data.
YuppTV bags sole digital rights of ICC Champions Trophy 2017 for Canada
Ford offers discounts up to Rs 30k on EcoSport, Figo, Aspire
NTPC Q4 declines 25% to Rs 2,079 crore on one-off charge
The company said it incurred an impairment loss of Rs 783 crore in the Q4
Reuters Last Updated at May 29, 2017 17:06 IST
First Published: Mon, May 29 2017. 17:07 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).