NTPC Q3 net profit declines 4% to Rs 23.6 billion, misses estimates

India's power producer NTPC Ltd reported a 4 per cent fall in quarterly profit on Wednesday, missing analysts' estimates.

Profit after tax from continuing operations for the third quarter ended Dec. 31 fell to 23.61 billion rupees ($370.96 million) from 24.69 billion rupees a year earlier, the company said in a statement.

Analysts on average had expected a profit of 26.80 billion rupees, according to Thomson Reuters data.

However, revenue from its generation segment was up 5 percent at 205.58 billion rupees.