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

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.