NTPC Posts Rs 2,385 Crore Profit In December Quarter, Misses Analysts' Estimates

Third-quarter profit after tax from continuing operations came in at Rs 2,385 crore, marginally higher from Rs 2,361 crore a year earlier.

NTPC Posts Rs 2,385 Crore Profit In December Quarter, Misses Analysts' Estimates

The company posted a 16.1 per cent rise in revenue from operations in the third quarter.

Power producer NTPC posted a 1 per cent rise in December-quarter profit on Wednesday, missing estimate, as higher expenses weighed.

Third-quarter profit after tax from continuing operations came in at Rs 2,385 crore ($335.16 million), marginally higher from Rs 2,361 crore a year earlier, the state-owned company said.

Analysts on average expected the New Delhi-headquartered company to clock in a profit of Rs 2,619 crore, according to Thomson Reuters Refinitive data.

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The company posted a 16.1 per cent rise in revenue from operations in the third quarter.