(Reuters) - Indian power producer NTPC Ltd reported a 46 percent jump in fourth-quarter profit on Monday, marginally beating analysts’ estimates.
Profit after tax from continuing operations was 26.26 billion rupees ($389.59 million) in the three months ended March 31, compared with 17.95 billion rupees a year earlier, the state-controlled company said.
Analysts on average had expected a profit of 26.20 billion rupees, according to Thomson Reuters data.
Revenue from operations grew about 13 percent to 231 billion rupees.
($1 = 67.4050 Indian rupees)
Reporting by Arnab Paul in Bengaluru; Editing by Subhranshu Sahu