November 13, 2017 / 9:03 AM / 3 months ago

NTPC second-quarter profit falls, misses estimates

REUTERS - NTPC Ltd (NTPC.NS), one of India’s biggest power producers, reported a marginal fall in quarterly profit on Monday, missing analysts’ estimates.

Profit after tax from continuing operations for the second quarter ended Sept. 30 fell 2.3 percent to 24.39 billion rupees ($372.71 million) from 24.97 billion rupees a year earlier, the company said in a statement. bit.ly/2i8yD6K

    Analysts on average had expected a profit of 24.87 billion rupees, according to Thomson Reuters data.

    Revenue from its generation segment rose about 2 percent to 199.16 billion rupees.

    ($1 = 65.4400 Indian rupees)

    Reporting by Vishal Sridhar in Bengaluru; Editing by Biju Dwarakanath

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