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