NTPC second-quarter profit falls, misses estimates

Profit after tax from continuing operations for the second quarter ended Sept. 30 fell 2.3 percent to 24.39 billion rupees from 24.97 billion rupees a year earlier.
Reuters file image used for representational purpose only
Reuters file image used for representational purpose only

NTPC, 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. 

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.

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