NTPC Posts Rs 2,385 Crore Profit In December Quarter, Misses Analysts' Estimates
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.
The company posted a 16.1 per cent rise in revenue from operations in the third quarter.
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Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
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It's Time To Take The GST Council's Bet On Trust Global
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Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
