India's NTPC Q4 profit jumps 46pc

BENGALURU, May 28 (Reuters): Indian power producer NTPC Ltd reported a 46 per cent 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 per cent to 231 billion rupees.