By Ben Otto
Indian power company NTPC’s fourth-quarter net profit fell 5.9% as higher expenses offset a rise in sales while total taxes increased.
Profit in the quarter ended March 31 fell to 48.61 billion rupees ($586.8 million) from INR51.67 billion a year earlier, the New Delhi-based company said late Friday.
Quarterly revenue from operations rose 19% to INR442.53 billion as gross power generation, which makes up the bulk of revenue, rose 7.6% to 89.67 billion units.
Total expenses expanded 22% from a year ago to INR390.19 billion, while total tax rose 41% over the same period.
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