NHPC net profit jumps over 3-fold at Rs 687 crore in December quarter

New Delhi: State-run hydro power giant NHPC today posted 220 per cent jump in its net profit at Rs 687.93 crore in the quarter ended December 2017, mainly on account of higher revenue.

The company’s standalone net profit was Rs 214.69 crore in the quarter ended December 31, 2016, the NHPC Ltd said in a BSE filing today.

The company has received a total revenue of Rs 2,066.76 crore in the quarter as compared to Rs 1,483.57 crore a year ago.

Besides, approving the financial results, the board of the company at its meeting held today also declared interim dividend at the rate of 11.20 per cent (Rs 1.12 per share) on the face value of paid-up equity shares of Rs 10 each for 2017-18.

The interim dividend shall be paid/dispatched within the period as stipulated in Companies Act, 2013, it added.

During April-December, the company’s standalone net profit was Rs 2,569.23 crore as compared to Rs 2,627.17 crore. Its total income in the nine-month period was Rs 6,990.60 crore as compared to Rs 7,124.85 crore.

The company had reported a net profit of Rs 2,795.59 crore in the fiscal ended March 31, 2017.

Mozaffar EtezadiFar

Founder at Energykade
Mozaffar owns degrees in electrical engineering as BSc and power management as MSc. He has worked in fields of energy and e-commerce. He believes that energy and IT can help each other to save more energy and our planet. So here is energykade...

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