Thursday 22nd August 2019

NHPC Q4 net up over two-fold at ₹492 crore

May 28th, 2019 3:23 pm | By | Category: SPECIAL NEWS COVERAGE

(THE NEWSMAN OF INDIA)
NEW DELHI: State-owned hydro power giant NHPC Monday posted more than two-fold jump in standalone profit to ₹492.29 crore for March quarter mainly due to higher revenues.

The company’s profit in January-March, 2017-18 stood at ₹199.80 crore, a BSE filing said.

Total revenues rose to ₹2,186.25 crore in March quarter compared to ₹1.406.07 crore in the year-ago period.

The standalone net profit in 2018-19 slipped to ₹2,630.55 crore from ₹2,769.03 crore a year ago. Total revenue increased to ₹9,085.96 crore from ₹8,358.77 crore in 2017-18.

The consolidated net profit for 2018-19 is ₹2,595.61 crore as compared to ₹2,513.90 crore in the previous fiscal. Total income rose to ₹9,846.81 crore in the fiscal from ₹8,785.66 crore in 2017-18.

The company’s board recommended final dividend of ₹0.75 per equity share of face value of ₹10 per share for 2018-19 .

This dividend is in addition to the interim dividend of ₹0.71 per equity share paid in March this year.

Power generation is principal business activity of the company. Other operations namely power trading, contracts, project management and consultancy works do not form a reportable segment as per the lnd AS 108 – ‘Operating Segment’.

Source: https://www.livemint.com/companies/company-results/nhpc-q4-net-up-over-two-fold-at-492-crore/amp-1558968698618.html

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