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NHPC Q3 net profit jumps over 3 fold

Power News - Published on Thu, 15 Feb 2018

Image Source: psuconnect.in
State run hydro power giant NHPC announced that it posted 220% jump in its net profit at INR 687.93 crore in the quarter ended December 2017, mainly on account of higher revenue. The company's standalone net profit was INR 214.69 crore in the quarter ended December 31st 2016.

NHPC Ltd said in a BSE filing that the company has received a total revenue of INR 2,066.76 crore in the quarter as compared to INR 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% (INR 1.12 per share) on the face value of paid-up equity shares of INR 10 each for 2017-18.

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Posted By : Nanda Koijam on Thu, 15 Feb 2018
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