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NHPC Q1 Net Profit Jump By 16%

Power News - Published on Tue, 13 Aug 2019

Image Source: millenniumpost.in
State run hydro power giant NHPC posted a 16% rise in consolidated net profit at INR 989.27 crore for the June quarter, mainly due to higher revenues. The company had reported a consolidated net profit of INR 851.70 crore in the corresponding period last year. Its total income rose to INR 2,754.48 crore in the quarter under review from INR 2,479.09 crore a year ago.

Electricity generation is the principal business activity of the company. Other operations, that is power trading, contracts, project management and consultancy works do not form a reportable segment as per the Ind AS norms, it added.

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Posted By : Rabi Wangkhem on Tue, 13 Aug 2019
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