Power News We love to talk!

FEB 13 2018

NHPC Q3 profit jumps over 3-fold at Rs687 crore

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 13th FEB 2018

 

State-run hydro power giant NHPC on Monday posted 220% jump in its net profit at Rs687.93 crore in the quarter ended December 2017, mainly on account of higher revenue.

The company’s standalone net profit was Rs214.69 crore in the quarter ended 31 December 2016, NHPC said in a BSE filing on Monday. The company has received a total revenue of Rs2,066.76 crore in the quarter as compared to Rs1,483.57 crore a year ago.

Besides, approving the financial results, the board of the company at its meeting held on Monday also declared interim dividend at the rate of 11.20% (Rs1.12 per share) on the face value of paid-up equity shares of Rs10 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 Rs2,569.23 crore as compared to Rs2,627.17 crore. Its total income in the nine-month period was Rs6,990.60 crore as compared to Rs7,124.85 crore. The company had reported a net profit of Rs2,795.59 crore in the fiscal ended 31 March 2017.

Tags

TOTAL National Hydroelectric Power Corporation Ltd. Power

Related News

  • Coal India monthly output, shipments slump to lowest in 3 years  Read more
  • Power sector year-ender: Distribution reforms, coal supply, green energy expansion to fire growth in 2017  Read more
  • Govt tells coal power plants to subsidize 15GW of solar power  Read more
  • Farmers wont be charged for tubewell connections meters  Read more
  • States agree on 24x7 power to all households by May next  Read more
  • Tata Power to raise Rs.2,000 crore via rights issue  Read more
  • Raje govt. to divest equity of thermal power plants  Read more
  • 11 hydropower projects can be executed in Tawang basin: Government  Read more
  • Power cos quote higher prices to Discoms  Read more
  • Absence of power purchase agreements with state utilities to hit companies like JSPL, GMR and Lanco  Read more