New Delhi: State-owned hydro power giant NHPC on Friday reported a 47 percent decline in consolidated net profit to Rs 330.13 crore in the December quarter primarily due to higher expenses.
The company had posted a profit of Rs 623.28 crore in the year-ago period, a BSE filing showed.
Total expenses rose to Rs 2,217.51 crore during the quarter from Rs 1,733.01 a year earlier.
Total income increased marginally to Rs 2,616.89 crore in the quarter from Rs 2,549.69 crore in the same period a year ago.
The board also approved payment of interim dividend at the rate of 14 percent -- Rs 1.40 per equity share -- on the face value of paid-up equity shares of Rs 10 each for 2024-25.
The board has fixed Thursday, February 13, 2025 as the record date for the purpose of ascertaining eligibility of shareholders for payment of interim dividend.
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