NHPC net profit declines to Rs 611 crore in Q4

New Delhi: State-owned NHPC Limited on Friday reported an 18 percent fall in consolidated net profit to Rs 610.93 crore during the March quarter on account of decline in revenues.

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The company had reported a net profit of Rs 745.27 crore in the year-ago period, the company said in an exchange filing.

The company's revenue from operations reduced to Rs 1,888.14 crore from Rs 2,028.77 crore in the January-March period of the 2022-23 fiscal.

NHPC's expenses were at Rs 1,393.67 crore from Rs 1,545.48 crore a year ago.

For the entire fiscal, the company's net profit was at Rs 4,028.01 crore as against Rs 4,260.83 crore a year earlier.

The board of the company also approved a final dividend of Rs 10 per equity share for FY'24.

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