NHPC net profit jumps 122% in the Q3 of the current fiscal

NHPC has reported total revenue of Rs 1,860 crore for the quarter ended December 31, 2019 as against Rs 1,691 crore during the previous corresponding period

NHPC has inked a pact with the Himachal Pradesh government for the implementation of 500 MW Dugar Hydroelectric Project in Chamba district.

New Delhi: NHPC Limited has reported total revenue of Rs 1,860 crore for the quarter ended December 31, 2019 as against Rs 1,691 crore during the previous corresponding period registering a growth of 10 percent. The revenue of the company stands at Rs 7,473 crore during the nine months ended December 31, 2019, as against Rs 6,900 crore during the previous corresponding period of nine months ended December 31, 2018, resulting into growth of 8 percent.

The Board of Directors has approved an interim dividend of Rs 1.18 per share for the financial year 2019-20 in the Board Meeting held on February 7, 2020, as against interim dividend of Rs 0.
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71 per share for the year 2018-19

The net profit of the NHPC Limited for the quarter ended December 31, 2019, stands at Rs 404 crore against the corresponding net profit of Rs 182 crore resulting into growth of 122 percent. The company has reported a net profit of Rs 2,624 crore for the nine months ended December 31, 2019, as against a profit of Rs 2,138 crore during the nine months ended December 31, 2018, resulting into 23 percent increase on year on year basis.

The Board of Directors has approved an interim dividend of Rs 1.18 per share for the financial year 2019-20 in the Board Meeting held on February 7, 2020, as against interim dividend of Rs 0.71 per share for the year 2018-19.