New Delhi: National Hydro Power Corporation (NHPC) recorded a two-fold rise in standalone profit at 492.29 crores for the fourth quarter of the financial year 2018-19, up from Rs 199.80 crore it recorded the corresponding period in 2017-18. However, the standalone net profit for the entire financial year slipped to Rs 2,630.
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55 crore from Rs 2,769.03 crore a year ago.
Revenue at Rs 2,186.25 crore in Q4
The total revenues for the fourth quarter of FY19 stood at Rs 2,186.25 crore as opposed to Rs 1.406.07 crore in the year-ago period. For the entire financial year, total income increased to Rs 9,085.96 crore from Rs 8,358.77 crore in 2017-18.
NHPC’s registered a total income of Rs 9,846.81 crore in FY2018-19, up from Rs 8,785.66 crore in 2017-18.
Board recommends dividend of Re 0.75 per equity
NHPC’s board recommended a final dividend of Re 0.75 per equity share of the face value of Rs 10 per share for the financial year 2018-19. This dividend is in addition to the interim dividend of Re 0.71 per equity share that NHPC paid in March this year on the basis of the profit.
NHPC Limited is an Indian Hydropower generation PSU under the administrative control of Ministry of Power. Earlier it was known as National Hydroelectric Power Corporation. The company was incorporated in the year 1975 with an authorised capital of Rs 2,000 million and with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects.