Saturday, June 25, 2022

Q4 FY’22: NHPC net profit rises 7% to Rs 515 crore in March quarter

NHPC Limited on Wednesday posted an almost seven per cent rise in its consolidated net profit to Rs 515.90 crore in the March 2022 quarter (Q4 FY’22)

Must read

New Delhi: NHPC Limited on Wednesday posted an almost seven per cent rise in its consolidated net profit to Rs 515.90 crore in the March 2022 quarter.

The company had reported a consolidated net profit of Rs 482.35 crore in the quarter ended March 2021, a BSE filing showed.

Total income in the quarter stood at Rs 2,026.62 crore against Rs 2,100.12 core a year ago.

The consolidated net profit in fiscal 2021-22 rose to Rs 3,774.33 crore from Rs 3,599.88 crore in 2020-21.

Total income in 2021-22 stood at Rs 10,152.84 compared to Rs 10,710.86 crore in 2020-21.

The Board has recommended a final dividend of 5 percent per equity share of the face value of Rs 10 (Re 0.50 per equity share) for the FY 2021-22, subject to the approval of shareholders in the ensuing annual general meeting.

This is in addition to the interim dividend of Rs 1.31 per equity share for the FY 2021-22 paid in March 2022.

The board also approved a proposal for raising debt up to Rs 6,300 crore during 2022-23 through the issuance of secured/ unsecured, redeemable, taxable, non-cumulative non-convertible taxable Corporate Bonds in one or more series/tranches on a private placement basis and/or raising of term loans/external commercial borrowings (ECB) in suitable tranches.

(PSU Watch– India’s Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

- Advertisement -

More articles

- Advertisement -

Latest News