(LiveMint)
State-owned hydro power giant NHPC Monday posted more than two-fold jump in standalone profit toRs 492.29 crore for March quarter mainly due to higher revenues. The company’s profit in January-March, 2017-18 stood at Rs 199.80 crore, a BSE filing said.
Total revenues rose to Rs 2,186.25 crore in March quarter compared to Rs1.406.07 crore in the year-ago period. The standalone net profit in 2018-19 slipped to Rs 2,630.55 crore from Rs 2,769.03 crore a year ago. Total revenue increased to Rs 9,085.96 crore from ₹8,358.77 crore in 2017-18. The consolidated net profit for 2018-19 is Rs 2,595.61 crore as compared to Rs 2,513.90 crore in the previous fiscal. Total income rose to Rs 9,846.81 crore in the fiscal from ₹8,785.66 crore in 2017-18. The company’s board recommended final dividend of Rs 0.75 per equity share of face value of Rs10 per share for 2018-19 .
