NHPC Net Profit Falls 60% in Q4, Revenue Down

May 17, 2024 22:57

NHPC's net profit declined by 60% in the fourth quarter, impacted by a decrease in revenue. Read more about the company's financial performance.

New Delhi, May 17 (PTI) State-owned NHPC Ltd on Friday reported an 18 per cent fall in consolidated net profit to Rs 610.93 crore during the March quarter on account of decline in revenues.

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 FY24.

Source: PTI

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NHPC Net Profit Falls 60% in Q4, Revenue Down

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