NHPC's consolidated net profit fell to Rs 1,069.28 crore in the September quarter due to exceptional expenses, including interest payments on contractor claims. Total income increased to Rs 3,402.09 crore.
New Delhi, Nov 7 (PTI) State-owned NHPC on Thursday reported a 37 per cent fall in consolidated net profit to Rs 1,069.28 crore in the September quarter compared to the year-ago period due to exceptional expenses.
It had posted a Rs 1,693.26 crore net profit for the period ended September 2023, the company said in an exchange filing.
The company's total income increased to Rs 3,402.09 crore from Rs 3,113.82 crore in the second quarter of 2023-24.
Expenses increased to Rs 1,831.08 crore in the second quarter of FY25 from Rs 1,573.54 crore in the year-ago quarter.
According to the company filing, NHPC paid interest on contractor claims settled under the Vivad se Vishwas Il, Scheme (Contractual Disputes) of the government during the quarter and half year ended September 30, 2024 amounting to
Rs 203.12 crore and Rs 350.03 crore, respectively.
Home » Market News » NHPC Q2 Profit Drops 37% to Rs 1,069.28 Cr
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