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NHPC Q4 results: Net profit dives 60% to Rs 238.68 crore

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NEW DELHI: State-owned hydro power giant NHPC documented over 60 per cent drop in consolidated net profit to Rs 238.64 crore in March one fourth, mainly due to reduce revenues.

Its consolidated internet profit was Rs 602.91 crore in the finally quarter previous fiscal, the organization said in a regulatory completing.

Total income was Rs 2,382.36 crore in the period under evaluation, compared to Rs 3,450.08 crore from the year-ago period.

Consolidated internet profit for 2019-20 endured at Rs 3,324.72 crore, compared to Rs 2,835.79 crore in 2018-19.

The total income of the firm in 2019-20 was Rs 10,776.64 crore as against Rs dokuz,846.81 crore throughout 2018-19.

The Board associated with Directors in its meeting organised on Saturday has also recommended finalized dividend at the rate of three.2 per cent of confront value of Rs 10 for each share (Re 0.32 per equity share) to get 2019-20, subject to acceptance of shareholders in the causing annual general meeting.

This is in addition to this interim dividend of Rs 1.18 per fairness share for 2019-20 compensated in March, 2020.

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