Latest News | NHPC Net Profit Declines 60 Pc to Rs 611 Cr in Q4

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.

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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.

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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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)