New Delhi, Feb 7 (PTI) State-owned hydro power giant NHPC on Friday reported a 47 per cent decline in consolidated net profit to Rs 330.13 crore in the December quarter primarily due to higher expenses.

The company had posted a profit of Rs 623.28 crore in the year-ago period, a BSE filing showed.

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Total expenses rose to Rs 2,217.51 crore during the quarter from Rs 1,733.01 a year earlier.

Total income increased marginally to Rs 2,616.89 crore in the quarter from Rs 2,549.69 crore in the same period a year ago.

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The board also approved payment of interim dividend at the rate of 14 per cent -- Rs 1.40 per equity share -- on the face value of paid-up equity shares of Rs 10 each for 2024-25.

The board has fixed Thursday, February 13, 2025 as the record date for the purpose of ascertaining eligibility of shareholders for payment of interim dividend.

(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)