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NHPC reports 100% growth in standalone net profit during Q-3 of fiscal 2020-21

Faridabad: For the quarter ended 31st December, 2020 standalone net profit of NHPC increased by 100% to Rs. 808 crore against a net profit of Rs. 404 crore during the corresponding previous quarter ended 31st December, 2019. Net profit for the nine months ended 31st December, 2020 increased by 8% to Rs 2829 crore against a net profit of Rs. 2624 Crore during the nine months ended 31st December, 2019.

Standalone revenue of the Company grew by 23% to Rs 2294 crore for the quarter ended 31st December, 2020 as against Rs 1860 crore during the corresponding previous quarter ended 31st December, 2019. Revenue for the nine months ended 31st December, 2020 increased by 5% to Rs 7879 crore as against Rs. 7473 crore during the nine months ended 31st December, 2019.

Sales realization from beneficiaries for the current fiscal is Rs 7633 crore till 10th February, 2021 as compared to Rs 7018 crore during the corresponding period of the previous financial year.

The Board of Directors has declared an interim dividend of Rs. 1.25 per share for the financial year 2020-21 in the Board Meeting held on 11thFebruary, 2021 as against interim dividend of Rs.1.18 per share for the year 2019-20.

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