NHPC Q4 net makes two-fold jump at Rs 492 crore due to higher revenues

State-owned hydropower giant NHPC Monday posted more than two-fold jump in standalone profit to Rs 492.29 crore for March quarter mainly due to higher revenues.

The company's profit in January-March, 2017-18 stood at Rs 199.80 crore, a BSE filing said.

Total revenues rose to Rs 2,186.25 crore in the March quarter compared to Rs 1.406.07 crore in the year-ago period.

The standalone net profit in 2018-19 slipped to Rs 2,630.55 crore from Rs 2,769.03 crore a year ago. Total revenue increased to Rs 9,085.96 crore from Rs 8,358.77 crore in 2017-18.

The consolidated net profit for 2018-19 is Rs 2,595.61 crore as compared to Rs 2,513.90 crore in the previous fiscal. Total income rose to Rs 9,846.81 crore in the fiscal from Rs 8,785.66 crore in 2017-18.

The company's board recommended a final dividend of Re 0.75 per equity share of the face value of Rs 10 per share for 2018-19.

This dividend is in addition to the interim dividend of Re 0.71 per equity share paid in March this year.

Power generation is the principal business activity of the company. Other operations namely power trading, contracts, project management and consultancy works do not form a reportable segment as per the lnd AS 108 - 'Operating Segment'.

Also Read: IndiGo parent Interglobe Aviation posts 91% decline in net profit at Rs 156.10 crore in FY19; revenue up 23%

Also Read: BT Insight: All you need to know about quant funds

Also Read: Bharti Airtel deposits Rs 644 crore bank guarantee in TDSAT for Tata Tele merger