Feb 12, 2024
NHPC recorded a 19% dip in consolidated net profit, totaling Rs 628.44 crore for Q3 2023-24.
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A fall from Rs 775.99 crore net profit reported in the same quarter of previous fiscal year
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Total income for the quarter stands at Rs 2,549.69 crore, down from Rs 2,691.34 crore in the corresponding period last year.
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Expenses witnessed a significant rise, reaching Rs 1,727.85 crore in Q3 2023-24 compared to Rs 1,303.06 crore in the previous fiscal quarter.
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NHPC's board approved an interim dividend of Rs 1.40 per equity share for the financial year 2023-24.
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Record date has been set for February 22 to determine shareholder eligibility for dividend payment.
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On Monday, the shares of NHPC closed at Rs 81.45, 15.38 per cent down from the Friday's closing.
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The above information is meant for informational purposes only, and should not be considered as any investment advice.
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