State-run hydro power producer NHPC today reported a net profit of Rs 311.77 crore in the three-month period ended December 2012.
The company had a net profit of Rs 212.18 crore in the third quarter of last financial year, it said in a regulatory filing.
In the latest quarter under review, NHPC’s total income climbed to Rs 1,199.39 crore from Rs 1,085.13 crore in the year-ago period.
“In view of the seasonal nature of business, the financial results of the current quarter may not be comparable with other quarters of the current financial year,” NHPC said.
According to its website, NHPC is currently engaged in the construction of ten projects having a total capacity of 4,502 MW.
Shares of the company closed marginally lower at Rs 27.85 on the BSE.
Keywords: NHPC, quarterly profit, hydro power producer
Comments:
The Company treats shareholders badly and to what extent Corporate Governance is pursued is not made transparent. The success of any Company's performance should be judged by the percentage of retail share holders,distribution of dividend and bonus shares, the market capitalisation, the volatility in the share prices, the loyalty shown by the retail shareholders by retaining the shares for a longer period etc. It seems the Company has not fared well from any of these parameters.
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