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Public sector hydro-power generator NHPC Ltd’s net profit for the second quarter of fiscal 2014-15 dropped 3.3 per cent to ₹684.10 crore on the back of higher finance costs. The company’s net profit in the same quarter last year was ₹707.58 crore.
However, NHPC did improve its net revenues in the quarter. Its net revenue increased by 27 per cent to ₹2,098.79 crore, from ₹1,650.02 crore in the same quarter last year.
The company’s finance costs in the quarter more than doubled to ₹288.36 crore, from ₹120.31 crore in the similar previous period.
This impacted the company’s net profit.
The profit from operations before finance costs had improved 11.6 per cent to ₹1,156.82 crore from ₹1,036.36 crore in the same quarter the previous year.
On Thursday, NHPC’s share price remained almost flat on the BSE at ₹20.
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