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State-owned hydropower giant NHPC reported over 60 per cent decline in consolidated net profit to ₹238.64 crore in March quarter, mainly due to lower revenues.
Its consolidated net profit was ₹602.91 crore in the fourth quarter previous fiscal, the company said in a regulatory filing.
Total income was ₹2,382.36 crore in the period under review, compared to ₹2,450.08 crore in the year-ago period.
Consolidated net profit for 2019-20 stood at ₹3,324.72 crore, compared to ₹2,835.79 crore in 2018-19.
The total income of the company in 2019-20 was ₹10,776.64 crore as against ₹9,846.81 crore in 2018-19.
The Board of Directors in its meeting held on Saturday has also recommended a final dividend at the rate of 3.2 per cent of the face value of ₹10 per share (Re 0.32 per equity share) for 2019-20, subject to the approval of shareholders in the ensuing annual general meeting.
This is in addition to the interim dividend of ₹1.18 per equity share for 2019-20 paid in March, 2020.
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