Companies

NHPC net profit more than doubles

Debabrata Das New Delhi | Updated on February 10, 2016

Public sector hydro power generator NHPC Ltd has more than doubled its net profit for the third quarter of fiscal 2015-16. The company’s net profit stood at ₹ 388.02 crore compared with ₹ 179.83 crore in the same quarter last year.

The company’s net revenue for the third quarter increased 24 per cent to ₹ 1,464.29 crore from ₹ 1,177.04 crore.

NHPC’s board of directors has also approved an interim dividend of 9.2 per cent or ₹ 0.92 per share.

At 3.05 pm on Wednesday, the company’s shares were trading 3.40 per cent higher at ₹ 21.30.

Published on February 10, 2016

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