NHPC powers Q4 profit by 18% to Rs 185 crore
New Delhi: State-run hydro power giant NHPC on Monday posted an 18 per cent jump in its net profit at Rs 185.33 crore for the quarter ended March 2018, helped by lower expenses.
The company's net profit was Rs 156.88 crore for the quarter ended on March 31, 2017, a BSE filing said.
Total revenue in the quarter dipped to Rs 1,434.43 crore in the quarter from Rs 1,604.99 crore a year ago. Total expenses were Rs 1,352.07 crore in the quarter, down from Rs 1,742 crore in the corresponding three months of 2016-17.
On annual basis, its consolidated net profit came in at Rs 2,781.04 crore for the entire 2017-18 fiscal, down from Rs 3,485.90 crore in the previous financial year.
The board of directors in a meeting on Monday has also recommended the payment of final dividend at the rate of 2.8 per cent of face value of Rs 10 per equity share (Rs 0.28 per share) for 2017-18, subject to approval of shareholders in ensuing Annual General Meeting (AGM).
This dividend is in addition to the interim dividend of Rs 1.12 per equity share already declared in February 2018, thereby making total dividend for 2017-18 to Rs 1.40 per equity share, on the face value of Rs 10 each.
Additionally, 330 MW (3x110 MW) Kishanganga Power Station in Jammu & Kashmir and 50 MW Solar Project in Tamilnadu were commissioned in FY 2017-18. With commissioning of these two projects NHPC crossed 7000 MW mark in installed capacity.
Overall cumulative PAF of NHPC Power Stations for the FY 2017-2018 stood 85.32 per cent against 83.41 per cent achieved during 2016-17.
Unit – 1 of Parbati-II HE Project was successfully synchronized on partial load. Unit-2 has also been successfully spun and spinning at rated speed has been completed.
Also, an interim dividend of Rs 849.80 crore was paid to Government of India for financial year 2017-18.
A total interim dividend of Rs 1149.05 crore has been paid for the year 2017-18 as against total dividend of Rs 1984.61 crore for the financial year 2016-17.