NHPC energises Q3 profit by 116%
NHPC Ltd has reported a 116 per cent year-on-year growth in standalone net profit to Rs 388 crore in the third quarter of the current fiscal. It was mainly boosted by better operational efficiency & tariff finalization (2014-19) by CERC for some of the power stations. The NHPC Board approved the Q-3 FY16 unaudited result in their meeting held on February 10, 2016.
Gross generation of the company was up by 28 per cent to 4070 mu for the October-December quarter in comparison to the same period of the previous fiscal. The plant availability factor (PAF) has been reported at 78 per cent as against previous year corresponding figure of 69 per cent.
Sales for the third quarter of the current fiscal FY16 rose 23 per cent year-on-year basis to Rs 1441 crore, as compared to Rs 1167 crore reported in the year-ago period. The company has declared highest ever interim dividend of Rs.0.92 per equity share for the financial year 2015-16.
NHPC registered a sales turnover of Rs 5761 crore, which is 9 per cent higher than the sales turnover of Rs 5287 crore registered during the corresponding period of the previous year. The company has declared its highest ever interim dividend of Rs.0.92 per equity share for the financial year 2015-16.
Realisation of dues stands at Rs 5053.49 crore as on December 31, 2015, against Rs 4571.93 crore as on December 31, 2014. The cumulative power generation of all NHPC power stations stood at 21460 mu against the Excellent target of 19746 mu up to the month of January 2016.
The cumulative generation of NHPC’s power stations up to 2nd February 2016 is 21511 mu against “Very Good” MoU target of 21500 mu. The cumulative PAF of NHPC power stations up to January 2016 is 83.2 per cent against “Very Good” MoU target of 77.7 per cent.