NHPC’s Net Profit Jumps 9.93% in the Q2

Sarkaritel
By Sarkaritel November 11, 2019 22:18

NHPC’s Net Profit Jumps 9.93% in the Q2


Faridabad, Nov 11 NHPC Limited has reported a 9.93% growth in the standalone net profit at Rs. 1339.46 Crore during second quarter of current fiscal FY 2019-20 against Rs. 1218.51 Crore of the corresponding period. Profit after tax for the half year is Rs. 2220.60 Crore against Rs. 1956.08 Crore of the corresponding period.

Sales for the second quarter of the current fiscal FY 2019-20 rose 4.25% to Rs. 2605.43 Crore, as compared to Rs. 2499.19 Crore reported in the year-ago period. Revenue is higher mainly due to better operational efficiency, operation of Kishanganga Power Station and revenue from Power Trading Business.

Gross generation of the company was up by 6.58% to 17719 MU for April – September 2019 half year in comparison to the same period of the previous fiscal.

The NHPC Board approved the Q-2 FY 2019-20 unaudited financial results in their meeting held on November 11, 2019.

Sarkaritel
By Sarkaritel November 11, 2019 22:18