NHPC Q3 profit jumps over 3-fold at Rs. 687 crore

State-run hydro power giant NHPC on Monday posted 220% jump in its net profit at Rs. 687.93 crore in the quarter ended December 2017, mainly on account of higher revenue.The company’s standalone net profit was Rs. 214.69 crore in the quarter ended 31 December 2016, NHPC said in a BSE filing on Monday. The company has received a total revenue of Rs. 2,066.76 crore in the quarter as compared to Rs. 1,483.57 crore a year ago. Besides, approving the financial results, the board of the company at its meeting held on Monday also declared interim dividend at the rate of 11.20% (Rs. 1.12 per share) on the face value of paid-up equity shares of Rs. 10 each for 2017-18. The interim dividend shall be paid/dispatched within the period as stipulated in Companies Act, 2013, it added. During April-December, the company’s standalone net profit stood at Rs. 2,569.23 crore as compared to Rs. 2,627.17 crore. Its total income in the nine-month period was Rs. 6,990.60 crore as compared to Rs. 7,124.85 crore. The company had reported a net profit of Rs. 2,795.59 crore in the fiscal ended 31 March 2017.