NHPC reported a 18 percent YoY decline in net profit to Rs 610.93 crore for Q4FY24, against Rs 745.27 crore in the same period last year.
Sequentially, the net profit also saw marginal declines against Rs 628.44 crore in Q3FY24.
Sequentially, the net profit also saw marginal declines against Rs 628.44 crore in Q3FY24.
For the reporting period, revenue from operations fell to Rs 1,888.14 crore against Rs 2,028.77 crore in the previous fiscal.
net profit fell around 5 percent to Rs 4,028.01 crore while revenue was reported at Rs 9,632.16 crore, against Rs 10,607.40 crore in FY23.
NHPC reported a 18 percent YoY decline in net profit to Rs 610.93 crore for Q4FY24, against Rs 745.27 crore in the same period last year. Sequentially, the net profit also saw marginal declines against Rs 628.44 crore in Q3FY24.
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Shares of NHPC fell 2.24 percent at open on the NSE on May 18 after reporting a decline in net profits for Q4FY24. At 9:15 am, the stock was trading at Rs 96. The stock has gained over 125 percent in the last one year.
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On May 17, in a regulatory filing, NHPC reported a 18-percent YoY decline in net profit to Rs 610.93 crore for Q4FY24, against Rs 745.27 crore in the same period last year. Sequentially, the net profit also saw marginal declines against Rs 628.44 crore in Q3FY24. For the reporting period, revenue from operations fell to Rs 1,888.14 crore against Rs 2,028.77 crore in the previous fiscal.
For FY2024. net profit fell around 5 percent to Rs 4,028.01 crore while revenue was reported at Rs 9,632.16 crore, against Rs 10,607.40 crore in FY23.
In April 2024, in a regulatory filing, NHPC said that it had signed a JVA with NHPC, NTPC, Power Grid Corporation of India, Damodar Valley Corporation (DVC), Central Power Research Institute (CPRI) & NHPTL to sell 1.31 crore shares of NHPTL to Power Grid at a notional total consideration of Rs 1.
Also read: NHPC board approves raising Rs 6,100 crore debt in 2024-25
Earlier in 2024, the NHPC's board of directors in its meeting approved the proposal for raising debt up to Rs 6,100 crore during 2024-25 through non-convertible corporate bonds in one or more tranches on private placement basis, term loans, or external commercial borrowing in tranches.
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