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NHPC Q1 net profit rises 0.56% at Rs 862.66 cr

Total income of the company also increased to Rs 2,432.77 crore, from Rs 2,360.06 crore in the year-ago period.

August 09, 2017 / 06:49 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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State-owned NHPC today reported a marginal rise of 0.56 percent in standalone net profit at Rs 862.66 crore for the first quarter ended June 30, 2017.

The company had posted a standalone net profit of Rs 857.82 crore for the year-ago period, NHPC said in a BSE filing.

Total income of the company also increased to Rs 2,432.77 crore, from Rs 2,360.06 crore in the year-ago period.

Its total expenses during the first quarter of the ongoing fiscal were at Rs 1,535.72 crore as against Rs 1,453.74 crore.

NHPC, a mini ratna firm, is a premier organisation in the country for development of hydropower.

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According to the company's website, presently NHPC is engaged in the construction of 5 projects aggregating to a total installed capacity of 4,290 MW including 1,000 MW (Pakal Dul HE project) being executed through JV company.

Besides, 10 projects of 7,151 MW are awaiting clearances/government approval for their implementation including 3 projects of 1,186 MW to be executed through subsidiary/joint venture companies.

Shares of the company ended 1.44 percent down at Rs 30.75 on BSE.
first published: Aug 9, 2017 06:48 pm
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