State-owned NHPC on November 7 reported a 37 percent fall in consolidated net profit to Rs 1,069.28 crore in the September quarter compared to the year-ago period, due to exceptional expenses.
NHPC had posted a Rs 1,693.26 crore net profit for the period ended September 2023, according to its exchange filing.
The company's total income increased to Rs 3,402.09 crore from Rs 3,113.82 crore in the second quarter of 2023-24.
Expenses increased to Rs 1,831.08 crore in the second quarter of FY25 from Rs 1,573.54 crore in the year-ago quarter.
According to the company's filing, NHPC paid interest on contractor claims settled under the Vivad se Vishwas Il, Scheme (Contractual Disputes) of the government during the quarter and half year ended September 30, 2024 amounting to Rs 203.12 crore and Rs 350.03 crore, respectively.
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