State-owned hydro power company NHPC reported a 47% drop in its consolidated net profit for the December quarter, primarily due to increased expenses. The company’s net profit stood at ₹330.13 crore, significantly lower than ₹623.28 crore recorded in the same period last year, according to a regulatory filing with the BSE.
During the quarter, total expenses rose to ₹2,217.51 crore, compared to ₹1,733.01 crore a year ago. Meanwhile, total income saw a slight increase, reaching ₹2,616.89 crore from ₹2,549.69 crore in the corresponding period last year.
The company’s board has approved an interim dividend of 14% or ₹1.40 per equity share, based on a face value of ₹10 per share, for the financial year 2024-25. The record date for determining eligible shareholders for the dividend payout has been set for Thursday, February 13, 2025.
