NHPC Q1 results: Reports over 13% decline in net profit at Rs 855 crore
NEW DELHI: State-owned hydro power giant NHPC NSE 1.15 % on Monday reported over 13 per cent dip in its consolidated net profit to Rs 855.49 crore for the quarter ending June due to a rebate of Rs 185 crore given to discoms in view of Covid-19 situation. Its consolidated net profit was Rs 989.27 crore in the quarter ended on June 30, 2019, a BSE filing stated.
Total income for the quarter under review rose marginally to Rs 2,914.02 crore from Rs 2,754.48 in the same period of last year.
