NHPC drops after Q1 outcome

NHPC lost 4.8% to Rs 15.85 at 12:11 IST on BSE after net profit rose 7.48% to Rs 719.93 crore on 13.68% growth in total income from operations to Rs 1619.37 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced after market hours on Wednesday, 31 July 2013.

Meanwhile, the S&P BSE Sensex was up 117.59 points or 0.61% at 19,463.29.

On BSE, 7.93 lakh shares were traded in the counter as against average daily volume of 6.82 lakh shares in the past one quarter

The stock hit a high of Rs 17.10 and a low of Rs 15.75 so far during the day. The stock had hit a record low of Rs 14.65 on 7 September 2012. The stock had hit a 52-week high of Rs 29.40 on 20 February 2013.

The stock had underperformed the market over the past one month till 31 July 2013, sliding 9.51% compared with the Sensex's 0.26% fall. The scrip had also underperformed the market in past one quarter, declining 23.09% as against Sensex's 0.81% fall.

The large-cap company has equity capital of Rs 12300.74 crore. Face value per share is Rs 10.

The surge in finance costs affected the bottom line during the quarter. Finance costs jumped 45.47% to Rs 116.03 crore in Q1 June 2013 over Q1 June 2012.

NHPC is a state-run hydro-power utility. The Government of India (GoI) holds 86.36% stake in NHPC (as per the shareholding pattern as on 30 June 2013).

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