NHPC Q4 net profit rises 18% to Rs 185 crore

State-run hydro power giant NHPC today posted an 18 per cent jump in its net profit at Rs 185.33 crore for the quarter ended March 2018, helped by lower expenses.

The company's net profit was Rs 156.88 crore for the quarter ended on March 31, 2017, a BSE filing said.

Total revenue in the quarter dipped to Rs 1,434.43 crore in the quarter from Rs 1,604.99 crore a year ago. Total expenses were Rs 1,352.07 crore in the quarter, down from Rs 1,742 crore in the corresponding three months of 2016-17.

On annual basis, its consolidated net profit came in at Rs 2,781.04 crore for the entire 2017-18 fiscal, down from Rs 3,485.90 crore in the previous financial year.

The board of directors in a meeting today has also recommended the payment of final dividend at the rate of 2.8 per cent of face value of Rs 10 per equity share (Rs 0.28 per share) for 2017-18, subject to approval of shareholders in ensuing Annual General Meeting (AGM).

This dividend is in addition to the interim dividend of Rs 1.12 per equity share already declared in February 2018, thereby making total dividend for 2017-18 to Rs 1.40 per equity share, on the face value of Rs 10 each.