NHPC FY10 up 83% at Rs 2,175 cr

State-run power producer NHPC Ltd today reported a 83.6 per cent jump in consolidated net profit at Rs 2,175.56 crore for the financial year 2009-10, compared to the previous fiscal.

The company's net profit was Rs 1,184.89 crore in 2008-09.

Consolidated net sales of the company increased to Rs 5,114.26 crore in 2009-10 from Rs 3,427.77 crore in 2008-09, NHPC said in a filing to the Bombay Stock Exchange.

The government-run power firm has declared a dividend of 55 paise on each share.

On a standalone basis, NHPC reported a net profit (after minority interest) of Rs 2,090.50 crore for 2009-10, nearly double of the Rs 1,075.22 crore profit of the previous financial year.
    
NHPC shares, which had dipped 1.6 per cent to hit an all-time low of Rs 27.60 in morning trade, recovered after the announcement of the result to trade at Rs 28.85, up 2.85 per cent, in the afternoon session on the BSE.