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NHPC Ltd Q3FY24; 19% fall in Profits

NHPC, a Mini Ratna category I public sector utility, is Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power.

Financial Results:

NHPC Ltd reported Revenues for Q3FY24 of ₹2,056.00 Crores down from ₹2,583.00 Crore year on year, a fall of 20.4%.

Total Expenses for Q3FY24 of ₹1,728.00 Crores down from ₹1,809.00 Crores year on year, a fall of 4.48%.

Consolidated Net Profit of ₹628.00 Crores down 19.07% from ₹776.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.49, down 26.87% from ₹0.67 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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