NHPC net profit rises 7% to Rs 515 cr in March quarter

State-owned NHPC on Wednesday posted an almost seven percent rise in its consolidated net profit to Rs 515.90 crore in the March 2022 quarter.

The company had reported a consolidated net profit of Rs 482.35 crore in the quarter ended March 2021, a BSE filing showed.

Total income in the quarter stood at Rs 2,026.62 crore against Rs 2,100.12 core a year ago.

The consolidated net profit in fiscal 2021-22 rose to Rs 3,774.33 crore from Rs 3,599.88 crore in 2020-21.

Total income in 2021-22 stood at Rs 10,152.84 compared to Rs 10,710.86 crore in 2020-21.

The Board has recommended a final dividend of 5 per cent per equity share of the face value of Rs 10 (Re 0.50 per equity share) for the FY 2021-22, subject to the approval of shareholders in the ensuing annual general meeting.

This is in addition to the interim dividend of Rs 1.31 per equity share for the FY 2021-22 paid in March 2022.

The board also approved a proposal for raising debt up to Rs 6,300 crore during 2022-23 through the issuance of secured/ unsecured, redeemable, taxable, non-cumulative non-convertible taxable Corporate Bonds in one or more series/tranches on a private placement basis and/or raising of term loans/external commercial borrowings (ECB) in suitable tranches.

Published on: Wednesday, May 25, 2022, 05:52 PM IST