NHPC, India’s leading hydropower utility company, announced its financial results for the third quarter of FY 2024-25 (Q3 FY25), revealing a significant drop in net profit along with a significant increase in revenue.
The company’s net profit for the quarter ended December 2024 declined 52.5 percent to Rs 231 crore as against Rs 486.7 crore in the same period last year. The decline is mainly on account of increased expenses during the quarter.
Despite the drop in net profit, NHPC’s revenue from operations grew 11.3 percent year-on-year to Rs 2,286.8 crore from Rs 2,055.5 crore in the same quarter last fiscal.
Total expenses for the quarter rose to Rs 2,217.51 crore from Rs 1,733.01 crore in the same quarter a year ago, leading to a decline in net profit.
In view of the financial performance, the board of NHPC has approved an interim dividend of 14 percent for the financial year 2024-25, equivalent to Rs 1.40 per equity share of face value of Rs 10 each.
The record date for determining the eligibility of shareholders for this dividend has been fixed as Thursday, February 13, 2025. The dividend is to be paid or dispatched within the time limit prescribed by the Companies Act, 2013.
Ahead of the earnings announcement, NHPC shares closed at Rs 7.43 per share on the BSE, showing a marginal decline of 0.28 percent.
NHPC has been playing a vital role in India’s renewable energy sector, focusing on developing and operating hydropower projects across the country.
The Company is committed to enhancing its operational efficiency and financial performance in the upcoming quarters.
