NHPC profit up 80 per cent to Rs 464 crore in March quarter, stocks fall

The stock of NHPC was trading at Rs 26.90, down 0.55 per cent last time on the BSE.

Share price of NHPC Ltd fell nearly one per cent on Friday, June 10, a day after the company announced its January-March quarter results for the financial year 2020-21. On Friday, NHPC Ltd opened at Rs 27.50 on BSE, hitting an intraday high of Rs 27.50 and intraday low of Rs 26.40 in the trading session so far. NHPC also announced that it will raise debt up to Rs 4,300 crore by issuing corporate bonds and/or raising term loans/ECBs (external commercial borrowings).

According to a regulatory filing by the company to the stock exchanges, NHPC reported a growth of nearly 80 per cent in net profit to Rs 464 crore in the March quarter of FY 2020-21 on a consolidated basis. The net profit of the Hydro Electricity Board in the corresponding quarter of the last financial year was Rs 258.83 crore.

The Board of Directors of NHPC has recommended a final dividend of 3.50 per cent of the face value of Rs 10 per share or Rs 0.35 per equity share, subject to shareholders’ approval, for the financial year 2020-21. NHPC in its statement said that this dividend is in addition to the interim dividend of Rs 1.25 per equity share for the financial year 2020-21, which was paid in March 2021.

On NSE, NHPC Limit opened at Rs 27.45, touching an intraday high of Rs 27.50 and intraday low of Rs 26.40 in the session so far. On the NSE, it was trading at Rs 26.90, down 0.55 per cent last time.

The stock of NHPC was trading at Rs 26.90, down 0.55 per cent last time on the BSE.

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