NHPC’s Net Profit Jumps 9.93% in the Q2 of the current fiscal
NHPC Limited has reported a 9.93% growth in the standalone net profit at Rs. 1339.46 Crore during second quarter of current fiscal FY 2019-20 against Rs. 1218.51 Crore of the corresponding period. Profit after tax for the half year is Rs. 2220.60 Crore against Rs. 1956.08 Crore of the corresponding period.
Sales for the second quarter of the current fiscal FY 2019-20 rose 4.25% to Rs. 2605.43 Crore, as compared to Rs. 2499.19 Crore reported in the year-ago period. Revenue is higher mainly due to better operational efficiency, operation of Kishanganga Power Station and revenue from Power Trading Business.