NHPC Q2 net falls 9.67% to Rs 708 cr

New Delhi, NHPC today reported 9.67 per cent drop in net profit to Rs 707.58 crore for the second quarter ended September 30, 2013-14 fiscal.The company had reported net profit of Rs 783.38 crore in the July-September quarter of the previous fiscal, NHPC said in a regulatory filing to the stock exchanges.

 

Total income during the current quarter decreased to Rs 1,950.23 crore as against Rs 2,013.26 crore in the year-ago period.The company’s board has approved the buyback of up to 10 per cent of fully paid-up equity shares of Rs 10 each for an aggregate amount of nearly Rs 2,400 crore.  Press release.