NHPC reports Rs 719cr net profit for Q1

Psu Connect Date:

NEW DELHI . NHPC today reported more than 7 per cent increase in net profit at Rs 719.93 crore for the first quarter ended June 30, 2013, helped by higher income.In the year-ago period, the company had a net profit of Rs 669.81 crore.

The company's total income climbed to Rs 1,619.73 crore in the latest June quarter from Rs 1,424.45 crore in the same period a year ago, according to a regulatory filing.

Following the cloud burst and unprecedented floods in Uttarakhand last month, the company's 280-MW Dhauliganga power station got damaged, and it resulted into stoppage of electricity production at the project.

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