Photo: AFPNew Delhi: State-run hydro power giant NHPC on Monday posted 220% jump in its net profit at Rs687.93 crore in the quarter ended December 2017, mainly on account of higher revenue. The company’s standalone net profit was Rs214.69 crore in the quarter ended 31 December 2016, NHPC said in a BSE filing on Monday. The interim dividend shall be paid/dispatched within the period as stipulated in Companies Act, 2013, it added. During April-December, the company’s standalone net profit was Rs2,569.23 crore as compared to Rs2,627.17 crore. The company had reported a net profit of Rs2,795.59 crore in the fiscal ended 31 March 2017.

Source: Mint February 12, 2018 14:48 UTC