NHPC Q1 net profit rises 7%at Rs 537.42 crore in Q1
State-run hydro power generator NHPC has declared its financial results for the first quarter the fiscal year 2010-11. According to the company, it has registered a marginal 7% rise in the net profit figure in the quarter under review.
NHPC is the largest hydro producing company of the country. It has an installed capacity of 5,295 MW in India. NHPC has posted a net profit of Rs 537.42 crore for the quarter that ended in 30th June, 2010.
The company has posted a net profit of Rs 502.10 crore in the similar quarter in the previous fiscal year of 2009-10. In a filing, NHPC has informed this at the Bombay Stock Exchange. However, the company's net sales have dropped in this June quarter of the year.
The net sales of the company have recorded Rs 1,019.71 crore during the April-June quarter of fiscal year 2010-11 as compared to Rs 1,060.26 crore in its like period a year ago.
However, last week the company has started its 120 ME Sewa-II project in Jammu and Kashmir.