The company's finance costs went up to Rs 322.10 crore in the latest quarter under review compared to Rs 116.06 crore in the year-ago period.
Hydel power producer NHPC reported a 14 percent decline in net profit at Rs 616.03 crore in the three months ended June, mainly on account of higher finance costs. The state-owned company had a net profit of Rs 719.26 crore. In the first quarter of current financial year, total income from operations rose to Rs 2,054.85 crore from Rs 1,619.60 crore in the same period a year ago, according to a regulatory filing. The company's finance costs went up to Rs 322.10 crore in the latest quarter under review compared to Rs 116.06 crore in the year-ago period. According to the filing, borrowing cost of Rs 101.88 crore related to Subansiri Lower project has been charged to the statement of profit & loss. Besides, administration and other costs of Rs 35.91 crore with regard to this project have also been charged. The work at 2,000 MW Subansiri Lower project has been stalled since December 2011 on account of protests by anti-dam activists and the central government is pursuing the matter.
Hydel power producer NHPC reported a 14 percent decline in net profit at Rs 616.03 crore in the three months ended June, mainly on account of higher finance costs. The state-owned company had a net profit of Rs 719.26 crore. In the first quarter of current financial year, total income from operations rose to Rs 2,054.85 crore from Rs 1,619.60 crore in the same period a year ago, according to a regulatory filing. The company's finance costs went up to Rs 322.10 crore in the latest quarter under review compared to Rs 116.06 crore in the year-ago period. According to the filing, borrowing cost of Rs 101.88 crore related to Subansiri Lower project has been charged to the statement of profit & loss. Besides, administration and other costs of Rs 35.91 crore with regard to this project have also been charged. The work at 2,000 MW Subansiri Lower project has been stalled since December 2011 on account of protests by anti-dam activists and the central government is pursuing the matter.
No comments:
Post a Comment