NHPC earns highest ever standalone net profit of Rs 3007 cr profit during FY 2019-20

FARIDABAD, Jun 29: NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ category-I enterprise of Govt of India has declared its audited financial results for the financial year 2019-20. The Board of Directors approved the audited financial results for FY 19-20 in the e-meeting held on June 27 at Faridabad.
NHPC has reported net profit after tax of Rs 3007.17 crore on standalone basis in the FY 2019-20 compared to Rs 2630.55 crore for the last fiscal year. Sales for the FY 2019-20 stood at Rs 8735.41 crore to Rs 8161.18 crore in the last fiscal year. Consolidated profit for 2019-20 stood at Rs 3,324.72 crore before non-controlling interest compared to Rs 2,835.79 crore in 2018-19. Consolidated total income of the company in 2019-20 is Rs 10,776.64 crore as against Rs 9,846.81 crore in 2018-19.
NHPC Power Stations achieved highest ever generation of 26121 million units (MU) in FY 2019-20 as compared to 24193 MUs in FY 2018-19.
The Board of Directors have also recommended final dividend of Rs 0.32 per share for FY 2019-20 in addition to interim dividend of Rs 1.18 per share already paid by the company in March 2020. The total dividend payout for FY 19-20 is Rs 1506.76 crore as compared to total dividend payout of Rs 1466.58 crore for FY 18-19. NHPC today has about seven lakh shareholders.
NHPC CMD A K Singh said, “NHPC has set a target of 10,000 MW installed capacity by 2022 and 13,000 MW installed capacity by 2024 from its current installed capacity of 7071.2 MW. In addition, we have pan-India plans to expand NHPC's solar and wind power portfolio alongwith its core business of hydropower development and we are striving to achieve additional solar capacity of 5,000 MW by 2022 through these sources.”