NHPC Ltd, the state-owned hydroelectric power producer, reported a 41.2% decline in net profit for the second quarter, posting ₹909 crore compared to ₹1,546 crore in the same quarter last year.

The drop in profitability comes despite a 4.1% increase in revenue, which reached ₹3,052 crore, up from ₹2,931.3 crore in the corresponding period last year.

The company’s operational revenue in Q1 stood at ₹2,694 crore, indicating a steady upward trend from the previous quarter.

The EBITDA for Q2 showed modest growth, rising 1.7% year-on-year to ₹1,799 crore, compared to ₹1,768.4 crore in Q2 FY24.

 However, margins contracted to 58.9% from 60.3% a year earlier, reflecting some pressure on operational efficiency.

Total expenses for the quarter increased to ₹1,831 crore, up from ₹1,540 crore in the same period last year, primarily due to higher input and operational costs.

A notable improvement came from other income, which nearly doubled to ₹350 crore from ₹182 crore a year ago, helping to offset some of the pressure on profitability.

Published On - November 7, 2024, 8:07:44 PM IST .

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