NHPC Ltd, India’s public sector hydroelectricity generation company, reported 5.5% lower Sep-20 quarter top line sales revenues at Rs2,899.56cr. The operations had been impacted in a small way during the Jun-20 quarter. However, at the behest of the government, the hydro power generator gave a discount of Rs185cr to distribution companies or DISCOMs. This amount has been written off as an exceptional item in the Jun-20 quarter.
For the Sep-20 quarter, the operating profits were lower by 3.55% at Rs1,486.73cr on a yoy basis. NHPC managed to report OPM of 51.27% in the Sep-20 quarter compared to 50.23% in the Sep-19 quarter due to a lower base of sales.
Net profits also fell by 10.79% on a yoy basis at Rs1300.40cr. As a result the PAT margins stood lower at 44.85% in Sep-20 quarter compared to the Sep-19 quarter PAT margin of 47.51%. This was largely on account of higher tax burden in Sep-20 quarter.
Financial highlights for Sep-20 compared yoy and sequentially
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|
NHPC Ltd |
|
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
2,899.56 |
3,068.38 |
-5.50% |
2,779.48 |
4.32% |
|
Operating Profit |
1,486.73 |
1,541.39 |
-3.55% |
1,253.01 |
18.65% |
|
Profit After Tax (PAT) |
1,300.40 |
1,457.68 |
-10.79% |
855.49 |
52.01% |
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|
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|
|
|
|
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Diluted EPS (Rs) |
₹ 1.18 |
₹ 1.28 |
|
₹ 0.77 |
|
|
Operating Margins |
51.27% |
50.23% |
|
45.08% |
|
|
PAT Margins |
44.85% |
47.51% |
|
30.78% |
|
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