Public Consolidated net profit of sector company NHPC declined by 37 percent to Rs 1,069.28 crore in the second quarter. The company gave this information on Thursday. The company's net profit in the same quarter of the last financial year was Rs 1,693.26 crore. In the information given to the stock market, the company said that its total income has increased to Rs 3,402.09 crore in the September quarter, which was Rs 3,113.82 crore in the same quarter of the last financial year. The company's expenses increased to Rs 1,831.08 crore in the quarter under review, which was Rs 1,573.54 crore in the same quarter of the last financial year.
Slight rise in shares
NHPC said it has paid interest of Rs 203.12 crore and Rs 350.03 crore respectively on claims of contractors settled under the government's Vivad Se Vishwas-2 scheme (contract related disputes) during the July-September quarter and April-September half year, respectively. paid to. On Thursday, NHPC shares had closed at Rs 84.53 on the Bombay Stock Exchange with a gain of 0.76 per cent or Rs 0.64.
SAIL's profit decreased by 31%
Public sector steel company SAIL's consolidated net profit for the September quarter of the current financial year declined by 31 percent to Rs 897.15 crore. The company's profit has come down due to decline in income. Steel Authority of India Limited (SAIL) on Thursday informed the stock market about its July-September quarter results. The company had registered a net profit of Rs 1,305.59 crore in the same quarter a year ago. During the period under review, the total income of the steel company declined to Rs 24,842.18 crore which was Rs 29,858.19 crore in the second quarter of the last financial year.
reduced steel production
The company's expenses in the quarter stood at Rs 23,824.07 crore, which was Rs 27,768.60 crore in the same quarter a year ago. Meanwhile, in a separate statement, SAIL said its crude steel production declined marginally to 47.6 lakh tonnes in the last quarter. During the period under review, its sales also declined to 41 lakh tonnes from 47.7 lakh tonnes a year ago. SAIL Chairman Amarendu Prakash said, “It is expected that the second half of the financial year 2024-25 will bring more promising results compared to the first half. “With the expected decline in steel imports and projected growth in GDP and capital expenditure, performance may be better in the second half.”
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