NHPC will report its earnings for the quarter ended June on August 7.
What Happened: The energy company in an exchange filing said that a meeting of the board of directors of the company is scheduled to be held on Wednesday, August 7 to approve the financial results for the June quarter.
Analysts are not pencilling in any fireworks this time around from the energy major. Analysts at Antique Broking said that NHPC’s operations may be impacted by damages due to floods in Sikkim during the third quarter of fiscal year 2024 (3QFY24). The company has insurance coverage for 12 months.
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The flash floods have affected the Teesta-V power station, which has a design energy of 26 billion units (BU) per year, with 19 BU generated before the floods. The annual fixed cost (AFC) for Teesta-V is ₹600 crore, including incentives for the full year. Timely commissioning of the Parbati and Lower Subansiri projects remains crucial for NHPC.
The brokerage firm expects the company to post a revenue of ₹2,801 crore, up around 1.6% year-on-year with a net profit of ₹1,039 crore, down around 5.1% YoY.
JM Financial also expects the company’s revenue to come in flat. The domestic brokerage firm expects the company’s revenue to be at around ₹2,784.8 crore with a net profit of ₹1,024 crore.
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