NHPC Limited
NSE Symbol NHPC
NHPC LTD has declared lack lustre results for FY 2011.
Net Sales has come down to Rs.4964.99 cr in FY 11 from Rs.5114.26 cr in FY 10.
Total Expenditure has also come down to Rs.2022.63 cr in FY 11 from Rs.2381.08 cr in FY 10.
Consequently, Profit from Operations has gone up to Rs. 3121.02 cr in FY 11 from Rs.2846.24 cr in FY 10.
Profit before tax has gone up further to Rs.3257.23 cr in FY 11 from Rs.2754.17 cr in FY 10.
Net Profit has gone up to Rs.2462.77 cr in FY 11 – from Rs.2277.56 cr in FY 10.
Consolidated Net Profit has gone up to Rs.2316.16 cr in FY 11 from Rs.2175.56 cr in FY 10.
Note : Financial highlights of the results for the year ended March 31, 2010 are as under: (1) Net Profit: The Profit After Tax of the Company for the year ending March 31, 2010 is Rs. 2090.50 crore as against 1075.22 crore during 2008-09.(2) Sales: The sales turnover for the year 2009-10 was Rs. 4218.90 crore as against 2671.85 crore during 2008-09. The increase in sales and profit is mainly due to finalization/ revision of tariff in respect of projects for earlier years and new guidelines by CERC.
See NHPC’s announcements to NSE below on this item pl.
The Paid-up Equity of NHPC is a huge Rs. 12300.74 cr – which makes the basic EPS to move up from a mere 1.84 to in FY 10 to 1.88 in FY11. NHPC will have to implement a large number of projects – for producing a net profit equal to or more than its Equity and thereby more decent EPS and reward investors.
RESULTS TABLE :
| FY 11 CS | ||
| Net Sales | 496499 | 511426 |
| Other Operating Income | 17866 | 11306 |
| Employees Cost | 76965 | 57626 |
| Depreciation | 116655 | 128273 |
| Other Expenditure | 8643 | 52209 |
| Total Expenditure | 202263 | 238108 |
| Profit from Operations | 312102 | 284624 |
| Other Income | 80709 | 64730 |
| Profit before Int & EI | 392811 | 349354 |
| Interest | 67088 | 73937 |
| Profit after Interest but before EI | 325723 | 275417 |
| Profit before tax | 325723 | 275417 |
| Tax Expense | 79446 | 47661 |
| Net Profit | 246277 | 227756 |
| Minority Interest | 14661 | 10200 |
| Consolidated Net Profit | 231616 | 217556 |
| Face Value (in Rs.) | 10 | 10 |
| Paid-up Equity | 1230074 | 1230074 |
| Reserves | 1508729 | 1280649 |
| Basic EPS | 1.88 | 1.84 |
| Public Shareholding (%) | 13.64 | 13.64 |
ANNOUNCEMENTS TO NSE
24-05-2011 Nhpc Limited has signed a Memorandum of Understanding (MoU) with Russia's largest power generating Company M/s. JSC RusHydro on May 23, 2011 for Cooperation on case-to-case basis in Hydropower projects in India and other countries.
14-03-2011 Nhpc Limited has signed an Agreement with Mangdechhu Hydroelectric Project Authority, an Authority set up by Royal Govt. of Bhutan, for providing engineering & design consultancy services for Mangdechhu Hydroelectric Project (720 MW) in Bhutan.
21-12-2010 a Promoters' Agreement has been signed on December 21, 2010 amongst NHPC Limited, Jammu & Kashmir State Power Development Corporation Limited and PTC India Limited for formation of a Joint Venture Company for execution of Pakal Dul and other Hydro-Electric Projects aggregating to Installed capacity of about 2100 MW in the Chenab River Basin of Jammu & Kashmir. -
26-07-2010 SEWA-II H.E. Project (120 MW) has been declared under commercial operation with effect from 0000 hrs of July 24, 2010, consequent upon successful trial run of balance Unit-II (40 MW) of the Project.
02-07-2010 NHPC has been designated as executing agency for 1200 MW Tamanthi and 642 MW Shwezaye Hydropower projects in Myanmar by Ministry of Power vide letter no. 07/02/94-BBMB dated June 25, 2010.
02-07-2010 Unit - III of SEWA - II HE Project has been declared under commercial operation w.e.f. 0000 hrs of July 02, 2010.
01-07-2010 Unit-I of SEWA-II HE Project has been declared under commercial operation w.e.f. 0000 hrs of June 29, 2010 as per the allocation letter No. NRPC/SE(O) /Allocations/2010-11 dtd June 29, 2010 issued by Member Secretary, NRPC to beneficiaries & other utilities.
25-05-2010 Financial highlights of the results for the year ended March 31, 2010 are as under: (1) Net Profit: The Profit After Tax of the Company for the year ending March 31, 2010 is Rs. 2090.50 crore as against 1075.22 crore during 2008-09.(2) Sales: The sales turnover for the year 2009-10 was Rs. 4218.90 crore as against 2671.85 crore during 2008-09. The increase in sales and profit is mainly due to finalization/ revision of tariff in respect of projects for earlier years and new guidelines by CERC.
25-05-2010 Nhpc Limited has informed the Exchange that the Board of Directors at its Meeting held on May 25, 2010 have recommended a dividend of Re. 0.55 per share for consideration of shareholders in their Annual General Meeting. -
28-04-2010 Nhpc Limited has informed the Exchange that " MoU has been signed on April 28, 2010 amongst NHPC Limited, Government of Manipur and SJVN Limited for formation of a Joint Venture Company for implementation of 1500 MW Tipaimukh Hydroelectric (Multipurpose) Project in Manipur. NHPC Limited, SJVN Limited and Government of Manipur shall have a share holding of 69%, 26% and 5% respectively." -
27-04-2010 Nhpc Limited has informed the Exchange that : "The Company will publish its Audited Annual Financial Results within 60 days of the Close of financial year i.e. on or before 30th May, 2010". -
23-03-2010 Nhpc Limited has informed the Exchange that the Company has, on March 23, 2010 signed an Agreement with Department of Energy, Royal Govt. of Bhutan for providing engineering & consultancy services relating to pre-construction activities of Mangdechhu Hydroelectric Project (720 MW) in Bhutan at a total cost of Rs.11.67 Crore. -
22-03-2010 Nhpc Limited has informed the Exchange that M/s Standard & Poor's has revised outlook on NHPC Limited to stable from Negative following sovereign rating action. -
30-01-2010 NHPC Limited has informed the Exchange vide notes to Accounts in the Un-Audited Financial Results for the quarter ended December 31, 2009 (taken on record by the Board of Directors of the Company at its meeting held on January 29, 2010) that: out of the Share Proceeds of Rs. 603,855 lacs, including share premium, a sum of Rs. 201,285 lacs, being the share of Government of India, has been paid to the Ministry of Power. Out of the balance, an amount of Rs. 42,600 lacs and Rs. 5000 lacs has been utilised for recoupment of capital expenditure already incurred from internal accruals on projects specified for utilisation and to meet IPO expenditure provisionally respectively. Balance of Rs. 354,970 lacs has been invested in Term Deposits in accordance with the extant policy of the Company. -
08-01-2010 Nhpc Limited has informed the Exchange that the Company has signed Agreement for taking up Additional Investigations and Preparation of Updated Detailed Project Reports for 1200 MW Tamanthi HE Project and 642 MW Shwezaya HE Project it Myanmar, as consultancy assignments, with Ministry of External Affairs (MEA), Government of India on January 08, 2010 for Rs.20 Crore each. -
31-12-2009 Nhpc Limited has informed the Exchange that the Agreement for the preparation of DPRs for Chamkharchhu-I (670 MW) and Kuri-Gongri (1800 MW) HE Projects in Bhutan with a cost of Rs.22 Crore and Rs.27 Crore respectively were signed on December 22, 2009, between NHPC and Royal Government of Bhutan at New Delhi.
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