India's NHPC falls as higher costs, tax bill hits Q2 profit

NHPC

08/11/2024 07:24

** NHPC shares  NHPC.NS  fall 2.7% to 82.28 rupees
    ** Hydropower company's Q2 consol profit slid 41.2% as rise
in expenses outpaced revenue growth
    ** Co also recorded a tax charge of 6.05 bln rupees (~1/5th
of total rev) vs a tax gain of 749.5 mln rupees in yr-ago period
    ** Avg rating of 8 analysts is "hold", median PT 101.50
rupees - LSEG data
    ** Session's losses trim stock's YTD gains to ~27%

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))