NHPC Q4 Results: Net profit up 37% to ₹643 crore, revenue up 21%; dividend declaredPersonal FinanceNHPC Q4 Results: Net profit up 37% to ₹643 crore, revenue up 21%; dividend declared

NHPC Q4 Results: Net profit up 37% to ₹643 crore, revenue up 21%; dividend declared


NHPC announced its Q4FY23 results on May 29, reporting a net profit of 643 crore, a growth of 37.7 per cent, compared to 467 crore in the corresponding period last year. The state-owned hydro power giant’s revenue from operations in the January-March quarter stood at 2,028.8 crore, registering a growth of 21.2 per cent, compared to 1,674.3 crore in the year-ago period. 

The company’s board recommended a final dividend at 4.50 per cent of face value of 10 per share or Re 0.45 per equity share on the paud up share capital for the financial year 2022-23, upon the approval of shareholders.

‘’The Board of Directors in the aforesaid meeting has also recommended final dividend @ 4.50% of face value of 10/- per share (Re.0.45/- per equity share) on the paid up share capital of the company for the FY 2022-23, subject to approval of shareholders in the ensuing Annual General Meeting. This is in addition to the interim dividend of 1.40/- per equity share for the FY 2022-23 paid in March, 2023. The final dividend, if declared, will be paid within the statutory period as per the Companies Act, 2013,” said NHPC in a regulatory filing to the stock exchanges.

On the operating front, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fourth quarter stood at 898.8 crore, reporting a growth of 72.7 per cent, compared to 520.2 crore in the same period last year. Total income for the quarter-under-review stood at 2,268.8 crore, compared to 2,026.62 crore in the year-ago period.

On May 29, shares of NHPC settled 0.12 per cent lower at 42.91 apiece on the BSE.

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Updated: 29 May 2023, 11:38 PM IST

Disclaimer: Along with publishing our own news, we get news from various sources namely from news wires ANI, PTI, other reputed finance portals and individual journalists. We are not legally liable for any inaccuracies in the news and expect the reader to do their own due diligence.

http://ganesh@finplay.in

Finance enthusiast, Mutual fund expert.




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