NHPC logs y-o-y growth of 39% in Q4 net profit; stock rallies ~2%

30 May 2023 , 02:21 PM

NHPC’s consolidated net profit increased by 39.40% to Rs 719.18 crore in the March quarter of 2022-23, owing to higher income.

The company said that it registered a net profit of Rs 515.90 crore for the quarter ended March 2022.

Total income for the quarter under review increased to Rs 2,228.68 crore, up by 10.01% y-o-y from Rs 2,026.62 crore in the previous corresponding quarter.

Net profit for the fiscal year 2022-23 increased to Rs 4,234.74 crore, registering a growth of 12.21% y-o-y against Rs 3,774.33 crore in the previous fiscal year.

Total income for the fiscal year was Rs 11,284.90 crore, clocking a growth of 11.64% as compared to Rs 10,108.26 crore in FY22.

The company also highlighted that For FY23, the board also approved a final dividend of Rs 4.50 per share with a face value of Rs 10 each.

The Ministry of Power’s NHPC is India’s largest hydropower producer.

At around 2.10 PM, NHPC was trading 1.98% higher at Rs 43.70, against the previous close of Rs 42.90 on NSE. The counter touched an intraday high and low of Rs 45.20 and Rs 43.25 respectively.

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