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.