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NHPC Reports 39% Profit Growth in Q4; Issues Dividends!

30 May 20232 mins read by Angel One
Shares of this company gained more than 28% in the last one year.
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On 29 May 2023, NHPC reported results for the fourth quarter (Q4) and the year ended March 31, 2023. The board of the company also recommended a final dividend of Rs 4.50 per equity share with a face value of Rs 10. On a consolidated basis, the company has reported a 39.40% rise in its net profit at Rs 719.18 crore for the fourth quarter ended March 31, 2023, as compared to Rs 515.90 crore for the same quarter in the previous year. The total income of the company increased by 9.97% at Rs 2,228.68 crore for Q4FY23 as compared to Rs 2,026.62 crore for the corresponding quarter previous year. 

While, for the year ended March 31, 2023, on a standalone basis, the company has reported an 8.37% rise in its net profit at Rs 3,833.79 crore as compared to Rs 3,537.71 crore for the previous year. The total income of the company increased by 8.74% at Rs 10,150.90 crore for the year under review as compared to Rs 9,335.40 crore for the year ended March 31, 2022. 

For the year ended March 31, 2023, on a consolidated basis, the company has reported a 12.20% rise in its net profit at Rs 4,234.74 crore as compared to Rs 3,774.33 crore for the previous year. The total income of the company increased by 11.64% at Rs 11,284.90 crore for the year under review as compared to Rs 10,108.26 crore for the year ended March 31, 2022. 

NHPC Limited is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management, construction contracts and consultancy assignment services and trading of power.  

The company has reported fantastic growth in PAT, and investors should add this stock to their watchlist.  

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