NHPC Ltd Q4 results, 16.3 percent decline in net profit
The PSU board has also recommended a final dividend @5% of the face value of Rs 10 per share (Rs 0.50 per equity share) on the paid-up share capital of the Company for the FY 2023-24.
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State-owned NHPC Ltd has announced the quarter end results, reporting a 16.3% year-on-year (YoY) decline in net profit at Rs 549.8 crore for the fourth quarter ending March 31, 2024.
In the corresponding quarter, NHPC Ltd posted a net profit of ?657 crore. The company's revenue from operations dipped 6.9% to Rs 1,888.1 crore as against Rs 2,028.8 crore in the corresponding period of the preceding fiscal as per the company's exchange filing.
At the operating level, EBITDA shot down to 1.4% to Rs 885.4 crore in the fourth quarter of this fiscal over Rs 898.4 crore in the corresponding period in the previous fiscal.
Read Also : R.K. Chaudhary, CMD, NHPC met Chowna Mein, Hon’ble Dy. CM, Arunachal PradeshEBITDA margin is calculated to be at 47% in the reporting quarter as compared to 44.3% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
Read Also : State Coal Minister inaugurates new solar plant at CCL’s Piparwar AreaThe PSU board has also recommended a final dividend @5% of the face value of Rs 10 per share (Rs 0.50 per equity share) on the paid-up share capital of the Company for the FY 2023-24, subject to the approval of shareholders in the ensuing Annual General Meeting.
This is in addition to the interim dividend of Rs 1.40 per equity share for the FY 2023-24 paid in March 2024.
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