NHPC Share Price Soars as Company Announces Fourth Quarter Results šš°
India’s leading public sector energy company, NHPC Limited, has announced its fourth quarter results. The company’s revenue and profits have seen a combined dip, with a 16% decrease in profits and a 7% decrease in revenue. There has also been a sharp decline in margins. The share closed at ā¹100, tripling investors’ money in just two years.
According to data available on the BSE website, NHPC’s consolidated profit has decreased by 16.3% to ā¹549.8 crore. The company’s revenue has dropped by 6.9% to ā¹1,888 crore. Operating profit has also decreased by 1.4% to ā¹885 crore. However, operating profit margins have increased from 31.71% to 40.84%. Net profit margins have decreased from 36.74% to 32.36%.
NHPC is the country’s largest hydroelectric power company, also working in the solar and wind energy sectors. The company has also declared a dividend along with the results. A dividend of 5% or 50 paise per share has been announced at a price of ā¹10. Record date and payment date information is currently not available. NHPC has given an interim dividend of ā¹1.40 for FY24, with total dividends increasing to ā¹1.90 for FY24. The dividend yield is 1.85%.
NHPC’s share closed at ā¹100. On February 5, 2024, the stock hit a new all-time high of ā¹116. This week, the company’s share price has risen by 5%.
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