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NHPC Q4 profit grows 39% to Rs 719 cr; dividend of Rs 4.50 announced

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NewsDrum Desk
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NHPC India

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New Delhi: NHPC has posted 39.40 per cent growth in consolidated net profit at Rs 719.18 crore for March quarter 2022-23 helped by higher income.

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It had clocked a net profit of Rs 515.90 crore during January-March 2021-22, the company said in a regulatory filing on Monday.

Total income also rose to Rs 2,228.68 crore from Rs 2,026.62 crore in the year-ago quarter.

For the entire 2022-23, net profit increased to Rs 4,234.74 crore from Rs 3,774.33 crore in previous fiscal year.

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Total income during the entire fiscal year was at Rs 11,284.90 crore, higher than Rs 10,108.26 crore in FY22.

The board has also approved a final dividend of Rs 4.50 per share of face value of Rs 10 each for FY23.

NHPC, under Ministry of Power, is India's largest hydropower producer.

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