NHPC shares dip after decline in Q4 net profit, ₹0.5 dividend announcement

Shares of National Hydroelectric Power Corporation (NHPC) Ltd dipped during the special trading session on Saturday, May 18, after the company posted weak quarterly results a day earlier.

Towards the closing bell, the shares partially recovered to settle 1.5% lower at ₹97.75 apiece.

Despite the slump seen in today's trading session, it must be noted that NHPC shares have grown manifold in the last one year period, surging at a rate of 121%. In 2024 so far, the stock has rallied by 47%.

NHPC Q4 results

The market seemed unimpressed with the March 2024 quarter results of NHPC. The state-run hydro power giant posted a consolidated net profit of ₹610.9 crore, down 18% from ₹745.3 crore in the March 2023 quarter.

The revenue from operations came in at ₹1,888.14 crore in Q4FY24, marking a decline of 7% from ₹2,028.7 crore in Q4FY23.

The company declared a dividend of ₹0.5 per equity share, at 5% of face value of ₹10 per share, for the fiscal year ended March 31, 2024. This is in addition to the interim dividend of ₹1.4 per equity share for FY24 paid in March 2024, a regulatory filing added.