State-owned hydropower company NHPC Ltd has reported nearly 13% year-on-year (YoY) decline in its consolidated net profit. 776 crore for the third quarter ending December 2022 for the current financial year (Q3 FY23) as compared to Rs. 888 crore in the year-ago quarter. NHPC shares were trading down about one per cent 40 on BSE on Wednesday at Rs.
its total income increased 2,582 crore in the quarter, up nearly 20% from 2,156 crores a year ago while expenditure increased 1,303 crore to 1,259 crore in the year-ago period.
The board of the company has also declared an interim dividend at the rate of 14 per cent. 1.40 per equity share) on the face value of paid-up equity shares 10 each for the financial year 2022-23.
“interim payment Dividend @ 14% ( 1.40/- per equity share) on the face value of paid-up equity shares 10/- for each financial year 2022-23. As per Regulation 42 of SEBI LODR, the Board has fixed 17.02.2023 as the record date for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend. The interim dividend will be paid/remitted within the period prescribed in the Companies Act, 2013,” the company informed in an exchange filing.
NHPC declares equity dividend 1.81 per share over the past 12 months and at the current share price, this results in a dividend yield of 4.50%, according to data from stock analytics platform Trendline.
NHPC Limited (formerly known as National Hydroelectric Power Corporation Limited) was incorporated in 1975 under the Companies Act, 1956. The company is mandated to plan, promote and organize integrated development of power in all its aspects through conventional and non-conventional sources. in India and abroad. NHPC shares have gained over 36% in a span of one year.
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