Indian Economy News

NHPC’s Profit After Tax (PAT) up 8%; The Power ‘Mini Ratna’ reports PAT of US$ 463.8 million (Rs. 3,834 crore) during FY23

NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has declared its Audited Financial Results for FY23 with the approval of its Board of Directors.

The Company has reported Profit After Tax (PAT) of US$ 463.8 million (Rs. 3,834 crore) on standalone basis in FY23 against US$ 427.9 million (Rs. 3,538 crore) for the last fiscal, which is higher by 8%. Consolidated Net Profit for 2022-23 stood at US$ 470.6 million (Rs. 3,890 crore) compared to US$ 426.3 million (Rs. 3,524 crore) in 2021-22, thereby registering an increase of 10%. NHPC Power Stations achieved generation of 24,907 Million Units (MUs) in FY23.

The Board of Directors recommended final dividend of Rs. 0.45 per Equity share for FY23 in addition to interim dividend of Rs. 1.40 per share. Accordingly, total dividend for FY23 is Rs. 1.85 per share.

NHPC presently has an installed capacity of 7,097.2 Megawatt (MW) from 25 power stations and is presently engaged in the construction of 16 projects aggregating to a total installed capacity of 10,489 MW. It also has 12 Projects with aggregate capacity of 5,882 MW under clearance stage and 2 projects with aggregate capacity of 890 MW in Survey & Investigation stage.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.