NHPC Limited announced Q4 FY2024 Results, consolidated PAT down by 18% while revenue up by 4% on a YOY basis

Tanushree Jaiswal 18th May 2024 - 11:28 am

Synopsis:

NHPC Limited announced its quarterly results for March 2024 on 17th May after market hours. It is a government-owned company and also has the status of “Mini Ratna”. It reported a consolidated PAT of ₹610.93 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 4.11% on a YOY basis reaching ₹ 2320.18 cr. The company also declared a ₹ 0.50 per share dividend.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was up by 4.11% on a YOY basis, reaching ₹ 2320.18 cr from ₹ 2228.68 cr in Q4 FY2023. The quarterly consolidated revenue was down by 9%. NHPC reported a consolidated PAT of ₹ 610.93 cr for Q4 FY2024 against ₹ 745.27 cr in Q4 FY2023, which is a decline of 18.03%. On a quarterly basis, the consolidated PAT was down by 2.79%. EBITDA was also down by 1.4% reaching ₹ 885.4 cr. While its EBITDA margin was 44%.

NHPC Limited
Revenue	Q4 FY24	Q3 FY24	Q4 FY23
	2,320.18	2,549.69	2,228.68

% Change		-9.00%	4.11%
	(Current)	(Q-o-Q)	(Y-o-Y)
PBT	Q4 FY24	Q3 FY24	Q4 FY23
	930.23	822.52	672.90

% Change		13.10%	38.24%
	(Current)	(Q-o-Q)	(Y-o-Y)
PBT M BPS(%)	Q4 FY24	Q3 FY24	Q4 FY23
	40.09	32.26	30.19

% Change		24.28%	32.79%
	(Current)	(Q-o-Q)	(Y-o-Y)
PAT (₹ Cr)	Q4 FY24	Q3 FY24	Q4 FY23
	610.93	628.44	628.44

% Change		-2.79%	-18.03%
	(Current)	(Q-o-Q)	(Y-o-Y)
PAT M BPS (%)	Q4 FY24	Q3 FY24	Q4 FY23
	26.33	24.65	33.44

% Change		6.83%	-21.26%
	(Current)	(Q-o-Q)	(Y-o-Y)
EPS	Q4 FY24	Q3 FY24	Q4 FY23
	0.36	0.40	0.43

% Change		-10.00%	-16.28%
	(Current)	(Q-o-Q)	(Y-o-Y)

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 4,028.01 cr compared to ₹ 4,260.83 cr in FY 2023, down by 5.46%. For FY 2024, its consolidated total revenue stood at ₹ 10,993.91 cr compared to ₹ 11,284.90 cr in FY 2023, down by 2.58%.

NHPC Limited announced a final dividend of ₹ 0.50 per share having a face value of Rs. 10 at 5%. This is an additional dividend in FY2024 as the company also declared a ₹ 1.40 per share interim dividend in March 2024.

About National Hydroelectric Power Corporation (NHPC) Limited
NHPC Limited is a premier Indian organisation in the field of hydropower development. Established in 1975, NHPC has grown into a significant player in the energy sector, particularly in hydropower, and has diversified into other forms of renewable energy like solar, wind, and geothermal power. Its headquarters is located in Faridabad, Haryana, India.

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Tanushree Jaiswal

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