State-owned NHPC Ltd on Monday (February 13) reported a 30.1% year-on-year (YoY) dip in net profit at ₹546.1 crore for the third quarter that ended December 31, 2023.
In the corresponding quarter last year, NHPC posted a net profit of ₹781.6 crore, the company said in a regulatory filing. The company's revenue from operations declined 25.3% to ₹1,697 crore as against ₹2,272.2 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA slumped 70.3% to ₹438.3 crore in the third quarter of this fiscal over ₹1,475.1 crore YoY.
The EBITDA margin stood at 25.8% in the reporting quarter against 65% in the year-ago period. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The board of directors has approved the payment of interim dividend at the rate of 14% (₹1.40 per equity share) on the face value of paid-up equity shares of ₹10 each for the financial year 2023-24.
The board has fixed February 22, 2024, as the record date for the purpose of ascertaining the eligibility of shareholders for payment of interim dividends. The interim dividend shall be paid/dispatched within the period as stipulated in the Companies Act, 2013.
Shares of NHPC Ltd ended at ₹81.03, down by ₹15.22, or 15.81%, on the BSE.
