Profit before tax and regulatory deferral account balances for the quarter was at Rs 930.23 crore, up 38.24% from Rs 672.90 crore posted in Q4 FY23.

During Q4 FY24, total expenses increased 9.82% YoY to Rs 1,393.67 crore. Employee benefits expense was at Rs 403.88 crore (down 11.25% YoY) and finance costs stood at 91.48 crore (down 17.45% YoY) during the period under review.

On the margins front, the PSU company's operating margin rose to 40.84% in Q4 FY24 from 31.71% posted in Q4 FY23. Net profit margin was at 32.36% in Q4 FY24 as compared to 36.74% recorded in the corresponding quarter previous year.

On a full year basis, NHPC's consolidated net profit shed 5.46% to Rs 4,028.01 crore on 9.19% decline in revenue from operations to Rs 9,632.16 crore in FY24 over FY23.

Meanwhile, the company's board has recommended a final dividend of Rs 0.50 per equity share. The firm stated that dividend shall be paid/dispatched within the period as stipulated in the Companies Act, 2013.

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 31 March 2024, the Government of India held 67.40% stake in the company.

Shares of NHPC shed 1.36% to end at Rs 97.89 on Saturday 18 May, 2024.