NHPC Share Price Jumps 3% After Q4 Results and Dividend Announcement

Market Reaction to NHPC Q4 Results

NHPC's share price rose by 3% intraday on May 21, reflecting positive investor sentiment after the company announced its Q4 FY24 earnings and a fresh dividend proposal.

The stock of the Navratna PSU saw renewed interest as markets reacted to strong year-on-year growth in revenue and consistent shareholder rewards.

Strong Financial Performance in Q4 FY24

NHPC Limited delivered solid numbers in the March 2024 quarter, showing notable growth in its financials:

Revenue

• ₹2,059 crore in Q4 FY24
• Up 25% YoY from ₹1,649 crore in Q4 FY23

This robust growth in operational revenue highlights NHPC's consistent business performance.

Dividend Update for FY25

NHPC has continued its track record of rewarding shareholders with regular dividends. The company made two key announcements:

• Final Dividend: ₹0.51 per share (5.10% of face value ₹10)
• Interim Dividend (already paid in March 2025): ₹1.40 per share

These payouts reflect the company's commitment to stable returns, subject to shareholder approval at the upcoming AGM.

Conclusion

The recent 3% rise in NHPC share price following the Q4 results and dividend announcement reflects investor confidence in the company's strong financial health and shareholder-friendly approach. With a 25% increase in quarterly revenue and continued dividend payouts, NHPC has maintained steady momentum in FY24.