The interim dividend announcement of the NHPC took place with its financial results for the quarter ended December 31, 2023. The company’s lower line slipped 52%, making the estimate of analysts missing.
The consolidated lower line fell to Rs 231 crore during the quarter to Rs 231 crore during the year ago. This compares an unanimous estimate of Rs 633 crore from analysts tracked by Bloomberg.
The company recorded a top line of Rs 2,287 crore, with an increase of 11.3% for the quarter under a review of Rs 2,056 crore in a period of year. This compared an unanimous estimate of Rs 2,246 crore of analysts tracked by Bloomberg.
NHPC shares closed at Rs 77.43 at 0.23% lower at Rs 77.43, while the benchmark Nifty has fallen 24.61% in the last 12 months as compared to a decline of 0.18%.
According to Bloomberg data, out of 10 analysts monitoring the company, five maintains a ‘purchase’ rating on stocks, one ‘hold’ and four suggestions ‘sell’. The average of 24%of the price goals of 12 -month analysts is a possible reverse.
(Tagstotransite) NHPC Limited (T) Dividend (T) Earning
