NHPC shares rose 5% intraday on May 30 as the company reported better results for the quarter ending March 2023.

NHPC posted a 39.2% rise in consolidated net profit to Rs 719.18 crore in Q4FY23, compared to Rs 515.9 crore in the same period last year.

Total revenue rose to Rs 2,228.68 crore from Rs 2,026.62 crore a year earlier.

For the full FY22-23, net profit rose to Rs 4,234.74 crore from Rs 3,774.33 crore in the previous financial year.

Total revenue for the full financial year was Rs 11,284.9 crore, up from Rs 10,108.26 crore in FY22.

The stock hit a 52-week high of Rs 47.88 and a 52-week low of Rs 28.85 on April 27, 2023, and June 20, 2022, respectively.

It trades 8.9% below its 52-week high and 51.2% above its 52-week low. Over the past year, shares have risen 31%.

The board has recommended a final dividend of 4.5% of the face value of Rs 10 per share (Rs 0.45 per share) on the company’s paid-up share capital for FY22-23, subject to approval by shareholders at a subsequent annual general meeting.

This is in addition to the interim dividend of Rs 1.40 per equity share for FY22-23, paid in March 2023.