Revenue from operations grew by 21.17% year on year to Rs 2028.77 crore in the quarter ended 31 March 2023.

Profit before tax for the quarter was at Rs 672.90 crore, up 51.92% as against Rs 442.92 crore posted in Q4 FY22.

On the margins front, the PSU company's operating margin improved to 31.71% in Q4 FY23 from 16.45% posted in Q3 FY22. Net profit margin increased to 35.45% in Q4 FY23 as compared to 30.81% recorded in the corresponding quarter previous year.

For the full year, NHPC's consolidated net profit rose 10.4% to Rs 3889.98 crore on 16% increase in revenue to Rs 10,607.40 crore in FY23 over FY22.

Meanwhile, the company's board has recommended final dividend of Re 0.45 per equity share for FY23, subject to approval of shareholders at the ensuing AGM.

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 2023, the Government of India held 70.95% stake in the company.