The company's profit before tax stood at Rs 1243.29 crore in the first quarter, rising 4.69% from Rs 1187.62 crore recorded in the corresponding quarter previous year.

Total expenses spiked 25.11% to Rs 1,748.47 crore in Q1 FY23 over Q1 FY22. Finance costs stood at Rs 136.68 crore (up 1.85 % YoY) while employee Benefits expense stood at Rs 339.21 crore (down 3.6% YoY).

On the margins front, the PSU company's operating margin declined to 43.89% in Q1 FY23 from 49.76% posted in Q1 FY22. Net profit margin, however, reduced to 37.84% in Q1 FY23 as compared to 40.66% recorded in Q1 FY23.

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 30 June 2022, the Government of India held 70.95% stake in the company.

Shares of NHPC slipped 3.14% to settle at Rs 33.95 on the BSE today.