India's NHPC Ltd., a prominent player in the renewable energy sector, has announced record standalone and consolidated profits after tax (PAT) for the half-year ending September 30, 2023. The company reported its highest ever standalone PAT of INR 2,500 crores ($335 million) and a consolidated PAT of INR 2,583 crores ($346 million). These figures mark an increase from the previous year's INR 2,575 crores ($345 million), showcasing NHPC's financial growth and commitment to sustainability.
The financial results were approved by the NHPC Board on Monday. This announcement reinforces NHPC's position in India's energy landscape and its contribution to the country's energy security. As a key player in India's renewable power sector, which includes wind and solar energy, NHPC is part of an extensive community of over two million industry professionals.
With an installed capacity of 7,097.2 MW across its network of 25 power stations, NHPC holds a significant role in India's energy sector. The company's subsidiaries contribute a substantial portion to this total capacity, providing an additional 1,520 MW. This robust infrastructure further underlines NHPC's commitment to renewable energy and its role in supporting India's transition towards sustainable power sources.
InvestingPro Insights
In light of the recent financial performance of NHPC Ltd., InvestingPro offers some key insights. The company has been a consistent performer, having raised its dividend for 5 consecutive years, which is a testament to its financial stability. This fact is further bolstered by its impressive gross profit margins, which stood at 84.6% in the last twelve months as of Q2 2024.
InvestingPro data also highlights NHPC's market capitalization, which is at a healthy 6202.06M USD. Despite trading at a high P/E ratio relative to near-term earnings growth, the company's revenue growth has been steady, albeit slowing down recently, at 3.85% in the last twelve months as of Q2 2024.
InvestingPro Tips also indicate that NHPC is a prominent player in the Independent Power & Renewable Electricity Producers industry. This aligns with the company's commitment to renewable energy and its role in supporting India's transition towards sustainable power sources.
These insights are just a glimpse of the wealth of information that InvestingPro provides. With over 10 additional InvestingPro Tips and real-time data available, investors can gain a deeper understanding of NHPC's performance and potential.
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