NHPC share price falls nearly 3% ahead of dividend record date. Buy or wait? | Stock Market News
Falling for the third consecutive session, NHPC share price declined nearly 3 per cent in intraday trade on Monday, February 10, reacting to the PSU company’s December quarter (Q3FY25) earnings and dividend announcement. NHPC share price opened at ₹76.11 against its previous close of ₹77.43 and dropped 2.7 per cent to the level of ₹75.35. Around 12:15 PM, the PSU stock traded 2.58 per cent down at ₹75.43.
NHPC dividend record date
NHPC’s board has approved payment of interim dividend at the rate of 14 per cent — ₹1.40 per equity share — on the face value of paid-up equity shares of ₹10 each for 2024-25.
NHPC’s board has fixed Thursday, February 13, 2025, as the record date for ascertaining shareholders’ eligibility for payment of the said interim dividend.
NHPC Q3 result
After market hours on Friday, February 7, NHPC reported a steep decline of 52.5 per cent in net profit to ₹231 crore primarily due to higher expenses, compared to ₹486.7 crore in the corresponding period last year.
The company’s revenue from operations rose 11.3 per cent to ₹2,286.8 crore, compared to ₹2,055.5 crore in the year-ago period. The PSU’s total expenses rose to ₹2,217.51 crore during the quarter from ₹1,733.01 crore a year ago.
More to come…
