NHPC second quarter results announced in real time: profit fell 45.1% year-on-year

NHPC second quarter results live broadcast: NHPC announced its second quarter results on November 7, 2024. The report showed that although profits fell sharply by 45.1% compared with the same period last year, revenue increased by 4.12% year-on-year. Compared with the previous quarter, revenue increased by 13.28%, but profits fell by 14.37%.

The company’s selling, general and administrative expenses increased by 8.99% month-on-month and 5.47% year-on-year, indicating that rising operating costs may affect profitability.

However, NHPC’s operating income showed a positive trend, increasing by 29.78% month-on-month and 3.49% year-on-year, reflecting stronger operating performance despite lower profits.

Second quarter earnings per share (EPS) were $0.9, a year-on-year decrease of 41.56%, further highlighting the challenges faced by the company in maintaining profitability.

In terms of stock performance, NHPC returned 2.32% last week but has lost 9.75% over the past six months, despite having returned 30.84% ​​year-to-date.

As of now, NHPC has a market capitalization of $84,900.63 Crore, a new 52-week high $118.4, the lowest is $50.8, reflecting the large fluctuations in its share price.

As of November 8, 2024, analysts covering NHPC were split: 2 analysts assigned a Strong Sell rating, 1 assigned a Sell rating, 1 assigned a Hold rating, and 2 recommended Buy, while 2 other analysts rate the stock a Hold. Strong Buy rating. The consensus recommendation is to maintain the hold.