NHIIDCL declares financial results; value of work surged to Rs 19309 cr in 2023
The distribution of dividends has also increased from Rs 34.00 crore in FY 2020-21 to Rs 67.47 crore in FY 2022-23, i.e Rs 6.55 per share having a face value of Rs 10.
New Delhi: In the Annual General Meeting held on 22nd December 2023, National Highways and Infrastructure Development Corporation Limited (NHIDCL), a CPSE under the Union Ministry of Road, Transport and Highways declared its financial results, reflecting an impressive performance.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Read Also : MIDHANI Awarded Certificate for Indigenization of Alloys for AL31FP EngineThe value of work executed experienced a significant surge from Rs 14953 crore in 2021-22 to Rs 19309 crore in 2022-23. Demonstrating a robust increase of 42.61%, the revenue has increased from Rs 332.53 crore in FY 2021-22 to Rs 474.22 crore in FY 2022-23. Profit after tax (PAT) reflects a commendable improvement of 98.34%, advancing from Rs 113.29 crore in FY 2021-22 to Rs 224.70 crore in FY 2022-23. Concurrently, the earning per share (EPS) displayed an outstanding growth from Rs 11.00 in FY 2021-22 to Rs 21.82 in FY 2022-23
Read Also : Vigilance Awareness Week-2025, Inaugurated at NLC India LimitedThe distribution of dividends has also increased from Rs 34.00 crore in FY 2020-21 to Rs 67.47 crore in FY 2022-23, i.e Rs 6.55 per share having a face value of Rs 10.
This dividend reflects the company's commitment to providing value to its shareholders and underscores its dedication to prudent financial management, positioning the company on a trajectory of enduring success in the development of Roads and Infrastructure with a special emphasis on the North East Region, Ladakh, Jammu and Kashmir.
Read Also : IIM Jammu inaugurates General Management Programme for Middle Management Professionals (Batch I) of NHPC