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.
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The 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
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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.
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