In the Annual General Meeting held today, 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. The value of work executed experienced a significant surge from ₹ 9072 crore in 2020-21 to ₹ 19309 crore in 2022-23. Demonstrating a robust Compound Annual Growth Rate (CAGR) of 42.21%, the revenue has increased from ₹ 234.46 crore in FY 2020-21 to ₹ 474.22 crore in FY 2022-23. Profit after tax (PAT) reflects a commendable CAGR-led progression of 63.21%, advancing from ₹ 84.35 crore in FY 2020-21 to ₹ 224.70 crore in FY 2022-23. Concurrently, the earning per share (EPS) displayed an outstanding growth from ₹ 8.19 in FY 2020-21 to ₹ 21.82 in FY 2022-23.
The distribution of dividends has also exhibited a consistent upward trajectory, experiencing a CAGR-driven growth of 61.09% from ₹ 26 crore in FY 2020-21 to
₹ 67.47 crore in FY 2022-23, i.e ₹ 6.55 per share having a face value of ₹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.
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MJPS/NSK