In compliance to Regulation 30 of SEBI LODR, the transcript of the earning conference call with analysts and investors held on May 18, 2026 with respect to the financial results for the ....
NHPC · price
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NHPC reported strong FY'26 results with revenue of Rs. 11,615 Crore (up 12%) and PAT of Rs. 3,766 Crore (up 25%). Power generation increased 16% to 29,619 million units due to commissioning of Parbati-II, part commissioning of Subansiri Lower, and Karnisar Solar. Subansiri Lower has 4 of 8 units operational with remaining 4 expected by March'27. Parbati-II earned Rs. 104 Crore profit in Q4 but posted Rs. 150 Crore loss for full year due to lower generation from cloudburst issues. Teesta-V restoration is underway with generation expected from June'26. Management is targeting 5 hydro projects and 1 pumped storage project to enter construction this fiscal. CERC tariff hearings for Parbati-II are expected by end of June 2026. Company has 18 GW of pumped storage projects at DPR/PFR stage.
NHPC delivered robust profit growth driven by new project commissioning. However, investors should note ongoing revenue under-recovery at Parbati-II and Subansiri Lower due to pending CERC tariff approvals, and PAF decline to 74.75% from 78.87% due to maintenance at some stations.