NHPCNSENHPC Limited· PowerMediumNeutral
Announced Mon, 25 May · 17:39 IST

NHPC Limited has informed the Exchange about Transcript

Order Pipeline DisclosedInvestor Communications View source PDF

NHPC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹79.00
prior close
₹79.02
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.4-0.3-0.3+2.5-0.6-2.5-8.9-5.4-5.2-5.8+3.3+0.8
Up moveDown movePending
AI summary

NHPC reported FY'26 revenue of Rs. 11,615 crore (up 12% YoY) and PAT of Rs. 3,766 crore (up 25% YoY), driven by commissioning of Parbati-II and partial commissioning of Subansiri Lower. Power generation rose 16% to 29,619 million units. PAF declined to 74.75% from 78.87% due to maintenance shutdowns. Subansiri Lower has 4 of 8 units commissioned; 4 more expected by March'27. Major projects advancing: Dibang (2,880 MW, dam package Rs. 14,446 crore awarded April'26), Teesta-VI (72% complete, Sep'29), Pakal Dul (80% complete, Q4 FY'27), Kiru (82% complete, Q4 FY'27). Cabinet approved Rs. 26,070 crore Kamala HE Project (1,720 MW). Management targets 5 projects to construction stage in FY'27 including Etalin, Sawalkot and Kamala, plus Indira Sagar-Omkareshwar PSP (640 MW). Parbati-II tariff petition hearing on May 25, order expected by June 30. Teesta-V restoration expected June'26. Dividend recommended at Rs. 1.61/share (16.10%).

Likely market impact

Strong profit growth driven by new project commissioning; key risk is delayed tariff adoption for Parbati-II and Subansiri Lower creating revenue under-recovery of ~Rs. 450 crore, and rising finance costs and depreciation amid multiple large projects under construction.