NHPC Limited has informed the Exchange about Transcript
NHPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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%).
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.