NHPC Limited has submitted to the Exchange, the financial results for the quarter and year ended March 31, 2026.
NHPC · price
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NHPC Limited reported standalone revenue from operations of ₹10,328 crore for FY 2025-26, up 14.8% from ₹8,994 crore in the prior year. Profit after tax stood at ₹3,618 crore, growing 17.3% from ₹3,084 crore. The company commissioned 1,850 MW of new capacity during the year (800 MW Parbati-II, 300 MW Karnisar Solar, and 750 MW of Subansiri Lower). Joint Statutory Auditors issued an unmodified (clean) opinion. Deferred tax expense reduced by ₹1,156.60 crore due to exercise of concessional tax rate option under Section 200(5) of Income Tax Act from FY 2026-27. Board recommended final dividend of ₹0.21 per share, bringing total dividend to ₹1.61 per share (16.1% of face value). Company plans to raise up to ₹2,000 crore via AI Series Bonds through private placement.
Revenue and profit growth are solid but below high-growth thresholds. EBITDA margin compressed to 37% from 41.7% YoY due to higher depreciation and finance costs from new project commissioning. Increased debt (₹46,324 crore vs ₹38,019 crore) pushed debt-equity ratio above 1.0, warranting monitoring. Clean audit and dividend continuity are positives for income-focused investors.