The call ran from 11:00 AM to 12:04 PM IST (1 h 4 min).
Key takeaways
Q2 FY27 revenue ₹4,482 Cr (+33%), PAT ₹1,549 Cr (+52%), driven by Subansari commissioning and generation gains. Reported PAT absorbs a ₹231 Cr Tista-4 provision; debt ₹59,000 Cr and receivables ₹4,283 Cr remain soft spots.
| Revenue growth | Q2 +33%, H1 +26%; commissioning-led, Subansari and generation gains. |
|---|---|
| Margins | Finance cost +115% H1; ₹231 Cr Tista-4 provision dampens Q2. |
| Demand visibility | Solar offtake uncertain; ~5,000 MW may lack PPAs. |
| Management confidence | Assertive on timelines; defensive on debt and receivables. |
Growth
Q2 revenue +33%, PAT +52%; H1 revenue +26%, PAT +27%. Commissioning-led, with Subansari adding ₹132 Cr PBT in Q2.
Outlook
PAT target ~₹6,000 Cr in FY28 (conservative); capex ₹14,300 Cr FY27, ₹14,000–15,000 Cr next year; Subansari annual AFC ~₹5,500 Cr.
Risks
Receivables jumped to ₹4,283 Cr from ₹2,630 Cr (Mar-26); debt ₹59,000 Cr; finance cost up 115% in H1. Subansari and Parvati-2 tariffs still interim/pending.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
NHPC Q2 FY27 Results: Net Profit ₹1,658 Cr, Up 35.9% YoY
NHPC Ltd reported revenue from operations of ₹4,483 Cr (+33.2% YoY) and net profit of ₹1,658 Cr (+35.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹1,658 Cr · +35.9% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 2,994MW hydro and 1,190MW solar commissioning in FY27. Regulated hydro equity projected to reach ₹30,672cr by FY27-end.
Growth they described
Generation units grew 16% YoY to 29,619MUs. FY26 PAT increased 25% to ₹3,766cr; Q4 PAT surged 71% to ₹1,460cr.
Call details
| Company | NHPC Limited |
|---|---|
| NSE symbol | NHPC |
| ISIN | INE848E01016 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 11:00 AM IST |
| Length | 1 h 4 min |
NHPC Limited: key numbers
- Share price
- ₹82.08
- Market cap
- ₹82,450 Cr
- Revenue (annual)
- ₹11,615 Cr
- Net profit (annual)
- ₹3,766 Cr
- P/E (TTM)
- 19.1×Sector 21.9×
- Promoter holding
- 61.39%+0.00% QoQ
- FII holding
- 13.17%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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