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Earnings Call

NHPC Earnings Call: Key Takeaways

NHPC reported FY26 revenue of ₹11,615cr (up 12% YoY) and PAT of ₹3,766cr (up 25% YoY) driven by new power station commissioning and favorable tax adjustments.

Why this was an Alfa AlertNot a filter event. Results were positive but management did not state they beat prior guidance by >10%.
Highlights
Revenue growthFY26 revenue up 12% to ₹11,615cr; Q4 up 20% to ₹2,816cr.
MarginsPAT margins improved; FY26 PAT up 25% vs 12% revenue growth.
Order bookImplementing 18GW Pumped Storage Projects at various stages.
Management confidenceHigh; citing cost-plus model and successful commissioning of Subansiri units.

Growth

Generation units grew 16% YoY to 29,619MUs. FY26 PAT increased 25% to ₹3,766cr; Q4 PAT surged 71% to ₹1,460cr.

Outlook

Targeting 2,994MW hydro and 1,190MW solar commissioning in FY27. Regulated hydro equity projected to reach ₹30,672cr by FY27-end.

Risks

Lower Plant Availability Factor (PAF) due to maintenance; hydrological risks like cloudbursts; regulatory delays in final tariff orders.

Source

Earnings Call filed with BSE, NSE: NHPC. Summary written with AI assistance from the document.

Read the document ↗

NHPC Ltd: key numbers

Share price
₹76.00
Market cap
₹76,342 Cr
Revenue (annual)
₹11,615 Cr
Net profit (annual)
₹3,766 Cr
P/E (TTM)
20.1×Sector 25.1×
Promoter holding
61.39%-6.01% QoQ
FII holding
12.29%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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