| 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.
Earnings Call Transcript filed with BSE, NSE: NHPC. Summary written with AI assistance from the document.
NHPC Ltd: 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.
More from NHPC Ltd
All →NHPC Investor Presentation: Key Takeaways
H1 FY27 consolidated revenue ₹8,291 Cr (+26%) and PAT attributable ₹2,645 Cr (+27%); Q2 PAT ₹1,549 Cr (+52%). Hydro pipeline and ₹15,000 Cr FY27 capex plan.
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
NHPC Management Change
NHPC disclosed that Executive Director Shri Vivek Dwivedi's tenure ends on superannuation, effective October 31, 2026. The filing reports no replacement or financial impact.
NHPC Production Started
NHPC declared commercial operation for Unit# 5 (250 MW) of its 2000 MW Subansiri Lower Hydroelectric Project, effective October 23, 2026.
- power generation capacity
- 250.0 MW
NHPC Board Meeting Date
NHPC Ltd has scheduled a board meeting on November 4, 2026, to approve its unaudited financial results. The trading window remains closed until November 6, 2026.
NHPC Debt & Borrowing
NHPC Limited submitted its half-yearly statement of outstanding privately placed debt securities as of September 30, 2026, in compliance with SEBI master circular requirements.