NHPC's Q2 FY 2025-26 Quarterly Results

Result Summary

• NHPC Ltd reported a 5.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 6.7%.
• Its expenses for the quarter were down by 2.4% QoQ and up 12.4% YoY.
• The net profit increased 7.8% QoQ and increased 14.0% YoY.
• The earnings per share (EPS) of NHPC Ltd stood at 1.02 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

NHPC Ltd is a prominent company in the Indian power sector, primarily engaged in the generation and sale of electricity. The company is known for its focus on hydropower projects, which form the core of its operations. It plays a significant role in contributing to India's renewable energy capacity. NHPC Ltd has been involved in various significant hydropower projects across the country. As a public sector enterprise, NHPC Ltd is under the ownership of the Government of India. The company has been working towards expanding its capacity and optimizing its operations to enhance its contribution to the national grid.

Revenue

In Q2FY26, NHPC Ltd reported a total income of ₹3,629.98 crores, marking a 5.4% increase from ₹3,442.76 crores in Q1FY26, and a 6.7% increase from ₹3,402.09 crores in Q2FY25. This upward trend in revenue reflects the company's operational performance over the observed periods. The consistent rise in total income over the quarters and the year indicates a stable financial flow in the reviewed timeframe. Such an increase in income, on both a quarterly and annual basis, is a noteworthy aspect of NHPC's financial performance during this quarter.

Profitability

NHPC Ltd's profitability is reflected in its profit before tax (PBT) and profit after tax (PAT) figures. For Q2FY26, the company reported a PBT of ₹1,755.18 crores, an increase of 15.6% from ₹1,517.69 crores in Q1FY26, and a 4.8% rise from ₹1,674.15 crores in Q2FY25. The PAT for Q2FY26 stood at ₹1,219.28 crores, showing a 7.8% growth from ₹1,131.16 crores in the previous quarter and a 14.0% increase from ₹1,069.28 crores a year earlier. The tax expense in Q2FY26 was ₹535.99 crores, a significant rise of 38.4% from the previous quarter but a decrease of 11.4% from Q2FY25. These figures highlight the company's ability to maintain profitability while managing its tax liabilities effectively.

Operating Metrics

The operating metrics of NHPC Ltd for Q2FY26 include an earnings per share (EPS) of ₹1.02, which is a slight decrease of 3.8% from ₹1.06 in Q1FY26, but a growth of 13.3% from ₹0.90 in Q2FY25. Total expenses for the quarter were ₹2,057.54 crores, which represents a 2.4% decline from ₹2,108.83 crores in Q1FY26, and an increase of 12.4% from ₹1,831.08 crores in Q2FY25. The reduction in expenses from the previous quarter while maintaining a higher level than the previous year's corresponding quarter, alongside the EPS development, provides insight into the company's cost management and shareholder value generation efforts in the reviewed period.