India · Delayed Price · Currency is INR NHPC Limited Earnings Call Transcripts
Fiscal Year 2026
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Power generation and revenue grew strongly year-over-year, driven by new hydro and solar capacity additions. Major projects are on track, with significant CapEx planned and a robust pipeline in both hydro and renewables. Conservative revenue recognition for new projects and evolving PPA dynamics in renewables present near-term challenges.
Fiscal Year 2025
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FY 2025 saw 7% revenue growth but a 17% PAT decline due to lower generation and one-offs. Major hydro and solar projects were commissioned, with significant progress on Subansiri and Dibang. Dividend payout stood at 19.1% of face value.
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H1 FY25 saw an 11% drop in power generation and a 23% decline in PAT due to plant outages and lower water availability. Major hydro and solar projects are progressing, with Subansiri Lower and Parvati-II nearing commissioning. Regulated equity is set to more than double by FY28.