NHPC NHPC Q3 FY26 results (Oct–Dec 2025) and concall
NHPC reported strong 9M FY26 results with double-digit growth in generation, revenue, and PAT, driven by new capacity additions. The company is aggressively expanding its hydro, solar, and pumped storage portfolio with substantial Capex plans. While Q3 revenue saw a slight dip due to prior-year one-offs and PAF was lower, management remains confident in project execution, tariff approvals, and future growth despite PPA signing challenges in the solar segment.
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What they filed
Q3 FY26: revenue down 2.9%, net profit down 2.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 3,052 | 2,287 | 2,347 | 3,214 | 3,365 +10% | 2,221 −3% |
| EBITDA | 1,805 | 1,015 | 1,205 | 1,802 | 2,027 +12% | 212 −79% |
| Net profit | 1,060 | 330 | 920 | 1,131 | 1,219 +15% | 321 −3% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
