NHPC Q4 FY25 results (Jan–Mar 2025) and concall

NHPC reported a mixed financial performance for FY25, with a 17% decline in PAT primarily due to lower generation from the Teesta-V shutdown and higher employee costs. However, Q4 FY25 saw a strong PAT growth of 29% YoY, aided by one-off reversals and increased capacity charges. The company achieved significant operational milestones with the full commissioning of Parbati-II (800 MW) and 107 MW of solar capacity, while also making substantial progress on its large hydro project pipeline, including Subansiri Lower.