NHPC Q4 FY26 results (Jan–Mar 2026) and concall

Power · Concall AI · Call held 18 May 2026

Company page: NHPC share price, financials & guidance record

NHPC Ltd reported robust financial performance for Q4 and FY26, with significant year-on-year growth in both revenue and PAT, largely attributable to new project commissioning. Despite a decline in Plant Availability Factor and increased finance and other expenses, the company is actively progressing on a substantial pipeline of hydro and solar projects, with several expected to be commissioned in the near future. Regulatory clarity on tariffs for key projects like Parbati-II and Subansiri Lower is anticipated soon.

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What they filed

Q4 FY26: revenue up 20.0%, net profit up 68.4% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	3,052	2,287	2,347	3,214	3,365 +10%	2,221 −3%	2,816 +20%
Expenses	1,247	1,272	1,142	1,412	1,338	2,009	2,179
EBITDA	1,805	1,015	1,205	1,802	2,027 +12%	212 −79%	637 −47%
Margin	59%	44%	51%	56%	60%	10%	23%
Other income	454	365	265	413	448	1,449	306
Interest	308	649	-12	261	278	310	574
Depreciation	285	297	315	436	441	457	642
Profit before tax	1,666	434	1,167	1,518	1,755 +5%	894 +106%	-274 −123%
Tax rate	36%	24%	21%	26%	31%	64%	-666%
Net profit	1,060	330	920	1,131	1,219 +15%	321 −3%	1,549 +68%
EPS	0.90	0.23	0.85	1.06	1.02	0.22	1.45

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.

What they filed

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