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NHPC Limited Q4 FY26 earnings call summary

NSE: NHPC · BSE: 533098

Earnings call of 18 May 2026, summarised by AI from the filing.

NHPC FY26 revenue ₹11,615 cr, PAT ₹3,766 cr; four Subansiri units commissioned, four more by March 2027.

Key takeaways

  1. Change Four Subansiri units commissioned; remaining four by March'27.
  2. Driver Generation up 16% on Parbati-II, Subansiri part commissioning, Karnisar Solar.
  3. Risk Cost overrun inherent in hydro projects due to price variation and time overrun.

Original filing on BSE

NHPC Limited Q1 FY27 results

As filed: Revenue ₹3,808 cr (+18% year on year), EBITDA ₹2,352 cr (+31% year on year), PAT ₹1,178 cr (+4% year on year), EBITDA margin 61.8% (+570 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹2,816 cr (+20% year on year), EBITDA ₹1,196 cr (+10% year on year), PAT ₹1,549 cr (+68% year on year), EBITDA margin 42.5% (−401 bps). Score 66 of 100, Above trend. Revenue and profit growth were well above the company's own trend; EBITDA growth was in line with it. EBITDA margin fell 401 bps year on year. Other income 107% of PBT. Tax rate -641%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −3.9% in 28 days (Nifty 500: +0.3%).
  • Q3 FY26: Revenue ₹2,221 cr (−3% year on year), EBITDA ₹212 cr (−79% year on year), PAT ₹321 cr (−3% year on year), EBITDA margin 9.5% (−1,000 bps). Score 28 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was well below it; profit growth was in line with it. EBITDA margin fell 1000 bps year on year. Revenue fell 34% from last quarter. Share price after the results: −5.5% in 30 days (Nifty 500: −4.5%).
  • Q2 FY26: Revenue ₹3,365 cr (+10% year on year), EBITDA ₹2,026 cr (+13% year on year), PAT ₹1,219 cr (+14% year on year), EBITDA margin 60.2% (+126 bps). Score 58 of 100, In line with trend. Revenue and profit growth were above the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 126 bps year on year. Share price after the results: −7.0% in 29 days (Nifty 500: +1.4%).
  • Q1 FY26: Revenue ₹3,214 cr (+19% year on year), EBITDA ₹1,802 cr (+23% year on year), PAT ₹1,131 cr (+2% year on year), EBITDA margin 56.1% (+180 bps). Score 64 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin rose 180 bps year on year. Share price after the results: −1.9% in 30 days (Nifty 500: +2.4%).
  • Q4 FY25: Revenue ₹2,347 cr (+24% year on year), EBITDA ₹1,091 cr (+23% year on year), PAT ₹920 cr (+51% year on year), EBITDA margin 46.5% (−39 bps). Score 79 of 100, Above trend. Revenue and profit growth were well above the company's own trend; EBITDA growth was above it. EBITDA margin fell 39 bps year on year. Other income 29% of PBT. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −6.6% in 30 days (Nifty 500: +0.8%).
  • Q3 FY25: Revenue ₹2,287 cr (+11% year on year), EBITDA ₹1,022 cr (+42% year on year), PAT ₹330 cr (−47% year on year), EBITDA margin 44.7% (+962 bps). Score 53 of 100, In line with trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was well below it. EBITDA margin rose 962 bps year on year. Other income 83% of PBT. Revenue fell 25% from last quarter.
  • Q2 FY25: Revenue ₹3,052 cr (+4% year on year), EBITDA ₹1,799 cr (+2% year on year), PAT ₹1,069 cr (−37% year on year), EBITDA margin 58.9% (−100 bps). Score 23 of 100, Below trend. EBITDA margin fell 100 bps year on year. Tax rate 39%. Not enough history for a trend yet: scored on growth alone. Profit fell 4% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

NHPC Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.