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NHPC (NHPC) investor relations material
NHPC Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved full commissioning of Parbati-II Hydroelectric Project (800 MW) and Karnisar Solar Power Project (300 MW) in FY 25-26, expanding renewable portfolio.
Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, with review by the Audit Committee and statutory auditors.
Holds 16% share of India's installed hydro capacity, with 8,333 MW operational and 9,704 MW under construction.
Signed multiple MoUs for new pumped storage and renewable projects across several states.
No defaults on loans or debt securities; all covenants for listed debt securities fully complied with.
Financial highlights
H1 FY'26 consolidated revenue from operations: ₹6,579 crore, up 14.5% year-over-year; total income: ₹7,073 crore, up 9.8%.
Consolidated net profit for H1 FY26: ₹2,350.44 crore, up 8.7% year-over-year.
Standalone revenue from operations for Q2 FY26: ₹2,732.11 crore; total income: ₹2,977.43 crore.
Interim dividend payout at 14% and final dividend at 5.1% for FY'25; final dividend of ₹0.51 per share paid in September 2025.
Consolidated net worth as of H1 FY'26: ₹41,240 crore; long-term debt: ₹40,589 crore.
Outlook and guidance
Targeting consolidated capex of ₹13,052 crore for FY 25-26, up from ₹11,596 crore in FY 24-25.
Progressive capacity addition planned, with major hydro and solar projects scheduled for commissioning through FY 30-31.
Tariff petitions for 2019-24 true-up and 2024-29 period filed; unbilled sales recognized pending approval.
Commissioned 800 MW Parbati-II and 214.28 MW Karnisar Solar Power Project in H1 FY26, with additional capacity commissioned in October 2025.
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