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NHPC Ltd

Q1 FY26Power

NHPC Q1 FY26: Revenue ₹3365.26 Cr, PAT ₹1,219.28 Cr

Q1 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹76
Market cap₹77.3K Cr
P/E20.4
Updated24 Sept 2026
Read5 min read

Based on NHPC Ltd's Q1 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Revenue from Operations for Q2 FY'26: ₹3365.26 Cr, up 10.27% YoY from ₹3051.93 Cr in Q2 FY'25 (Page 8) - Total Income for Q2 FY'26: ₹3629.98 Cr, up 6.70% YoY from ₹3402.09 Cr in Q2 FY'25 (Page 8) EBITDA (Quarter 2 FY’26): ₹4,325 Cr (H1 FY’26 consolidated); no quarter-specific EBITDA given but half-year figure provided.

From NHPC Ltd's Q1 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Revenue from Operations for Q2 FY'26: ₹3365.26 Cr, up 10.27% YoY from ₹3051.93 Cr in Q2 FY'25 (Page 8)
  • Total Income for Q2 FY'26: ₹3629.98 Cr, up 6.70% YoY from ₹3402.09 Cr in Q2 FY'25 (Page 8)
  • NHDC (subsidiary) revenue from operations in H1 FY’26: ₹878.44 Cr, up 10.67% YoY from ₹793.77 Cr in H1 FY’25 (Page 15)
  • Actual generation in the standalone segment: Not explicitly provided for Q2, but consolidated generation increased from 4473 MU (FY24) to 5575 MU (FY25) indicating volume growth (Page 14)

2 more points management made on revenue & sales performance

Profitability & Margins

See what NHPC Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Total Installed Capacity: 8,333 MW (7,771 MW Hydro + 562 MW Renewable) across 30 power stations (Page 4).
  • Hydro Projects Under Construction (Total 8,514 MW, Cost ₹67,055.82 Cr):
  • Subansiri Lower (2,000 MW): Completion first 4 units FY25-26, remaining FY26-27 (Cost ₹27,948.52 Cr).
  • Teesta VI (500 MW): Expected FY27-28 (Cost ₹8,448.74 Cr).
  • Dibang (2,880 MW): Expected FY31-32 (Cost ₹31,876.39 Cr).
  • Others: Rangit-IV, Kiru, Pakal Dul, Kwar, Ratle with staggered completion from FY26 to FY30 (Page 20-21).
  • Solar Projects Under Construction (6,400 MW, various tariffs and commissioning 2025-27):
  • 600 MW Gujarat (2026-27), 100 MW Andhra Pradesh (Dec 2025), 50 MW Kerala (March 2026), etc. (Page 30-33).
  • Solar Projects Pipeline (~16,720 MW) under PPA/PSA with LOA issued; commissioning starting 2024-25 onwards (Page 34).
  • Battery Storage Projects (1,500 MWh) under BESSA with LOA issued; completion by 2026-27 (Page 35).
  • Subsidiary Solar Projects (161.7 MW) commissioned 2023-25 at tariffs ~₹2.68-4.45/unit (Page 48).
  • Capital Expenditure:
  • FY24-25: ₹11,596 Cr (Actual Consolidated).

2 more points management made on capital expenditure plans

Top-ranked in Power

Ranked on what management guided this quarter

5x potential
1Insolation Ener
Rev 1Mar 1
2ACME Solar Hold.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what NHPC Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation reports the following regarding order book, order inflow, or pending orders: - Solar Projects under PPA/PSA (As Intermediary Procurer) totaling 16,720 MW with Letters of Award issued; PPA & PSA signing in process or planned (Page 34). - Solar Projects under Tender and Pipeline (Subsidiary - BSUL) totaling 1,445 MW capacity with expected commissioning in Dec 2026 - Mar 2027; awaiting consents for power procurement (Page 32).

2 more points management made on order book & pipeline

NHPC Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.8K Cr, net profit ₹1.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were NHPC Ltd Q1 FY26 results?

Revenue from Operations for Q2 FY'26: ₹3365.26 Cr, up 10.27% YoY from ₹3051.93 Cr in Q2 FY'25 (Page 8) - Total Income for Q2 FY'26: ₹3629.98 Cr, up 6.70% YoY from ₹3402.09 Cr in Q2 FY'25 (Page 8) EBITDA (Quarter 2 FY’26): ₹4,325 Cr (H1 FY’26 consolidated); no quarter-specific EBITDA given but half-year figure provided.

What is NHPC Ltd share price analysis?

NHPC Ltd currently shows a neutral. The stock trades at a P/E of 20.4 with a market cap of ₹77,297 Cr. Investors should review the full earnings analysis for detailed insights.

Is NHPC Ltd planning capital expenditure?

Total Installed Capacity: 8,333 MW (7,771 MW Hydro + 562 MW Renewable) across 30 power stations (Page 4). - Hydro Projects Under Construction (Total 8,514 MW, Cost ₹67,055.82 Cr): - Subansiri Lower (2,000 MW): Completion first 4 units FY25-26, remaining FY26-27 (Cost ₹27,948.52 Cr). - Teesta VI (500 MW): Expected FY27-28 (Cost ₹8,448.74 Cr). - Dibang (2,880 MW): Expected FY31-32 (Cost ₹31,876.39 Cr). - Others: Rangit-IV, Kiru, Pakal Dul, Kwar, Ratle with staggered completion from FY26 to FY30 (Page 20-21). - Solar Projects Under Construction (6,400 MW, various tariffs and commissioning 2025-27): - 600 MW Gujarat (2026-27), 100 MW Andhra Pradesh (Dec 2025), 50 MW Kerala (March 2026), etc.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.