Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of NHPC Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,029 | 2,757 | 2,931 | 2,056 | 1,887 | 2,694 | 3,052 | 2,287 | 2,347 | 3,214 | 3,365 | 2,221 | 2,816 |
| Expenses + | 1,141 | 1,253 | 1,163 | 1,303 | 735 | 1,085 | 1,247 | 1,272 | 1,142 | 1,412 | 1,338 | 2,009 | 2,179 |
| Operating Profit | 888 | 1,505 | 1,768 | 752 | 1,152 | 1,609 | 1,805 | 1,015 | 1,205 | 1,802 | 2,027 | 212 | 637 |
| OPM % | 44% | 55% | 60% | 37% | 61% | 60% | 59% | 44% | 51% | 56% | 60% | 10% | 23% |
| Other Income + | 425 | 292 | 261 | 587 | 623 | 431 | 454 | 365 | 265 | 413 | 448 | 1,449 | 306 |
| Interest | 111 | 109 | 116 | 133 | 365 | 244 | 308 | 649 | -12 | 261 | 278 | 310 | 574 |
| Depreciation | 304 | 294 | 295 | 296 | 299 | 296 | 285 | 297 | 315 | 436 | 441 | 457 | 642 |
| Profit before tax | 898 | 1,394 | 1,618 | 909 | 1,111 | 1,500 | 1,666 | 434 | 1,167 | 1,518 | 1,755 | 894 | -274 |
| Tax % | 17% | 21% | -5% | 31% | 46% | 27% | 36% | 24% | 21% | 26% | 31% | 64% | -666% |
| Net Profit + | 745 | 1,095 | 1,693 | 623 | 605 | 1,102 | 1,060 | 330 | 920 | 1,131 | 1,219 | 321 | 1,549 |
| EPS in Rs | 0.65 | 1.03 | 1.54 | 0.48 | 0.54 | 1.02 | 0.90 | 0.23 | 0.85 | 1.06 | 1.02 | 0.22 | 1.45 |
Financials of NHPC Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 8,221 | 8,354 | 8,623 | 7,755 | 8,983 | 10,008 | 9,648 | 9,144 | 10,607 | 9,631 | 10,380 | 11,615 |
| Expenses + | 3,087 | 3,571 | 3,739 | 3,508 | 4,002 | 5,152 | 4,371 | 5,131 | 4,423 | 4,695 | 4,957 | 6,379 |
| Operating Profit | 5,134 | 4,783 | 4,884 | 4,248 | 4,981 | 4,856 | 5,277 | 4,013 | 6,184 | 4,936 | 5,423 | 5,236 |
| OPM % | 62% | 57% | 57% | 55% | 55% | 49% | 55% | 44% | 58% | 51% | 52% | 45% |
| Other Income + | 1,597 | 1,174 | 2,245 | 1,185 | 1,733 | 901 | 1,087 | 981 | 743 | 2,030 | 1,726 | 2,057 |
| Interest | 1,296 | 1,160 | 1,133 | 924 | 896 | 877 | 577 | 586 | 475 | 767 | 1,189 | 1,423 |
| Depreciation | 1,715 | 1,432 | 1,462 | 1,469 | 1,658 | 1,614 | 1,292 | 1,190 | 1,215 | 1,184 | 1,193 | 1,976 |
| Profit before tax | 3,718 | 3,365 | 4,535 | 3,040 | 4,159 | 3,266 | 4,495 | 3,217 | 5,237 | 5,015 | 4,767 | 3,894 |
| Tax % | 25% | 30% | 23% | 8% | 32% | -2% | 20% | -17% | 19% | 20% | 28% | -8% |
| Net Profit + | 2,798 | 2,365 | 3,480 | 2,785 | 2,836 | 3,345 | 3,600 | 3,774 | 4,261 | 4,000 | 3,412 | 4,220 |
| EPS in Rs | 2.25 | 1.85 | 2.95 | 2.45 | 2.58 | 2.87 | 3.26 | 3.51 | 3.89 | 3.58 | 2.99 | 3.75 |
| Dividend Payout % | 27% | 81% | 61% | 57% | 56% | 52% | 49% | 52% | 48% | 53% | 64% | 43% |
Financials of NHPC Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11,071 | 11,071 | 10,259 | 10,259 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 |
| Reserves | 19,687 | 20,572 | 18,756 | 19,782 | 20,753 | 21,336 | 23,008 | 24,876 | 26,916 | 28,624 | 29,623 | 31,392 |
| Borrowings + | 20,584 | 19,938 | 19,227 | 18,602 | 19,066 | 23,226 | 23,365 | 26,096 | 29,540 | 32,561 | 39,557 | 52,327 |
| Other Liabilities + | 10,094 | 11,242 | 11,946 | 14,290 | 16,870 | 16,669 | 16,717 | 16,271 | 19,710 | 21,037 | 23,455 | 26,247 |
| Total Liabilities | 61,436 | 62,823 | 60,187 | 62,933 | 66,734 | 71,277 | 73,136 | 77,288 | 86,211 | 92,267 | 102,680 | 120,011 |
| Fixed Assets + | 27,916 | 22,610 | 22,227 | 21,201 | 24,977 | 24,402 | 21,993 | 21,825 | 22,137 | 21,474 | 22,168 | 50,494 |
| CWIP | 16,378 | 16,742 | 17,588 | 19,087 | 15,037 | 17,180 | 19,167 | 22,522 | 31,357 | 39,798 | 50,601 | 34,744 |
| Investments | 1,020 | 606 | 1,020 | 1,125 | 1,283 | 1,398 | 1,842 | 2,386 | 499 | 479 | 444 | 440 |
| Other Assets + | 16,123 | 22,866 | 19,352 | 21,520 | 25,437 | 28,297 | 30,133 | 30,554 | 32,218 | 30,516 | 29,467 | 34,333 |
| Total Assets | 61,436 | 62,823 | 60,187 | 62,933 | 66,734 | 71,277 | 73,136 | 77,288 | 86,211 | 92,267 | 102,680 | 120,011 |
Financials of NHPC Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 4,061 | 5,971 | 8,329 | 4,696 | 3,824 | 2,993 | 5,070 | 4,590 | 4,705 | 7,252 | 5,026 | 3,294 |
| Cash from Investing Activity + | -768 | -746 | -1,864 | -886 | -1,182 | -2,987 | -1,607 | -3,084 | -4,191 | -5,940 | -7,550 | -11,139 |
| Cash from Financing Activity + | -2,494 | -4,000 | -7,812 | -3,863 | -2,637 | 12 | -3,058 | -638 | -795 | -924 | 1,904 | 8,928 |
| Net Cash Flow | 798 | 1,224 | -1,347 | -53 | 5 | 17 | 405 | 867 | -281 | 388 | -620 | 1,082 |
| Free Cash Flow | 2,335 | 3,824 | 6,742 | 3,133 | 2,464 | -639 | 3,012 | 888 | -269 | 285 | -3,823 | -8,274 |
| CFO/OP | 95% | 143% | 193% | 130% | 94% | 79% | 110% | 135% | 92% | 165% | 109% | 80% |
Financials of NHPC Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 129 | 83 | 78 | 63 | 115 | 131 | 194 | 207 | 212 | 168 | 169 | 83 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 129 | 83 | 78 | 63 | 115 | 131 | 194 | 207 | 212 | 168 | 169 | 83 |
| Working Capital Days | -1 | 109 | -29 | -120 | -18 | 57 | 36 | 11 | -1 | -51 | -58 | -97 |
| ROCE % | 9% | 8% | 11% | 8% | 10% | 8% | 9% | 6% | 8% | 8% | 7% | 6% |