NHPC Limited reported a standalone net profit of ₹1,113.41 crore for the quarter ended June 30, 2026, rising 3.9% year-on-year (YoY) from ₹1,071.87 crore in Q1FY26. The Government of India Navratna enterprise posted consolidated net profit attributable to owners of ₹1,095.87 crore, up from ₹1,065.02 crore in the prior-year period. Revenue from operations grew significantly, driven by increased power generation and provisional sales recognition for newly commissioned units pending Central Electricity Regulatory Commission (CERC) tariff approvals.

The Board of Directors approved the unaudited financial results on August 04, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Joint Statutory Auditors S N Dhawan & Co LLP, S. Jaykishan, and Dharam Raj & Co issued limited review reports confirming that the statements disclose required information under Regulations 33 and 52 of the SEBI (LODR) Regulations, 2015. The company also submitted statutory auditor certificates regarding listed debt securities under Regulation 54 read with Regulation 56(1)(d).

Financial Performance Highlights

Standalone revenue from operations reached ₹3,537.04 crore in Q1FY27, compared to ₹2,977.43 crore in Q1FY26. Consolidated revenue from operations stood at ₹3,808.31 crore, up from ₹3,213.77 crore in the same quarter last year. Other income declined to ₹205.27 crore standalone from ₹255.44 crore previously, while total income rose to ₹3,742.31 crore. On a consolidated basis, EBITDA expanded to ₹2,352 crore from ₹1,800 crore in Q1FY26, with the EBITDA margin improving to 61.78% from 56.07% YoY, reflecting stronger operational efficiency.

Finance costs increased to ₹602.01 crore standalone from ₹252.34 crore in Q1FY26, reflecting higher borrowing levels. Depreciation, amortization, and impairment expenses totaled ₹578.12 crore. The debt-to-equity ratio remained stable at 1.16 on a standalone basis and rose slightly to 1.32 consolidated, compared to 1.09 in Q1FY26.

What the Numbers Show

A significant portion of the revenue growth stems from provisional sales recognition rather than finalized tariffs. NHPC recognized ₹574.31 crore as provisional sales for the Subansiri Lower Project during the quarter, where one 250 MW unit was commissioned, bringing total commissioned capacity to 1,000 MW (4 out of 8 units). Additionally, ₹364.42 crore was recognized provisionally for the Parbati-II HE Project. These figures are subject to change upon CERC approval, indicating potential volatility in future revenue streams if tariff orders differ from provisional assumptions.

Operational and Regulatory Updates

The Teesta-V Power Station (510 MW) resumed commercial generation in July 2026 following restoration works after the October 2023 flash flood. Petitions for tariff fixation have been filed with the CERC for both Subansiri Lower and Parbati-II projects. Customers are currently billed based on Annual Fixed Charges (AFC) approved for the 2024-29 tariff period or applicable rates as of March 31, 2024, for stations awaiting final orders.

The company confirmed no deviation in the use of proceeds from its non-convertible securities issued via private placement on May 29, 2026, amounting to ₹2,000 crore. Statutory auditors certified that security cover for listed debt securities remains at 100% or higher, with total book value of secured assets at ₹25,477.81 crore. There were no defaults on loans or debt securities, with total financial indebtedness standing at ₹47,434.94 crore. The merger process with wholly-owned subsidiary Jalpower Corporation Limited continues, with the second motion application filed with the Ministry of Corporate Affairs on October 6, 2025, remaining pending.

NHPC Limited has fixed Wednesday, August 12, 2026, as the record date for determining shareholder entitlement to receive the final dividend for the financial year 2025-26. The Board of Directors has recommended a final dividend of ₹0.21 per equity share, representing a payout of 2.10% on the company’s paid-up equity share capital. This declaration is subject to formal approval by shareholders at the company’s 50th Annual General Meeting (AGM).

The 50th AGM is scheduled to be held on Friday, August 28, 2026, at 11:30 A.M. (IST). In compliance with Ministry of Corporate Affairs circulars and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders holding shares on the record date will be eligible to receive the dividend if it is declared at the AGM, with payments processed according to the Companies Act, 2013.

To facilitate the dividend process and AGM preparations, NHPC Limited will close its Register of Members and Share Transfer Books from Thursday, August 13, 2026, to Friday, August 28, 2026, both days inclusive. During this period, no transfer of shares will be registered. The notice for the AGM, along with the Annual Report for FY26, will be sent electronically to members who have registered their email addresses with the company, its Registrar and Transfer Agent (RTA), or the depositories.

The company has also confirmed that the AGM notice and annual report will be accessible on its website, www.nhpcindia.com , and on the websites of the stock exchanges where it is listed: BSE Limited ( www.bseindia.com ) and National Stock Exchange of India Limited ( www.nseindia.com ). E-voting facilities will be provided through M/s National Securities Depository Limited (NSDL) at www.evoting.nsdl.com .

Key Dates and Details

As a Government of India Navratna enterprise, NHPC Limited continues to adhere to strict regulatory disclosures under Regulation 42 of the SEBI LODR Regulations, 2015. The company’s ISIN is INE848E01016. Shareholders are advised to ensure their contact details are updated with their depositories or the RTA, M/s KFin Technologies Limited, to receive electronic communications regarding the AGM and dividend payments.