NHPC Limited has announced its Q3FY26 quarterly results along with an interim dividend declaration of 14% (₹1.40 per equity share) for the financial year 2025-26. The Board of Directors, in their meeting held on February 4, 2026, approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, in compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interim Dividend Declaration

The company has declared an interim dividend at the rate of 14% on the face value of paid-up equity shares of ₹10 each. The Board has fixed Tuesday, February 10, 2026, as the record date for determining shareholder eligibility for the interim dividend payment.

Q3FY26 Financial Performance

NHPC's standalone financial results for Q3FY26 showed a loss before exceptional items of ₹340.39 crores compared to a profit of ₹314.31 crores in Q3FY25. However, after accounting for regulatory deferral account movements, the company reported a net profit of ₹292.87 crores for the quarter.

Nine Months Performance

For the nine months ended December 31, 2025, NHPC demonstrated strong performance with revenue from operations reaching ₹7,587.01 crores compared to ₹6,935.72 crores in the corresponding period of the previous year, marking a growth of 9.39%.

Strategic Corporate Decisions

The Board approved several significant strategic decisions during the meeting:

MoU Cancellation: The company proposed cancellation of the Memorandum of Understanding and Promoters' Agreement with Green Energy Development Corporation of Odisha Limited (GEDCOL) for forming a joint venture company to implement floating solar power projects in Odisha's water reservoirs.

PTC Withdrawal: NHPC proposed withdrawal of its nominee director from PTC India Limited's Board and relinquishment of its 'Promoter' status, following the Office Memorandum dated January 16, 2026, issued by the Ministry of Power, Government of India.

Project Commissioning Updates

NHPC has made significant progress in project commissioning during the reporting period. The company commissioned the 800 MW Parbati-II Project in April 2025 and one unit of 250 MW (Unit#2) of the 2000 MW Subansiri Lower Project during the quarter. Additionally, the 300 MW Kamisar Solar Power Project in Bikaner was commissioned during the nine months period.

Regulatory and Compliance Matters

The company recognized ₹781.45 crores towards Associated Transmission System (ATS) charges for the Subansiri Lower Project as per CERC order dated January 16, 2026. This amount has been treated as a regulatory deferral account balance, recoverable from beneficiaries through future tariff adjustments.

Source: NHPC Limited Board Meeting Outcome dated February 4, 2026

NHPC Limited has notified stock exchanges regarding changes in its senior management structure, effective February 2026. The company has submitted the required intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30.

Executive Leadership Transition

The management changes involve personnel at one level below the Board of Directors. The transition represents a planned succession as part of the company's regular management evolution.

Profile of Incoming Executive Director

Shri Anish Gouraha brings substantial experience to his new role as Executive Director. His professional background demonstrates long-term commitment to the organization and relevant educational qualifications.

Regulatory Compliance

The notification fulfills NHPC Limited's obligations under SEBI regulations for disclosure of material changes in senior management. The company has simultaneously informed both BSE Limited (Scrip Code: 533098) and National Stock Exchange of India Limited (Scrip Code: NHPC) about these personnel changes.

The transition ensures continuity in the company's executive leadership while maintaining compliance with regulatory requirements for listed entities. The appointment through internal promotion reflects the organization's focus on developing talent from within its existing workforce.