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.

Consolidated Financial Performance

NHPC's consolidated financial results for Q3FY26 showed mixed performance with net profit declining to ₹2,200 crores compared to ₹2,300 crores in the corresponding quarter of the previous year, marking a decrease of 4.35%. The company's revenue from operations also witnessed a decline to ₹22,200 crores from ₹22,900 crores year-on-year.

Operational Challenges and Regulatory Impact

The company reported a loss before exceptional items, regulatory deferral account balances and tax of ₹2,800 crores compared to a profit of ₹4,000 crores in Q3FY25. However, NHPC had a significant movement in regulatory deferral account balances (net of tax) of ₹11,760 crores, which helped improve the overall financial position.

Interim Dividend Declaration

Despite the challenging quarterly performance, 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.

Strategic Corporate Decisions

The Board approved several significant strategic decisions during the meeting. The company and GEDCOL have proposed cancellation of the Memorandum of Understanding and Promoters' Agreement for forming a joint venture company to implement floating solar power projects in Odisha's water reservoirs. Additionally, 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.

Conference Call Audio Recording Available

Following the financial results announcement, NHPC conducted a conference call with analysts and investors on February 6, 2026 at 03:30 P.M. (IST) to discuss the quarterly and nine months financial results. The audio recording of this conference call has been made available on the company's website for stakeholder reference and transparency.

Source: NHPC Limited Board Meeting Outcome dated February 4, 2026 and Conference Call Communication dated February 6, 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.