NHPC Limited , India's premier hydropower company, has announced a significant change in its top leadership. The company's Board of Directors has appointed Shri Mahesh Kumar Sharma as the new Chief Financial Officer (CFO), effective November 6, 2025. This appointment marks a crucial step in NHPC's financial management strategy.

A Seasoned Financial Expert Takes the Helm

Mahesh Kumar Sharma, who currently holds the position of Director (Finance) at NHPC, brings a wealth of experience to his new role as CFO. With over 30 years of post-qualification experience, Sharma is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). His expertise spans various critical areas of finance, including corporate accounts, treasury, commercial operations, and contract management.

Extensive Experience within NHPC

Sharma's journey with NHPC began as an Accounts Officer, and over the past 25 years, he has steadily risen through the ranks. His diverse experience within the company includes:

• Serving as Finance Head of NHPC's Commercial Division
• Holding the position of Chief Finance Officer at NHPC Renewable Energy Ltd., a wholly-owned subsidiary of NHPC
• Playing a crucial role in the Initial Public Offer implementation team during NHPC's listing on Indian bourses

Expertise in Hydroelectric Power Projects

Throughout his career, Sharma has developed extensive knowledge in the financial management of large-scale infrastructure projects. His deep understanding of tariff and regulatory frameworks is particularly valuable in the planning, development, and operation of hydroelectric power projects.

Professional Achievements

Sharma's professional journey is marked by several notable achievements:

• Holds a Diploma in Information Systems Audit (DISA) from ICAI, securing the All India 3rd Rank
• Served as an Executive Body Member of the Faridabad branch of Northern India Regional Council of ICAI from 2004-07
• Chaired the Faridabad branch during 2006-07
• Received the 'Best Chairman' award for Northern India by the Northern India Regional Council of ICAI for 2006-07

Implications for NHPC

The appointment of Mahesh Kumar Sharma as CFO is expected to bring a fresh perspective to NHPC's financial strategies. His extensive experience within the company and deep understanding of the hydropower sector position him well to navigate the financial complexities of large-scale energy projects.

As NHPC continues to play a crucial role in India's renewable energy landscape, Sharma's leadership in the finance department will be instrumental in driving the company's growth and operational efficiency.

This strategic appointment underscores NHPC's commitment to strengthening its financial leadership as it pursues its mission of harnessing hydropower potential in India.

NHPC Limited , one of India's premier hydroelectric power generation companies, has reported its financial results for the quarter ended September 30, revealing a decline in profit despite revenue growth.

Financial Performance

NHPC reported a quarterly net profit of ₹925.52 crore, representing an 8.3% decline from ₹1,071.87 crore in the previous quarter. However, the company's revenue from operations increased to ₹2,732.11 crore from ₹2,677.32 crore in the prior quarter.

For the half-year period, NHPC's profit rose to ₹1,997.39 crore from ₹1,916.46 crore in the corresponding period last year.

To better illustrate the changes, here's a comparison of the key financial figures:

Operational Highlights

Project Commissioning

• NHPC commissioned its 800MW Parbati-II Project in April.
• The company partially commissioned the 214.28MW Karnisar Solar Power Project.

Financial Position

• Debt Status: NHPC's Board declared that no defaults exist on outstanding loans and debt securities totaling ₹41,474.91 crore.
• Security Cover: The company maintained a security cover of 100% or higher for its listed non-convertible debt securities.

Performance Analysis

The financial results show a mixed performance for NHPC:

1. Net Profit Decline: The 8.3% decrease in quarterly net profit indicates a challenge in maintaining profitability compared to the previous quarter.
2. Revenue Growth: Despite the profit decline, revenue from operations grew by 2.0% quarter-over-quarter, suggesting continued operational growth.
3. Half-Year Improvement: The increase in half-year profit compared to the previous year indicates overall positive performance over a longer period.

Implications

While the quarterly profit decline may raise some concerns, the revenue growth and half-year profit increase suggest that NHPC continues to expand its operations. The commissioning of new projects, including the significant 800MW Parbati-II Project and the partial commissioning of the Karnisar Solar Power Project, indicates ongoing expansion of NHPC's power generation capacity.

For investors and market watchers, these results present a nuanced picture of NHPC's financial health and operational capabilities. The company's ability to maintain revenue growth while facing profitability challenges could be seen as a sign of resilience in a potentially challenging market environment.

As one of the key players in India's hydroelectric power sector, NHPC's performance offers insights into the renewable energy market and the power sector as a whole. The company's continued investment in new projects, coupled with its stable debt position, may reflect a long-term strategy for growth in the renewable energy sector.