NHPC (NHPC) Q4 25/26 earnings summary

Executive summary

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved, with auditors issuing an unmodified opinion on both sets of results.

• Final dividend of ₹0.21 per share recommended, in addition to interim dividend of ₹1.40 per share paid in February 2026, totaling ₹1.61 per share for FY 2025-26.

• Board approved raising up to ₹2,000 crore via listed, unsecured, non-convertible bonds through private placement for FY 2026-27.

Financial highlights

• Standalone revenue from operations for FY 2025-26 was ₹10,328.26 crore, up from ₹8,994.26 crore year-over-year.

• Standalone net profit for FY 2025-26 was ₹3,617.80 crore, compared to ₹3,083.98 crore last year.

• Consolidated revenue from operations for FY 2025-26 was ₹11,615.29 crore, up from ₹10,379.86 crore year-over-year.

• Consolidated net profit for FY 2025-26 was ₹4,220.46 crore, compared to ₹3,411.73 crore last year.

• Standalone EPS (excluding regulatory deferral movements) for FY 2025-26 was ₹2.64, up from ₹2.64 last year; consolidated EPS was ₹2.77, up from ₹2.72.

Outlook and guidance

• Petitions for tariff truing up (2019-24) and fixation (2024-29) have been filed with CERC; revenue recognized provisionally for new projects pending final approval.

• Board approved fund-raising plan for FY 2026-27 to support ongoing and future projects.