NHPC Limited has announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2025. The company reported a consolidated net profit of Rs 1,219.28 crore for Q2 FY26, marking a 15% increase compared to Rs 1,060.34 crore in the same quarter last year. Total income for the quarter rose to Rs 3,629.98 crore from Rs 3,402.09 crore in Q2 FY25. Compared to the previous quarter (Q1 FY26), profit also rose from Rs 1,131.16 crore, reflecting robust growth in both revenue and earnings for the period.
Financial Results Analysis:
| Particulars | Q2 FY26 (Rs crore) | Q1 FY26 (Rs crore) | Q2 FY25 (Rs crore) | QoQ Change (%) | YoY Change (%) |
|---|---|---|---|---|---|
| Revenue from Operations | 3,365.26 | 3,213.77 | 3,051.93 | 4.76 | 10.29 |
| Total Income | 3,629.98 | 3,442.76 | 3,402.09 | 5.44 | 6.76 |
| Net Profit (Consolidated) | 1,219.28 | 1,131.16 | 1,060.34 | 7.78 | 14.94 |
NHPC Limited is a Government of India Navratna enterprise specializing in hydroelectric power generation. With an installed capacity of over 7,200 MW (including renewables and joint ventures) as of 2025, NHPC operates a portfolio of hydro and solar power projects across India. Besides power generation, it undertakes power trading, contracts, project management, and consultancy. In 2025, NHPC commissioned the 800 MW Parbati-II project and continued to expand its renewable energy footprint, including the Karnisar Solar Power Project in Rajasthan. The company is currently engaged in strategic consolidations and has received approvals to merge its wholly-owned subsidiary, Jalpower Corporation Limited, enhancing operational efficiencies. NHPC has also formed a joint venture named APGENCO NHPC Green Energy Ltd to develop renewable projects.
Regarding recent developments, NHPC raised Rs 2,000 crore through private placements of non-convertible securities in August 2025 to support its growth initiatives. It is actively reviewing its borrowing strategy and considering monetization of cash flows from power stations for financial flexibility in FY 2025-26. NHPC remains focused on strengthening its asset base and regulatory compliance, maintaining a robust security cover ratio for its listed debt securities.
In the financial results announced for Q2 FY26, NHPC posted revenue from operations of Rs 3,365.26 crore, up 4.76% quarter-on-quarter and 10.29% year-on-year. Net profit improved by 7.78% sequentially and 14.94% compared to Q2 FY25. The company showcased healthy operating margins and effective cost management in a challenging sector. NHPC continues to attract attention from institutional investors and enjoys strong promoter backing by the Government of India. The Navratna PSU status and focus on clean energy projects underpin its strategic importance in India’s power sector.
These quarterly results reflect NHPC’s resilience and growth trajectory, positioning it well for continued contribution to India’s renewable energy goals and power infrastructure development in 2025 and beyond.
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