New Delhi |: NHPC Limited, India’s premier hydropower public sector enterprise, has announced its unaudited financial results for the first quarter of Financial Year 2026–27 (Q1 FY27), reporting strong growth in revenue, operating performance, and profitability. The company attributed its improved performance to higher power generation and the contribution from newly commissioned capacity, particularly the Subansiri Lower Hydroelectric Project.
The results, approved for the quarter ended June 30, 2026, demonstrate NHPC’s continued operational strength and its growing contribution to India’s clean energy sector.
Consolidated Financial Performance
On a consolidated basis, Revenue from Operations increased by 18.5% year-on-year, rising to ₹3,808.31 crore from ₹3,213.77 crore in the corresponding quarter of the previous financial year.
The company’s Net Profit (Profit After Tax – PAT) stood at approximately ₹1,178 crore, registering a growth of around 4% compared to ₹1,131 crore reported in Q1 FY2025–26.
NHPC also recorded a significant improvement in its operating efficiency.
- Revenue from Operations: ₹3,808.31 crore (18.5% YoY Growth)
- Net Profit (PAT): Approximately ₹1,178 crore (Around 4% YoY Growth)
- EBITDA: ₹2,352 crore, registering a robust 30.6% increase
- EBITDA Margin: Improved to 61.8%, compared to 56.1% in the corresponding quarter last year.
The substantial increase in EBITDA and expansion in operating margins indicate improved operational efficiency and better cost management during the quarter.
Standalone Financial Performance
On a standalone basis, NHPC also delivered a healthy financial performance.
- Revenue from Operations: ₹3,537.04 crore, compared to ₹2,977.43 crore in the previous year, reflecting an 18.8% year-on-year increase.
- Net Profit (PAT): ₹1,113.41 crore, up from ₹1,071.87 crore, representing a 3.9% growth.
The results underline the company’s ability to sustain revenue growth while maintaining stable profitability.
Key Business Highlights
One of the major milestones during the quarter was the commissioning of one 250 MW generating unit of the prestigious 2,000 MW Subansiri Lower Hydroelectric Project.
With this addition, the total commissioned capacity of the project has now reached 1,000 MW, significantly enhancing NHPC’s generation capacity and strengthening its long-term growth prospects.
According to the company, the increase in electricity generation and contribution from newly commissioned assets played a crucial role in driving higher revenues during the quarter.
Improved Operational Efficiency
NHPC’s impressive 30.6% growth in EBITDA and expansion of the EBITDA margin to 61.8% reflect stronger operational performance and improved efficiency across its business operations.
The higher operating margin demonstrates the company’s focus on optimizing generation, controlling costs, and maximizing returns from its power assets.
Positive Outlook
With additional generating units of the Subansiri Lower Project expected to become operational, NHPC is well-positioned for further growth in the coming quarters.
As a hydropower-focused utility, the company generally records stronger performance during the second quarter, when improved water availability supports higher electricity generation.
The commissioning of new capacity, combined with sustained demand for clean energy, is expected to strengthen NHPC’s financial performance in the remainder of the financial year.
Strong Foundation for Future Growth
The Q1 FY2026–27 results reaffirm NHPC Limited’s strong operational capabilities and strategic focus on expanding renewable energy generation.
With double-digit revenue growth, higher operating margins, steady profit growth, and the gradual commissioning of major hydroelectric projects, NHPC continues to play a vital role in supporting India’s energy security and the country’s transition toward sustainable and renewable power generation.
