We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
3 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 3 documents here); elsewhere sentences render unattributed.
Kind
Date
Period
Served
Attribution rate
TRANSCRIPT
20250528
2025-03-31
yes
TRANSCRIPT
20260212
2025-12-31
yes
TRANSCRIPT
20260525
2026-03-31
yes
DUPLICATE
20260525
2026-03-31
no
NHPC
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
Statement division
general
Scope served
consolidated
Panels on this page
4
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
Last close
76.25
52-week range
72.13 – 87.04
Return 1M
-0.48%
Return 3M
-3.97%
Return 1Y
-11.64%
Return 3Y
45.93%
Return 5Y
172.81%
Market capitalisation
not shown — we could not confirm it
Shares outstanding
not shown — we could not confirm it
P/E
not shown — we could not confirm it
P/B
not shown — we could not confirm it
EV/EBITDA
not shown — we could not confirm it
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
Revenue from operations
3,808.00
Other income
151.00
Total income
3,960.00
Cost of materials consumed
0.00
Purchases of stock-in-trade
0.00
Changes in inventories
0.00
Employee benefit expense
401.00
Finance costs
606.00
Ownership — 2026-06-30, and the change from 2026-03-31
Holder
Per cent
Change
promoter and promoter group
0.61
-0.06
institutions foreign
0.12
0.02
institutions domestic
0.15
0.04
mutual funds
0.07
0.03
public
0.39
0.06
Documents on file
Class
Most recent
On file
DUPLICATE
2026-03-31
1
TRANSCRIPT
2026-03-31
3
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
Line
2022-09-30
2022-12-31
2023-03-31
2023-06-30
2023-09-30
2023-12-31
2024-03-31
2024-06-30
2024-09-30
2024-12-31
2025-03-31
2025-06-30
2025-09-30
2025-12-31
2026-03-31
2026-06-30
Revenue from operations
3,366.00
2,583.00
2,029.00
2,757.00
2,931.00
2,056.00
1,888.00
2,694.00
3,052.00
2,287.00
2,347.00
3,214.00
3,365.00
2,221.00
2,816.00
3,808.00
Other income
163.00
109.00
200.00
253.00
183.00
494.00
432.00
344.00
350.00
330.00
325.00
229.00
265.00
272.00
305.00
151.00
Total income
3,529.00
2,691.00
2,229.00
3,010.00
3,114.00
2,550.00
2,320.00
3,038.00
3,402.00
2,617.00
2,672.00
3,443.00
3,630.00
2,493.00
3,121.00
3,960.00
Cost of materials consumed
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Purchases of stock-in-trade
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Changes in inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee benefit expense
325.00
316.00
455.00
322.00
354.00
338.00
404.00
342.00
373.00
687.00
421.00
424.00
326.00
346.00
402.00
401.00
Finance costs
107.00
120.00
111.00
109.00
105.00
97.00
91.00
90.00
293.00
656.00
-12.00
261.00
278.00
310.00
574.00
606.00
Depreciation and amortisation
301.00
306.00
304.00
294.00
295.00
296.00
299.00
296.00
285.00
297.00
315.00
436.00
441.00
457.00
642.00
600.00
Other expenses
853.00
562.00
675.00
930.00
820.00
997.00
599.00
889.00
880.00
579.00
836.00
989.00
1,012.00
1,663.00
1,218.00
1,055.00
Total expenses
1,586.00
1,303.00
1,545.00
1,655.00
1,574.00
1,728.00
1,394.00
1,618.00
1,831.00
2,218.00
1,559.00
2,109.00
2,058.00
2,776.00
2,836.00
2,662.00
Profit before exceptional items and tax
1,943.00
1,388.00
683.00
1,355.00
1,540.00
822.00
927.00
1,420.00
1,571.00
399.00
1,113.00
1,334.00
1,572.00
-283.00
285.00
1,298.00
Exceptional items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit before tax
1,943.00
1,388.00
683.00
1,355.00
1,540.00
822.00
927.00
1,420.00
1,571.00
399.00
1,113.00
1,334.00
1,572.00
-283.00
285.00
1,298.00
Current tax
424.00
97.00
141.00
256.00
280.00
185.00
259.00
248.00
288.00
106.00
223.00
255.00
300.00
136.00
147.00
162.00
Deferred tax
52.00
12.00
12.00
42.00
-355.00
101.00
247.00
150.00
317.00
-2.00
24.00
132.00
236.00
437.00
-1,970.00
214.00
Tax expense
477.00
109.00
153.00
299.00
-75.00
286.00
506.00
399.00
605.00
104.00
247.00
387.00
536.00
573.00
-1,823.00
376.00
Profit for the period
1,686.00
776.00
719.00
1,095.00
1,693.00
628.00
611.00
1,108.00
1,069.00
330.00
920.00
1,131.00
1,219.00
321.00
1,549.00
1,178.00
Profit attributable to owners
1,536.00
672.00
643.00
1,037.00
1,546.00
492.00
550.00
1,029.00
909.00
231.00
854.00
1,065.00
1,021.00
219.00
1,460.00
1,096.00
Profit attributable to non-controlling interests
150.00
104.00
76.00
59.00
147.00
137.00
61.00
80.00
160.00
99.00
66.00
66.00
198.00
101.00
89.00
82.00
Other comprehensive income
14.00
21.00
-28.00
24.00
9.00
51.00
-111.00
11.00
-5.00
-85.00
-27.00
-9.00
6.00
9.00
-82.00
13.00
Total comprehensive income
1,700.00
797.00
691.00
1,119.00
1,703.00
680.00
500.00
1,119.00
1,064.00
245.00
893.00
1,122.00
1,225.00
329.00
1,467.00
1,192.00
Earnings per share, basic
1.53
0.67
0.64
1.03
1.54
0.49
0.55
1.02
0.90
0.23
0.85
1.06
1.02
0.22
1.45
1.09
Earnings per share, diluted
1.53
0.67
0.64
1.03
1.54
0.49
0.55
1.02
0.90
0.23
0.85
1.06
1.02
0.22
1.45
1.09
Annual results, as filed
Line
2020-03-31
2021-03-31
2022-03-31
2023-03-31
2024-03-31
2025-03-31
2026-03-31
Revenue from operations
10,008.00
9,648.00
9,189.00
10,607.00
9,632.00
10,380.00
11,615.00
Other income
769.00
1,057.00
964.00
678.00
1,362.00
1,349.00
1,071.00
Total income
10,777.00
10,705.00
10,153.00
11,285.00
10,994.00
11,729.00
12,686.00
Cost of materials consumed
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Purchases of stock-in-trade
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Changes in inventories
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee benefit expense
1,676.00
1,540.00
1,555.00
1,435.00
1,418.00
1,824.00
1,498.00
Finance costs
796.00
650.00
532.00
474.00
402.00
1,189.00
1,423.00
Depreciation and amortisation
1,614.00
1,298.00
1,190.00
1,215.00
1,184.00
1,193.00
1,976.00
Other expenses
2,838.00
2,760.00
2,447.00
2,904.00
3,346.00
3,036.00
4,881.00
Total expenses
6,924.00
6,249.00
5,724.00
6,028.00
6,350.00
7,242.00
9,778.00
Profit before exceptional items and tax
3,853.00
4,456.00
4,429.00
5,257.00
4,644.00
4,487.00
2,908.00
Exceptional items
0.00
-185.00
0.00
0.00
0.00
0.00
0.00
Profit before tax
3,853.00
4,271.00
4,429.00
5,257.00
4,644.00
4,487.00
2,908.00
Current tax
898.00
926.00
916.00
947.00
981.00
866.00
839.00
Deferred tax
-607.00
-25.00
-1,473.00
29.00
35.00
489.00
-1,165.00
Tax expense
290.00
901.00
-557.00
976.00
1,015.00
1,355.00
-327.00
Profit for the period
3,325.00
3,582.00
3,774.00
4,235.00
4,028.00
3,412.00
4,220.00
Profit attributable to owners
2,875.00
3,257.00
3,524.00
3,890.00
3,624.00
3,007.00
3,766.00
Profit attributable to non-controlling interests
450.00
325.00
251.00
345.00
404.00
405.00
455.00
Other comprehensive income
-3.00
8.00
11.00
-5.00
-26.00
-106.00
-77.00
Total comprehensive income
3,322.00
3,590.00
3,785.00
4,230.00
4,002.00
3,306.00
4,143.00
Earnings per share, basic
2.86
3.24
3.51
3.87
3.61
2.99
3.75
Earnings per share, diluted
2.86
3.24
3.51
3.87
3.61
2.99
3.75
Balance sheet, as filed
Line
2022-09-30
2023-03-31
2023-09-30
2024-03-31
2024-09-30
2025-03-31
2025-09-30
2026-03-31
Total assets
79,866.00
86,087.00
89,802.00
93,295.00
97,681.00
102,678.00
111,563.00
120,011.00
Non-current assets
62,990.00
68,640.00
71,267.00
75,331.00
79,950.00
84,211.00
89,767.00
96,924.00
Current assets
9,566.00
10,765.00
11,807.00
10,902.00
10,565.00
11,261.00
13,905.00
14,667.00
Property, plant and equipment
21,400.00
22,129.00
21,622.00
21,467.00
21,079.00
22,157.00
35,472.00
50,276.00
Capital work-in-progress
24,516.00
31,350.00
35,329.00
39,650.00
44,386.00
50,398.00
42,975.00
34,744.00
Goodwill
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other intangible assets
4.00
3.00
3.00
3.00
3.00
6.00
10.00
10.00
Inventories
155.00
161.00
157.00
190.00
257.00
257.00
265.00
294.00
Trade receivables
5,958.00
6,161.00
6,607.00
4,420.00
4,878.00
4,793.00
6,651.00
2,629.00
Cash and cash equivalents
445.00
1,020.00
775.00
1,422.00
1,297.00
802.00
1,142.00
1,961.00
Total equity and liabilities
79,866.00
86,087.00
89,802.00
93,295.00
97,681.00
102,678.00
111,563.00
120,011.00
Equity
40,053.00
41,714.00
44,078.00
43,892.00
45,561.00
45,163.00
47,040.00
48,405.00
Equity share capital
10,045.00
10,045.00
10,045.00
10,045.00
10,045.00
10,045.00
10,045.00
10,045.00
Other equity
26,952.00
26,854.00
29,020.00
28,657.00
30,104.00
29,623.00
31,195.00
31,392.00
Total liabilities
39,813.00
44,373.00
45,724.00
49,403.00
52,120.00
57,515.00
64,523.00
71,606.00
Non-current liabilities
30,886.00
34,947.00
34,765.00
38,443.00
41,661.00
46,124.00
51,596.00
56,058.00
Current liabilities
7,115.00
7,942.00
9,547.00
9,612.00
9,197.00
10,176.00
11,394.00
14,106.00
Borrowings, non-current
23,153.00
26,602.00
26,392.00
29,382.00
31,776.00
35,682.00
40,589.00
46,174.00
Borrowings, current
2,776.00
2,886.00
3,653.00
3,111.00
2,367.00
3,752.00
4,207.00
5,960.00
Trade payables
224.00
235.00
226.00
282.00
275.00
321.00
296.00
387.00
Cash flow, as filed
Line
2022-09-30
2023-03-31
2023-09-30
2024-03-31
2024-09-30
2025-03-31
2025-09-30
2026-03-31
Net cash from operating activities
2,465.00
4,692.00
3,750.00
6,938.00
2,743.00
5,026.00
1,583.00
3,294.00
Net cash from investing activities
-2,089.00
-4,246.00
-3,402.00
-5,968.00
-2,891.00
-7,550.00
-5,046.00
-11,139.00
Net cash from financing activities
-1,245.00
-741.00
-608.00
-581.00
24.00
1,904.00
3,804.00
8,928.00
Purchase of property, plant and equipment
1,454.00
4,960.00
2,934.00
6,997.00
3,579.00
8,851.00
5,094.00
11,572.00
Net increase in cash
-869.00
-295.00
-259.00
388.00
-125.00
-620.00
341.00
1,082.00
con:CFO.BEFORE_TAX
2,853.00
5,669.00
4,156.00
7,808.00
3,120.00
5,903.00
2,023.00
4,190.00
con:INTEREST_RECEIVED.OPERATING
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:INTEREST_PAID.OPERATING
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:DIVIDENDS_RECEIVED.OPERATING
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:TAX_PAID.OPERATING
388.00
977.00
406.00
870.00
378.00
877.00
440.00
896.00
con:CF_OTHER.OPERATING
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:INVESTMENTS_PURCHASED
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:INVESTMENTS_SOLD
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:PPE_DISPOSALS
0.00
1.00
1.00
2.00
4.00
2.00
2.00
5.00
con:CF_INVESTING.SUBSIDIARIES_SOLD
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED
106.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:CF_INVESTING.JV_SOLD
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
con:CF_INVESTING.JV_ACQUIRED
108.00
108.00
0.00
0.00
0.00
0.00
0.00
5.00
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
Holder
2023-03-31
2023-06-30
2023-09-30
2023-12-31
2024-03-31
2024-06-30
2024-09-30
2024-12-31
2025-03-31
2025-06-30
2025-09-30
2025-12-31
2026-03-31
2026-06-30
Promoter and promoter group
70.95
70.95
70.95
70.95
67.40
67.40
67.40
67.40
67.40
67.40
0.67
0.67
0.67
0.61
Domestic institutions
14.20
14.23
12.93
13.42
11.31
10.27
9.78
10.04
10.62
10.65
0.11
0.10
0.11
0.15
Mutual funds
—
—
—
—
—
—
—
—
—
3.98
0.04
0.04
0.04
0.07
Insurance companies
4.40
4.24
4.90
4.62
4.74
5.22
4.99
4.57
5.97
6.52
0.07
0.06
0.07
0.07
Foreign institutions
7.37
7.58
7.59
7.38
6.80
8.97
9.38
8.78
8.80
9.31
0.10
0.10
0.10
0.12
Government
—
—
—
—
—
—
—
—
—
1.13
0.01
0.01
0.01
0.01
Public
29.05
29.05
29.05
29.05
32.60
32.60
32.60
32.60
32.60
32.60
0.33
0.33
0.33
0.39
Non-institutional
5.76
5.71
7.00
6.73
13.21
12.09
12.32
12.66
12.05
11.52
0.11
0.11
0.10
0.11
Shares outstanding
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
10045034805
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
Counterparty
Relationship
Type
Amount in the period
Transactions
Government of India
Shareholder having control over co
Any other transaction, Dividend paid, Interest paid,
10,939,800,000.00
16
Government of Madhay Pradesh
Shareholder having control over co
Any other transaction, Dividend paid, Purchase of go
8,726,900,000.00
7
New India Assurance Company Limited
entities controlled by the Governm
Any other transaction, Purchase of goods or services
5,186,900,000.00
3
CVPPPL
Subsidiary
Any other transaction, Investment, Sale of goods or
4,582,200,000.00
5
LTHPL
Subsidiary
Any other transaction, Interest received, Investment
1,930,800,000.00
10
JPCL
Subsidiary
Any other transaction, Investment, Loan, Sale of goo
1,784,000,000.00
8
CISF
entities controlled by the Governm
Any other transaction, Purchase of goods or services
1,781,600,000.00
6
NHDC
Subsidiary
Any other transaction, Dividend received, Investment
1,385,900,000.00
6
NHPC Limited Employees Provident Fund
Post-Employment benefit plans
Any other transaction
1,315,100,000.00
6
RHPCL
Subsidiary
Any other transaction, Investment, Sale of goods or
1,302,000,000.00
5
JKSPDC
Shareholder having control over co
Any other transaction, Purchase of goods or services
1,216,500,000.00
5
Narmada Basin Project Company Limited
Shareholder having control over co
Any other transaction, Dividend paid
625,300,000.00
2
BSUL
Subsidiary
Any other transaction, Interest received, Investment
571,100,000.00
11
NHPC Limited Employees Defined Contribution Superannuation S
Post-Employment benefit plans
Any other transaction
540,500,000.00
6
Steel Authority of India Limited (SAIL)
entities controlled by the Governm
Any other transaction, Purchase of goods or services
421,300,000.00
2
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
159 Crore in the corresponding previous quarter. CAPEX during Nine Months FY'26 is Rs.
339 Crore in the corresponding previous quarter. CAPEX of Rs.11,596 Crore has been incurred during FY’25 against target CAPEX of Rs.11,762 Crore for…
And what will be the realization for this plant and the CAPEX for these projects?
Capital allocation
Sir, the other questions on the projects of Kamala and Upper Subansiri, the land acquisition has been done or is it in the process now?
Further, Land acquisition and erection works are in progress in respect of 100 MW Solar Project in Andhra Pradesh. NHPC has awarded the EPC contract…
69 Crore mainly related to Teesta-V Power Station and increase in dividend income by Rs.
Demand
Now, while you told about the project pipeline for future years, can you just tell the total capacity addition which you intend to do for FY'27 and FY…
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Guidance
So, I just want to know your CAPEX guidance for FY'27 and FY'28 and if you can just repeat the CAPEX that you have incurred for FY'26?
So we expect that shortly, we are going to award the balance two contract packages.
When do we expect that project to restart as well?
People
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This is mainly due to the lower utilization of MAT Credit. During FY’25, we have earned PAT (Profit After Tax) of Rs.
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Revenue growth
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20,000 Crore of capital cost and if you multiply the number of units generated, then certainly this is the top line, and apart from that, whatever act…