NHPC Q1 Results: Revenue Reaches 38.08 Billion Rupees

FARIDABAD, India — State-owned hydro power producer NHPC Limited announced its un-audited consolidated financial results for the first quarter ended June 30, 2026, reporting a consolidated revenue from operations of 38.08 billion rupees (Rs 3,808.31 crore). The board of directors approved the quarterly financial statements during a meeting held on August 4, 2026, at the company's corporate complex in Faridabad, Haryana. The financial performance reflects operational stabilization following post-flood recovery works and operational additions across key hydro power units.

Consolidated Financial Performance in Q1 FY27

NHPC Limited reported a consolidated net profit attributable to owners of the parent company of Rs 1,095.87 crore for the April–June quarter. Total consolidated net profit for the period stood at Rs 1,178.09 crore, compared to Rs 1,131.16 crore recorded in the corresponding quarter of the previous financial year. Total consolidated income reached Rs 3,959.72 crore, supported by revenue generation from operational hydro stations and project additions.

On a standalone basis, NHPC posted a revenue from operations of Rs 3,537.04 crore and a net profit of Rs 1,113.41 crore for the three-month period ending June 30, 2026.

Operational Milestones and Project Updates

During the quarter, NHPC commissioned one additional unit of 250 MW at the 2,000 MW Subansiri Lower Hydroelectric Project. With this addition, a cumulative capacity of 1,000 MW across four units has been commissioned at the project site. Pending final tariff fixation by the Central Electricity Regulatory Commission (CERC), NHPC provisionally recognized sales of Rs 574.31 crore from Subansiri Lower during the quarter.

In addition, the 510 MW Teesta-V Power Station in Sikkim resumed commercial generation in July 2026 after extensive restoration works following severe flash floods in October 2023. Provisional revenue of Rs 364.42 crore was recognized for the 800 MW Parbati-II Hydroelectric Project pending CERC approval.

Official Sources Section

According to regulatory filings submitted under Regulation 30, 33, and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the financial statements were reviewed by the Audit Committee and approved by the Board of Directors. The joint statutory auditors, including SN Dhawan & Co LLP, S. Jaykishan, and Dharam Raj & Co., issued a limited review report on the unaudited standalone and consolidated results.

Quote Section

"According to officials, NHPC has maintained a robust security cover of 100% or higher for its listed non-convertible debt securities and remains in full compliance with all regulatory debt covenants as of June 30, 2026".

Why It Matters

The steady performance in the NHPC Q1 Results underlines operational resiliency for India's primary hydro power utility. As new units at Subansiri Lower come online and restored generation facilities like Teesta-V re-enter commercial service, grid stability and renewable energy supply receive vital support during peak energy demand periods. For equity investors and debt holders, stable margins and zero debt default maintain long-term balance sheet strength.

Key Facts at a Glance

• Consolidated Revenue: 38.08 billion rupees (Rs 3,808.31 crore) reported for Q1 FY27.

• Capacity Additions: 1,000 MW now operational at the Subansiri Lower HE Project.

• Plant Restoration: Teesta-V (510 MW) resumed commercial generation in July 2026.

• Debt Compliance: Zero default recorded on loan repayments and listed bond securities.

Frequently Asked Questions (FAQ)

What was NHPC's consolidated revenue for Q1 FY27?

NHPC reported a consolidated revenue from operations of 38.08 billion rupees (Rs 3,808.31 crore) for the quarter ended June 30, 2026.

What is the status of the Subansiri Lower Hydroelectric Project?

NHPC commissioned another 250 MW unit during the quarter, bringing the total operational capacity of the Subansiri Lower project to 1,000 MW.

Has the flood-affected Teesta-V power station restarted operations?

Yes, following restoration works after the October 2023 flash floods, Teesta-V resumed commercial power generation in July 2026.

Source: Official regulatory disclosures filed with the BSE Limited and National Stock Exchange of India Limited by NHPC Limited.