NHPC Releases Q2 FY'27 Earnings Call Transcript, Highlights 17% Generation Growth
NHPC reported a 17% increase in Q2 FY'27 power generation to 13,935 MUs and a 33% rise in revenue to ₹4,482 Crore. PAT grew by 52% to ₹1,549 Crore. The company provided updates on its project pipeline, including the Subansiri Lower Project, Dibang, and several other hydropower and solar projects.
The announcement details strong financial performance and provides comprehensive updates on numerous large-scale projects, which are crucial for the company's future growth and investors' assessment.
The company reported significant growth in power generation, revenue, and profit for the quarter and half-year ended September 30, 2026. Positive updates on project execution and commissioning timelines also contribute to the positive sentiment.
NHPC Limited has released the transcript of its conference call held on November 05, 2026, to discuss the financial results for the quarter and half-year ended September 30, 2026. The company reported a significant increase in power generation, with a 17% rise in the second quarter of FY'27, reaching 13,935 MUs compared to 11,870 MUs in the corresponding period of the previous year. For the half-year ended September 30, 2026, generation increased by 14% to 23,741 MUs from 20,866 MUs.
Revenue from operations for Q2 FY'27 saw a substantial jump of 33%, amounting to ₹4,482 Crore, up from ₹3,365 Crore in the prior year's quarter. For the half-year, revenue grew by 26% to ₹8,291 Crore from ₹6,579 Crore. Profit After Tax (PAT) for Q2 FY'27 increased by 52% to ₹1,549 Crore from ₹1,021 Crore in the previous year's quarter. For the half-year, PAT rose by 27% to ₹2,645 Crore from ₹2,086 Crore.
The transcript also provides updates on various ongoing projects. The Subansiri Lower Project (2,000 MW) has commissioned 1,250 MW, with the remaining units targeted for commissioning by June '27. The Dibang Multipurpose Project (2880 MW) is progressing as scheduled, with an estimated cost of ₹31,876 Crore and a completion target of February '32. The Teesta-VI HEP (500 MW) has achieved 74% physical progress and is expected to be commissioned by September '29. Uri-I Stage-II (240 MW) and Dulhasti Stage-II (260 MW) projects are scheduled for completion by November '29.
NHPC is also executing projects through its subsidiary CVPPL, including Pakal Dul HEP (1,000 MW) targeted for full commissioning by June '27, Kiru HEP (624 MW) by March '27, and Kwar (540 MW) by May '28. The Ratle HEP (850 MW) has commenced dam concreting and is targeted for completion by November '28. Additionally, NHPC is exploring Pump Storage Projects (PSPs) across several states, with 18 GW in the DPR/PFR stage.
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