Board Meeting Details

The Board of Directors meeting was held on Tuesday, August 04, 2026, commencing at 05:40 PM and concluding at 06:45 PM. The meeting approved the Un-audited (standalone and consolidated) financial results of the Company for the quarter ended June 30, 2026, after review by the Audit Committee.

Standalone Financial Results (₹ in crore)

Income Statement for Quarter Ended June 30, 2026:

  • Revenue from Operations: ₹3,537.04
  • Other Income: ₹205.27
  • Total Income: ₹3,742.31
  • Generation Expenses: ₹274.92
  • Employee Benefits Expense: ₹367.46
  • Finance Costs: ₹602.01
  • Depreciation, Amortization and Impairment Expense: ₹578.12
  • Other Expenses: ₹728.82
  • Total Expenses: ₹2,551.33
  • Profit before Exceptional items and Tax: ₹1,190.98
  • Tax Expense: ₹321.73 (Current Tax: ₹122.87, Deferred Tax: ₹198.86)
  • Profit before movements in Regulatory Deferral Account Balances: ₹869.25
  • Movement in Regulatory Deferral Account Balances (Net of Tax): ₹244.16
  • Profit for the period: ₹1,113.41
  • Other Comprehensive Income: ₹13.86
  • Total Comprehensive Income for the period: ₹1,127.27

Key Metrics:

  • Earnings per share (Basic and Diluted):
  • Excluding movements in Regulatory Deferral Account Balances: ₹0.87
  • Including movements in Regulatory Deferral Account Balances: ₹1.11
  • Paid-up equity share capital: ₹10,045.03 crore (Face Value ₹10 per share)
  • Net worth: ₹41,099.54 crore
  • Paid-up debt capital: ₹47,533.50 crore
  • Debt equity ratio: 1.16
  • Debt service coverage ratio (DSCR): 2.43
  • Interest service coverage ratio (ISCR): 3.49
  • Current Ratio: 0.95

Consolidated Financial Results (₹ in crore)

Income Statement for Quarter Ended June 30, 2026:

  • Revenue from Operations: ₹3,808.31
  • Other Income: ₹151.41
  • Total Income: ₹3,959.72
  • Total Expenses: ₹2,661.53
  • Profit before Exceptional Items and Tax: ₹1,299.39
  • Share of net profit from Associate/Joint Venture: ₹1.20
  • Tax Expense: ₹375.61 (Current Tax: ₹162.04, Deferred Tax: ₹213.57)
  • Profit before movement in Regulatory Deferral Account Balances: ₹923.78
  • Movement in Regulatory Deferral Account Balances (Net of Tax): ₹254.31
  • Profit for the period: ₹1,178.09
  • Total Comprehensive Income for the period: ₹1,191.56
  • Net Profit attributable to Owners of the Parent company: ₹1,095.87
  • Net Profit attributable to Non-controlling interest: ₹82.22

Key Metrics:

  • Earnings per share (Basic and Diluted):
  • Excluding movements in Regulatory Deferral Account Balances: ₹0.84
  • Including movements in Regulatory Deferral Account Balances: ₹1.09
  • Net worth attributable to owners of the Company: ₹42,541.68 crore
  • Debt equity ratio: 1.32
  • Debt service coverage ratio (DSCR): 2.43
  • Interest service coverage ratio (ISCR): 3.61

Operational Highlights

1. Subansiri Lower Project: Commissioned 1 unit of 250 MW out of 2000 MW during the quarter. Total 1000 MW (4 out of 8 units) now commissioned. Petition for fixation of tariff filed with CERC. Pending approval, ₹574.31 crore recognized provisionally as sales during the quarter (previous quarter: NIL).

2. Parbati-II HE Project: Commissioned 800 MW during FY 2025-26. Petition for fixation of tariff filed with CERC. Pending final approval, ₹364.42 crore recognized provisionally as sales during the quarter (previous quarter: ₹431.17 crore).

3. Teesta-V Power Station: 510 MW (3 units × 170 MW) resumed commercial generation in July 2026 after completion of restoration works arising due to flash flood in October 2023.

Regulatory and Compliance Matters

1. Taxation: Pursuant to amendment by Finance Act 2026, the Company decided to exercise option under Section 200(5) of Income Tax Act, 2025 from FY 2026-27 onwards. Income Tax (net of MAT credit utilisation) and Deferred Tax Liabilities recognized accordingly.

2. Merger Update: Board approved merger process of Jalpower Corporation Limited (wholly owned subsidiary) with NHPC on September 24, 2021. Ministry of Power approval conveyed on April 26, 2023. First motion application filed with MCA on February 8, 2024. First hearing conducted on April 30, 2025. Meetings of Equity Shareholders, Secured & Unsecured Creditors held on September 29, 2025. Second motion application filed with MCA on October 6, 2025, which is pending.

3. Debt Securities Compliance: Company maintained security cover of 100% or higher as per terms of Offer Document/Information Memorandum. Security created on specified assets through English/Equitable mortgage. Company in compliance with all covenants for all listed non-convertible debt securities.

Additional Submissions

1. Statutory Auditors' Certificate: Provided for listed debt securities as on June 30, 2026, under Regulation 54 read with Regulation 56(1)(d) of SEBI (LODR) Regulations, 2015.

2. Utilization of Proceeds Statement: No deviation or variation in use of proceeds of issue of non-convertible securities for quarter ended June 30, 2026, under Regulation 52(7) and 52(7A).

3. Default Statement: No default in payment of outstanding Loans and debt securities as on June 30, 2026.

Security Cover Details

Total book value of assets provided as security for listed debt securities: ₹25,477.81 crore, covering:

  • Chamera-II Power Station: ₹756.40 crore
  • Chamera-III Power Station: ₹830.78 crore
  • Teesta Low Dam Power Station-III: ₹749.56 crore
  • Teesta-V Power Station: ₹1,335.54 crore
  • Uri-I Power Station: ₹1,150.32 crore
  • Dulhasti Power Station (Movable): ₹833.94 crore
  • Kishanganga Power Station (Movable): ₹830.35 crore
  • Subansiri Lower HE Project (Movable): ₹5,046.02 crore

Subsidiaries and Associates

The consolidated results include:

  • Subsidiaries: NHDC Limited, Chenab Valley Power Projects Limited, Bundelkhand Saur Urja Limited, Jalpower Corporation Limited, Ratle Hydroelectric Power Corporation Limited, NHPC Renewable Energy Limited, Loktak Downstream Hydroelectric Corporation Limited
  • Joint Venture: APGENCO NHPC Green Energy Limited (incorporated January 23, 2025)
  • Associate: National High Power Test Laboratory Private Limited

Notes to Financial Results

  • Results vary from quarter to quarter due to seasonal nature of business
  • Electricity generation is principal business activity
  • CERC notified Tariff Regulations for period April 1, 2024 to March 31, 2029
  • Figures for previous periods regrouped/rearranged/reclassified/restated where necessary