Q4 2026 NHPC Ltd Earnings Call Transcript
Key Points
- NHPC Ltd (BOM:533098) achieved a 16% increase in power generation, reaching 29,619 million units in FY26 compared to the previous year.
- The company reported a 25% increase in profit after tax (PAT), amounting to INR3,766 crores for FY26.
- NHPC Ltd (BOM:533098) successfully commissioned four units of the Subansiri Lower project, with the remaining units expected by March '27.
- The company has secured investment approvals for new projects in Jammu and Kashmir, indicating future growth potential.
- NHPC Ltd (BOM:533098) is actively expanding its renewable energy portfolio, with several solar projects expected to be commissioned soon.
- The Plant Availability Factor (PAF) for FY26 was 74.75%, a decrease from the previous year's 78.87%, due to maintenance shutdowns.
- There was a 13% decrease in other income, primarily due to lower realization of business interruption loss against insurance claims.
- The finance cost increased by INR234 crores, mainly due to higher interest on bonds and loans related to newly commissioned projects.
- Depreciation, amortization, and impairment expenses rose significantly by INR783 crores due to new power station commissions.
- The company faces under-recovery issues in revenue from Parbati-II and Subansiri Lower projects due to pending tariff approvals.
Ladies and gentlemen, good day, and welcome to NHPC Limited Q4 FY26 earnings conference call hosted by Elara Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand conference over to Mr. Rupesh Sankhe from Elara Securities India PIrivate Limited. Thank you, and over to you, sir.
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Yes. Good afternoon, everyone. On behalf of Elara Securities, we welcome you all for the Q4 FY26 conference call of NHPC. I take this opportunity to welcome the management of NHPC represented by Mr. Sanjay Kumar Singh, Director of Projects; Mr. Suprakash Adhikari, Director of Technical; Mr. Mahesh Kumar Sharma, Director of Finance. So we will begin the call with a brief overview by the management followed by Q&A.
I will now hand over the call to Mr. Sanjay Kumar Singh, Director of Projects for his opening remarks. Over to you, sir.
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