NHPC's January-March Profit Surges 29% On Strong Revenue Growth

NHPC Ltd. posted a sharp rise in its March quarter earnings, boosted by strong revenue growth. This marked the first year-on-year rise in profit in four quarters and the fastest top line growth since the April-June quarter of 2019.

The state-run hydropower firm's net profit jumped 29% on year to ₹8.94 billion, comfortably beating estimates of ₹7.21 billion by Elara Securities and ₹7.24 billion by Kotak Institutional Securities. Revenue from operations rose 25% on year to ₹20.59 billion.
Sequentially, profit tripled, and revenue was up 4%.

Total expenses for the quarter rose over 9% on year to ₹14.05 billion but dropped more than 33% sequentially. Other expenses, the company’s biggest cost component, were up 27% on year at ₹6.78 billion. Employee benefit costs dipped marginally on year and fell 44% on quarter to ₹3.67 billion. Depreciation and amortisation charges rose 5% both annually and sequentially to ₹2.93 billion.

The operating margin for the quarter narrowed to 32.89% from 46.32% a year ago but improved from 28.47% in the December quarter.

For 2024-2025, NHPC’s net profit declined 17% on year to ₹30.84 billion, even as revenue from operations rose 7% to ₹89.94 billion. The company declared a final dividend of ₹0.51 per share for 2024-25.