| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,931 | 2,056 | 1,887 | 2,694 | 3,052 | 2,287 | 2,347 | 3,214 | 3,365 | 2,221 | 2,816 | 3,808 | |
Growth YoY Revenue Growth YoY% | -12.9 | -20.4 | -7.0 | -2.3 | 4.1 | 11.3 | 24.4 | 19.3 | 10.3 | -2.9 | 20.0 | 18.5 |
| 1,163 | 1,303 | 735 | 1,085 | 1,247 | 1,272 | 1,142 | 1,412 | 1,338 | 2,009 | 1,620 | 1,456 | |
| 1,768 | 752 | 1,152 | 1,609 | 1,805 | 1,015 | 1,205 | 1,802 | 2,027 | 212 | 1,196 | 2,352 | |
OPM OPM% | 60.3 | 36.6 | 61.0 | 59.7 | 59.1 | 44.4 | 51.3 | 56.1 | 60.2 | 9.5 | 42.5 | 61.8 |
| 183 | 495 | 437 | 344 | 351 | 331 | 211 | 230 | 265 | 273 | 306 | 153 | |
Interest Expense Interest ExpenseCr | 116 | 133 | 365 | 244 | 308 | 649 | -12 | 261 | 278 | 310 | 574 | 606 |
Depreciation DepreciationCr | 295 | 296 | 299 | 296 | 285 | 297 | 315 | 436 | 441 | 457 | 642 | 600 |
PBT PBTCr | 1,540 | 817 | 924 | 1,414 | 1,562 | 401 | 1,113 | 1,335 | 1,573 | -282 | 285 | 1,299 |
| -75 | 286 | 506 | 399 | 605 | 104 | 247 | 387 | 536 | 573 | -1,823 | 376 | |
| 1,693 | 623 | 605 | 1,102 | 1,060 | 330 | 920 | 1,131 | 1,219 | 321 | 1,549 | 1,178 | |
Growth YoY PAT Growth YoY% | 0.4 | -19.7 | -18.8 | 0.6 | -37.4 | -47.0 | 52.0 | 2.7 | 15.0 | -2.9 | 68.5 | 4.2 |
NPM NPM% | 57.8 | 30.3 | 32.1 | 40.9 | 34.7 | 14.4 | 39.2 | 35.2 | 36.2 | 14.4 | 55.0 | 30.9 |
| 1.5 | 0.5 | 0.5 | 1.0 | 0.9 | 0.2 | 0.8 | 1.1 | 1.0 | 0.2 | 1.4 | 0.8 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,931 | 2,056 | 1,887 | 2,694 | 3,052 | 2,287 | 2,347 | 3,214 | 3,365 | 2,221 | 2,816 | 3,808 | |
Growth YoY Revenue Growth YoY% | -12.9 | -20.4 | -7.0 | -2.3 | 4.1 | 11.3 | 24.4 | 19.3 | 10.3 | -2.9 | 20.0 | 18.5 |
| 1,163 | 1,303 | 735 | 1,085 | 1,247 | 1,272 | 1,142 | 1,412 | 1,338 | 2,009 | 1,620 | 1,456 | |
| 1,768 | 752 | 1,152 | 1,609 | 1,805 | 1,015 | 1,205 | 1,802 | 2,027 | 212 | 1,196 | 2,352 | |
OPM OPM% | 60.3 | 36.6 | 61.0 | 59.7 | 59.1 | 44.4 | 51.3 | 56.1 | 60.2 | 9.5 | 42.5 | 61.8 |
| 183 | 495 | 437 | 344 | 351 | 331 | 211 | 230 | 265 | 273 | 306 | 153 | |
Interest Expense Interest ExpenseCr | 116 | 133 | 365 | 244 | 308 | 649 | -12 | 261 | 278 | 310 | 574 | 606 |
Depreciation DepreciationCr | 295 | 296 | 299 | 296 | 285 | 297 | 315 | 436 | 441 | 457 | 642 | 600 |
PBT PBTCr | 1,540 | 817 | 924 | 1,414 | 1,562 | 401 | 1,113 | 1,335 | 1,573 | -282 | 285 | 1,299 |
| -75 | 286 | 506 | 399 | 605 | 104 | 247 | 387 | 536 | 573 | -1,823 | 376 | |
| 1,693 | 623 | 605 | 1,102 | 1,060 | 330 | 920 | 1,131 | 1,219 | 321 | 1,549 | 1,178 | |
Growth YoY PAT Growth YoY% | 0.4 | -19.7 | -18.8 | 0.6 | -37.4 | -47.0 | 52.0 | 2.7 | 15.0 | -2.9 | 68.5 | 4.2 |
NPM NPM% | 57.8 | 30.3 | 32.1 | 40.9 | 34.7 | 14.4 | 39.2 | 35.2 | 36.2 | 14.4 | 55.0 | 30.9 |
| 1.5 | 0.5 | 0.5 | 1.0 | 0.9 | 0.2 | 0.8 | 1.1 | 1.0 | 0.2 | 1.4 | 0.8 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 8,354 | 8,623 | 7,755 | 8,983 | 10,008 | 9,648 | 9,144 | 10,607 | 9,631 | 10,380 | 11,615 | 12,210 |
Growth Revenue Growth% | 1.3 | 3.2 | -10.1 | 15.8 | 11.4 | -3.6 | -5.2 | 16.0 | -9.2 | 7.8 | 11.9 | 12.0 |
| 3,532 | 3,779 | 3,483 | 3,983 | 4,514 | 4,273 | 3,957 | 4,339 | 4,450 | 4,745 | 6,379 | 6,423 | |
| 4,822 | 4,844 | 4,273 | 5,000 | 5,494 | 5,375 | 5,187 | 6,268 | 5,181 | 5,635 | 5,236 | 5,787 | |
OPM OPM% | 57.7 | 56.2 | 55.1 | 55.7 | 54.9 | 55.7 | 56.7 | 59.1 | 53.8 | 54.3 | 45.1 | 47.4 |
| 1,094 | 1,506 | 1,030 | 869 | 772 | 872 | 963 | 672 | 1,367 | 1,237 | 1,073 | 996 | |
Interest Expense Interest ExpenseCr | 1,118 | 1,073 | 923 | 895 | 796 | 572 | 532 | 474 | 745 | 1,189 | 1,423 | 1,768 |
Depreciation DepreciationCr | 1,432 | 1,462 | 1,469 | 1,658 | 1,614 | 1,292 | 1,190 | 1,215 | 1,184 | 1,193 | 1,976 | 2,140 |
PBT PBTCr | 3,365 | 3,815 | 2,911 | 3,316 | 3,856 | 4,383 | 4,427 | 5,252 | 4,619 | 4,490 | 2,910 | 2,875 |
| 1,000 | 1,054 | 255 | 1,324 | -79 | 895 | -557 | 976 | 1,015 | 1,355 | -327 | -338 | |
PAT PATCr | 2,365 | 2,760 | 2,656 | 1,992 | 3,935 | 3,488 | 4,984 | 4,275 | 3,604 | 3,134 | 3,237 | 4,267 |
Growth PAT Growth% | -15.5 | 16.7 | -3.8 | -25.0 | 97.5 | -11.4 | 42.9 | -14.2 | -15.7 | -13.0 | 3.3 | 24.0 |
NPM NPM% | 28.3 | 32.0 | 34.3 | 22.2 | 39.3 | 36.1 | 54.5 | 40.3 | 37.4 | 30.2 | 27.9 | 35.0 |
| 2.4 | 2.7 | 2.5 | 2.5 | 2.9 | 3.3 | 3.5 | 3.9 | 3.6 | 3.0 | 3.8 | 3.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 8,354 | 8,623 | 7,755 | 8,983 | 10,008 | 9,648 | 9,144 | 10,607 | 9,631 | 10,380 | 11,615 | 12,210 |
Growth Revenue Growth% | 1.3 | 3.2 | -10.1 | 15.8 | 11.4 | -3.6 | -5.2 | 16.0 | -9.2 | 7.8 | 11.9 | 12.0 |
| 3,532 | 3,779 | 3,483 | 3,983 | 4,514 | 4,273 | 3,957 | 4,339 | 4,450 | 4,745 | 6,379 | 6,423 | |
| 4,822 | 4,844 | 4,273 | 5,000 | 5,494 | 5,375 | 5,187 | 6,268 | 5,181 | 5,635 | 5,236 | 5,787 | |
OPM OPM% | 57.7 | 56.2 | 55.1 | 55.7 | 54.9 | 55.7 | 56.7 | 59.1 | 53.8 | 54.3 | 45.1 | 47.4 |
| 1,094 | 1,506 | 1,030 | 869 | 772 | 872 | 963 | 672 | 1,367 | 1,237 | 1,073 | 996 | |
Interest Expense Interest ExpenseCr | 1,118 | 1,073 | 923 | 895 | 796 | 572 | 532 | 474 | 745 | 1,189 | 1,423 | 1,768 |
Depreciation DepreciationCr | 1,432 | 1,462 | 1,469 | 1,658 | 1,614 | 1,292 | 1,190 | 1,215 | 1,184 | 1,193 | 1,976 | 2,140 |
PBT PBTCr | 3,365 | 3,815 | 2,911 | 3,316 | 3,856 | 4,383 | 4,427 | 5,252 | 4,619 | 4,490 | 2,910 | 2,875 |
| 1,000 | 1,054 | 255 | 1,324 | -79 | 895 | -557 | 976 | 1,015 | 1,355 | -327 | -338 | |
PAT PATCr | 2,365 | 2,760 | 2,656 | 1,992 | 3,935 | 3,488 | 4,984 | 4,275 | 3,604 | 3,134 | 3,237 | 4,267 |
Growth PAT Growth% | -15.5 | 16.7 | -3.8 | -25.0 | 97.5 | -11.4 | 42.9 | -14.2 | -15.7 | -13.0 | 3.3 | 24.0 |
NPM NPM% | 28.3 | 32.0 | 34.3 | 22.2 | 39.3 | 36.1 | 54.5 | 40.3 | 37.4 | 30.2 | 27.9 | 35.0 |
| 2.4 | 2.7 | 2.5 | 2.5 | 2.9 | 3.3 | 3.5 | 3.9 | 3.6 | 3.0 | 3.8 | 3.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 11,071 | 10,259 | 10,259 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 |
Reserves ReservesCr | 20,572 | 18,756 | 19,782 | 20,753 | 21,336 | 23,008 | 24,876 | 26,916 | 28,624 | 29,623 | 31,392 |
| 5,090 | 5,560 | 6,062 | 6,201 | 6,300 | 6,203 | 6,606 | 7,942 | 8,616 | 10,176 | 14,106 | |
| 22,900 | 22,220 | 23,886 | 26,858 | 30,814 | 31,035 | 32,894 | 36,433 | 39,791 | 47,338 | 57,500 | |
| 62,800 | 60,177 | 62,924 | 66,725 | 71,269 | 73,127 | 77,285 | 86,210 | 92,265 | 1,02,678 | 1,20,011 | |
| 12,657 | 8,329 | 6,813 | 7,985 | 9,561 | 9,390 | 8,846 | 10,757 | 10,902 | 11,273 | 14,667 | |
| 50,143 | 51,849 | 56,111 | 58,741 | 61,707 | 63,737 | 68,438 | 75,453 | 81,363 | 91,404 | 1,05,344 | |
| 62,800 | 60,177 | 62,924 | 66,725 | 71,269 | 73,127 | 77,285 | 86,210 | 92,265 | 1,02,678 | 1,20,011 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 11,071 | 10,259 | 10,259 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 |
Reserves ReservesCr | 20,572 | 18,756 | 19,782 | 20,753 | 21,336 | 23,008 | 24,876 | 26,916 | 28,624 | 29,623 | 31,392 |
| 5,090 | 5,560 | 6,062 | 6,201 | 6,300 | 6,203 | 6,606 | 7,942 | 8,616 | 10,176 | 14,106 | |
| 22,900 | 22,220 | 23,886 | 26,858 | 30,814 | 31,035 | 32,894 | 36,433 | 39,791 | 47,338 | 57,500 | |
| 62,800 | 60,177 | 62,924 | 66,725 | 71,269 | 73,127 | 77,285 | 86,210 | 92,265 | 1,02,678 | 1,20,011 | |
| 12,657 | 8,329 | 6,813 | 7,985 | 9,561 | 9,390 | 8,846 | 10,757 | 10,902 | 11,273 | 14,667 | |
| 50,143 | 51,849 | 56,111 | 58,741 | 61,707 | 63,737 | 68,438 | 75,453 | 81,363 | 91,404 | 1,05,344 | |
| 62,800 | 60,177 | 62,924 | 66,725 | 71,269 | 73,127 | 77,285 | 86,210 | 92,265 | 1,02,678 | 1,20,011 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,971 | 8,329 | 4,696 | 3,824 | 2,993 | 5,070 | 4,590 | 4,705 | 7,252 | 5,026 | 3,294 | |
| -746 | -1,864 | -886 | -1,182 | -2,987 | -1,607 | -3,084 | -4,246 | -5,940 | -7,550 | -11,139 | |
| -4,000 | -7,812 | -3,863 | -2,637 | 12 | -3,058 | -638 | -795 | -924 | 1,904 | 8,928 | |
Net Cash Flow Net Cash FlowCr | 1,224 | -1,347 | -53 | 5 | 17 | 405 | 867 | -336 | 388 | -620 | 1,082 |
Free Cash Flow Free Cash FlowCr | 3,824 | 6,742 | 3,133 | 2,464 | -639 | 3,012 | 888 | -269 | 285 | -3,823 | |
CFO To PAT CFO To PAT% | 252.5 | 301.8 | 176.8 | 191.9 | 76.0 | 145.4 | 92.1 | 110.0 | 201.2 | 160.4 | 101.8 |
CFO To EBITDA CFO To EBITDA% | 123.8 | 171.9 | 109.9 | 76.5 | 54.5 | 94.3 | 88.5 | 75.1 | 140.0 | 89.2 | 62.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,971 | 8,329 | 4,696 | 3,824 | 2,993 | 5,070 | 4,590 | 4,705 | 7,252 | 5,026 | 3,294 | |
| -746 | -1,864 | -886 | -1,182 | -2,987 | -1,607 | -3,084 | -4,246 | -5,940 | -7,550 | -11,139 | |
| -4,000 | -7,812 | -3,863 | -2,637 | 12 | -3,058 | -638 | -795 | -924 | 1,904 | 8,928 | |
Net Cash Flow Net Cash FlowCr | 1,224 | -1,347 | -53 | 5 | 17 | 405 | 867 | -336 | 388 | -620 | 1,082 |
Free Cash Flow Free Cash FlowCr | 3,824 | 6,742 | 3,133 | 2,464 | -639 | 3,012 | 888 | -269 | 285 | -3,823 | |
CFO To PAT CFO To PAT% | 252.5 | 301.8 | 176.8 | 191.9 | 76.0 | 145.4 | 92.1 | 110.0 | 201.2 | 160.4 | 101.8 |
CFO To EBITDA CFO To EBITDA% | 123.8 | 171.9 | 109.9 | 76.5 | 54.5 | 94.3 | 88.5 | 75.1 | 140.0 | 89.2 | 62.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 26,680 | 32,881 | 28,367 | 24,861 | 20,040 | 24,560 | 27,925 | 40,381 | 90,034 | 82,620 | 74,012 | 77,086 |
Price To Earnings Price To Earnings | 13.0 | 10.9 | 11.3 | 9.6 | 7.0 | 7.5 | 7.9 | 10.3 | 25.0 | 27.5 | 19.6 | 21.7 |
Price To Sales Price To Sales | 3.2 | 3.8 | 3.6 | 2.8 | 2.0 | 2.5 | 3.0 | 3.8 | 9.3 | 7.9 | 6.3 | 6.3 |
Price To Book Price To Book | 0.8 | 1.1 | 0.9 | 0.8 | 0.6 | 0.7 | 0.8 | 1.1 | 2.3 | 2.1 | 1.8 | 1.9 |
EV To EBITDA EV To EBITDA | 7.8 | 9.7 | 9.8 | 8.0 | 7.3 | 8.5 | 10.0 | 10.7 | 23.0 | 21.2 | 23.4 | 21.6 |
GPM GPM% | 87.2 | 87.2 | 86.7 | 87.4 | 85.3 | 85.3 | 84.8 | 86.5 | 86.1 | 86.3 | 85.2 | 85.2 |
OPM OPM% | 57.7 | 56.2 | 55.1 | 55.7 | 54.9 | 55.7 | 56.7 | 59.1 | 53.8 | 54.3 | 45.1 | 47.4 |
NPM NPM% | 28.3 | 32.0 | 34.3 | 22.2 | 39.3 | 36.1 | 54.5 | 40.3 | 37.4 | 30.2 | 27.9 | 35.0 |
ROCE ROCE% | 9.0 | 10.5 | 8.2 | 8.7 | 8.8 | 8.8 | 8.1 | 8.6 | 7.5 | 7.2 | 4.6 | 4.6 |
ROE ROE% | 7.5 | 9.5 | 8.8 | 6.5 | 12.5 | 10.6 | 14.3 | 11.6 | 9.3 | 7.9 | 7.8 | 7.8 |
ROA ROA% | 3.8 | 4.6 | 4.2 | 3.0 | 5.5 | 4.8 | 6.5 | 5.0 | 3.9 | 3.0 | 2.7 | 2.7 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 26,680 | 32,881 | 28,367 | 24,861 | 20,040 | 24,560 | 27,925 | 40,381 | 90,034 | 82,620 | 74,012 | 77,086 |
Price To Earnings Price To Earnings | 13.0 | 10.9 | 11.3 | 9.6 | 7.0 | 7.5 | 7.9 | 10.3 | 25.0 | 27.5 | 19.6 | 21.7 |
Price To Sales Price To Sales | 3.2 | 3.8 | 3.6 | 2.8 | 2.0 | 2.5 | 3.0 | 3.8 | 9.3 | 7.9 | 6.3 | 6.3 |
Price To Book Price To Book | 0.8 | 1.1 | 0.9 | 0.8 | 0.6 | 0.7 | 0.8 | 1.1 | 2.3 | 2.1 | 1.8 | 1.9 |
EV To EBITDA EV To EBITDA | 7.8 | 9.7 | 9.8 | 8.0 | 7.3 | 8.5 | 10.0 | 10.7 | 23.0 | 21.2 | 23.4 | 21.6 |
GPM GPM% | 87.2 | 87.2 | 86.7 | 87.4 | 85.3 | 85.3 | 84.8 | 86.5 | 86.1 | 86.3 | 85.2 | 85.2 |
OPM OPM% | 57.7 | 56.2 | 55.1 | 55.7 | 54.9 | 55.7 | 56.7 | 59.1 | 53.8 | 54.3 | 45.1 | 47.4 |
NPM NPM% | 28.3 | 32.0 | 34.3 | 22.2 | 39.3 | 36.1 | 54.5 | 40.3 | 37.4 | 30.2 | 27.9 | 35.0 |
ROCE ROCE% | 9.0 | 10.5 | 8.2 | 8.7 | 8.8 | 8.8 | 8.1 | 8.6 | 7.5 | 7.2 | 4.6 | 4.6 |
ROE ROE% | 7.5 | 9.5 | 8.8 | 6.5 | 12.5 | 10.6 | 14.3 | 11.6 | 9.3 | 7.9 | 7.8 | 7.8 |
ROA ROA% | 3.8 | 4.6 | 4.2 | 3.0 | 5.5 | 4.8 | 6.5 | 5.0 | 3.9 | 3.0 | 2.7 | 2.7 |
Documents — NHPC Ltd
Concall Transcript Summaries — NHPC Ltd