NHPC Limited — Investor Meet, 25-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

NHPC's FY26 revenue grew 12% to Rs. 11,615 Cr, with PAT up 25% to Rs. 3,766 Cr. Q4 saw revenue up 20% to Rs. 2,816 Cr and PAT up 71% to Rs. 1,460 Cr, impacted by a ~Rs. 900 Cr deferred tax adjustment.

The company commissioned four Subansiri Lower units, with four more expected by March'27. Construction for Uri-I Stage-II and Dulhasti Stage-II is underway. NHPC plans to begin the 640 MW Indira Sagar-Omkareshwar Pumped Storage Project this fiscal, part of its 18 GW pipeline. Teesta-V generation is anticipated by June'26. Management is confident in CERC tariff recoveries for new assets, projecting significant regulated equity growth.