NHPC
(10:14, 21 May 2025)
Consolidated net sales (including other operating income) of NHPC for the quarter ended Mar 2025 has increased 24.38% to Rs 2346.97 crore.  Operating profit margin has declined from 70.91% to 48.74%, leading to 14.51% decline in operating profit to Rs 1,143.88 crore.  Employee cost decreased from 21.40% to 17.94%.   Other expenses rose from 17.57% to 35.60%.   Power and Oil fuel cost fell from 13.05% to 4.17%.   Other income fell 24.88% to Rs 325.44 crore.  PBIDT fell 17.05% to Rs 1469.32 crore.   PBDT rose 5.33% to Rs 1481.41 crore.  Provision for depreciation rose 5.09% to Rs 314.74 crore.   Profit before tax grew 5.39% to Rs 1,166.67 crore.  Share of profit/loss was 97.04% lower at Rs 0.11 crore.  Provision for tax was expense of Rs 247.15 crore, compared to Rs 505.71 crore.  Effective tax rate was 21.18% compared to 45.53%. Minority interest increased 7.97% to Rs 65.99 crore.  Net profit attributable to owners of the company increased 56.95% to Rs 853.64 crore.  

Standalone net sales (including other operating income) of NHPC for the quarter ended Mar 2025 has increased 24.83% to Rs 2,058.54 crore.  Operating profit margin has declined from 70.23% to 45.79%, leading to 18.61% decline in operating profit to Rs 942.68 crore.  Employee cost decreased from 22.30% to 17.83%.   Other expenses rose from 17.40% to 37.65%.   Power and Oil fuel cost fell from 14.97% to 4.73%.   Other income fell 32.52% to Rs 396.81 crore.  PBIDT fell 23.29% to Rs 1339.49 crore.    PBDT fell 1.97% to Rs 1369.87 crore.  Provision for depreciation rose 4.61% to Rs 293.1 crore.   Profit before tax down 3.61% to Rs 1,076.77 crore.  Provision for tax was expense of Rs 182.85 crore, compared to Rs 423.8 crore.  Effective tax rate was 16.98% compared to 37.94%. Profit after tax rose 28.93% to Rs 893.92 crore.  


Full year results analysis.


Consolidated net sales (including other operating income) of NHPC for the fiscal ended Mar 2025 has increased 7.78% to Rs 10379.86 crore.  Operating profit margin has declined from 57.90% to 55.85%, leading to 3.96% rise in operating profit to Rs 5,797.36 crore.  Employee cost increased from 14.72% to 17.57%.   Other expenses fell from 31.48% to 29.25%.   Power and Oil fuel cost fell from 8.47% to 7.70%.   Other income fell 0.99% to Rs 1349.45 crore.  PBIDT rose 2.99% to Rs 7146.81 crore.  Provision for interest rose 59.62% to Rs 1188.94 crore.  Loan funds rose to Rs 39,556.78 crore as of 31 March 2025 from Rs 32,560.80 crore as of 31 March 2024.  Inventories rose to Rs 257.11 crore as of 31 March 2025 from Rs 190.08 crore as of 31 March 2024.  Sundry debtors were higher at Rs 4,793.15 crore as of 31 March 2025 compared to Rs 4,419.90 crore as of 31 March 2024.  Cash and bank balance declined from Rs 3,622.38 crore as of 31 March 2024 to Rs 2,750.94 crore as of 31 March 2025.  Investments declined from Rs 479.04 crore as of 31 March 2024 to Rs 444.12 crore as of 31 March 2025.  PBDT fell 3.82% to Rs 5957.87 crore.  Provision for depreciation rose 0.75% to Rs 1193.04 crore.  Fixed assets increased to Rs 72,560.21 crore as of 31 March 2025 from Rs 61,087.47 crore as of 31 March 2024.  Intangible assets increased from Rs 183.96 crore to Rs 208.63 crore.  Profit before tax down 4.90% to Rs 4,764.83 crore.  Share of profit/loss was 46.36% lower at Rs 2.36 crore.  Provision for tax was expense of Rs 1355.46 crore, compared to Rs 1015.41 crore.  Effective tax rate was 28.43% compared to 20.25%. Minority interest increased 0.36% to Rs 405.06 crore.  Net profit attributable to owners of the company decreased 16.39% to Rs 3,006.67 crore.  

Standalone net sales (including other operating income) of NHPC for the fiscal ended Mar 2025 has increased 7.12% to Rs 8,994.26 crore.  Operating profit margin has declined from 53.72% to 52.18%, leading to 4.05% rise in operating profit to Rs 4,692.96 crore.  Employee cost increased from 15.36% to 18.28%.   Other expenses fell from 33.70% to 31.11%.   Power and Oil fuel cost fell from 9.70% to 8.85%.   Other income fell 1.31% to Rs 1579.15 crore.  PBIDT rose 2.65% to Rs 6272.11 crore.  Provision for interest up 57.98% to Rs 1147 crore.  Loan funds rose to Rs 36,001.90 crore as of 31 March 2025 from Rs 31,001.66 crore as of 31 March 2024.  Inventories rose to Rs 243.21 crore as of 31 March 2025 from Rs 177.00 crore as of 31 March 2024.  Sundry debtors were higher at Rs 4,411.09 crore as of 31 March 2025 compared to Rs 3,975.67 crore as of 31 March 2024.  Cash and bank balance declined from Rs 1,150.36 crore as of 31 March 2024 to Rs 812.15 crore as of 31 March 2025.  Investments rose to Rs 5,926.39 crore as of 31 March 2025 from Rs 4,643.88 crore as of 31 March 2024 .  PBDT fell 4.81% to Rs 5125.11 crore.  Provision for depreciation rose 1.27% to Rs 1125.06 crore.  Fixed assets increased to Rs 59,113.66 crore as of 31 March 2025 from Rs 52,108.57 crore as of 31 March 2024.  Intangible assets increased from Rs 181.99 crore to Rs 208.04 crore.  Profit before tax down 6.40% to Rs 4,000.05 crore.  Provision for tax was expense of Rs 916.07 crore, compared to Rs 551.54 crore.  Effective tax rate was 22.90% compared to 12.91%. Profit after tax fell 17.14% to Rs 3,083.98 crore.  

Standalone cash flow from operating activities decreased to Rs 4,160.05 crore for year ended March 2025 from Rs 5,707.72 crore for year ended March 2024.  Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 4,495.66 crore, compared to Rs 3,316.05 crore during the year ended March 2024.  

Equity capital stood at Rs 10,045.03 crore as of 31 March 2025 to Rs 10,045.03 crore as of 31 March 2024.  Per share face Value remained same at Rs 10.00.   Promoters' stake was 67.40% as of 31 March 2025 ,compared to 67.40% as of 31 March 2024 .  


NHPC : Consolidated Results
 Quarter endedYear ended
Particulars202503202403Var.(%)202503202403Var.(%)
Net Sales (including other operating income)2,346.971,886.9424.3810,379.869,630.967.78
OPM (%)48.7470.91-2,217 bps55.8557.90-205 bps
OP1,143.881,338.00-14.515,797.365,576.573.96
Other Inc.325.44433.24-24.881,349.451,362.95-0.99
PBIDT1,469.321,771.24-17.057,146.816,939.522.99
Interest-12.09364.74LP1,188.94744.8459.62
PBDT1,481.411,406.505.335,957.876,194.68-3.82
Depreciation314.74299.495.091193.041184.130.75
PBT1,166.671,107.015.394764.835010.55-4.90
Share of Profit/(Loss) from Associates0.113.72-97.042.364.4-46.36
PBT before EO1166.781110.735.054767.195014.95-4.94
EO Income00-00-
PBT after EO1166.781110.735.054767.195014.95-4.94
Taxation247.15505.71-51.131355.461015.4133.49
PAT919.63605.0252.003411.733999.54-14.70
Minority Interest (MI)65.9961.127.97405.06403.590.36
Net profit853.64543.956.953006.673595.95-16.39
P/(L) from discontinued operations net of tax00-00-
Net profit after discontinued operations853.64543.956.953006.673595.95-16.39
EPS (Rs)*0.800.36123.772.723.19-14.72
* EPS is on current equity of Rs 10,045.03 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database
NHPC : Standalone Results
Quarter endedYear ended
Particulars202503202403Var.(%)202503202403Var.(%)
Net Sales (including other operating income)2,058.541,649.0924.838,994.268,396.507.12
OPM (%)45.7970.23-2,444 bps52.1853.72-154 bps
OP942.681,158.17-18.614,692.964,510.244.05
Other Inc.396.81588.01-32.521,579.151,600.16-1.31
PBIDT1,339.491,746.18-23.296,272.116,110.402.65
Interest-30.38348.84LP1147726.0657.98
PBDT1,369.871,397.34-1.975,125.115,384.34-4.81
Depreciation293.1280.194.611125.0611111.27
PBT1,076.771,117.15-3.614000.054273.34-6.40
PBT before EO1076.771117.15-3.614000.054273.34-6.40
EO Income00-00-
PBT after EO1076.771117.15-3.614000.054273.34-6.40
Taxation182.85423.8-56.85916.07551.5466.09
PAT893.92693.3528.933083.983721.8-17.14
P/(L) from discontinued operations net of tax00-00-
Net profit after discontinued operations893.92693.3528.933083.983721.8-17.14
EPS (Rs)*0.860.5363.852.933.47-15.64
* EPS is on current equity of Rs 10,045.03 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

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