NHPC Q1 FY27 preview: Street sees ₹3,702 cr revenue

What is scheduled and why it matters

NHPC Ltd. is set to report its quarterly financials for the quarter ended June 30, 2026, with the company’s board meeting scheduled on August 04, 2026 to consider and approve the unaudited results. For investors in India’s power and renewable energy space, NHPC’s quarterly print is closely watched because hydropower earnings can swing with generation trends, costs, and other income. Ahead of the announcement, a set of brokerage estimates indicates a mixed picture for the June quarter, with revenue expected to rise but profit seen lower year-on-year.

The available estimates in the provided data point to a rise in net sales for the quarter, while bottom line is expected to soften versus the year-ago period and drop sharply sequentially. Separately, the company has also communicated about submission of a machine-readable and searchable PDF copy of financial results for the period ended March 31, 2026, as per an email from NSE.

Key dates and disclosures in focus

The company’s results are tied to a board meeting on August 04, 2026 for the quarter ended June 30, 2026. The data also flags an “Upcoming Earnings date for NHPC Ltd. is 15th May, 2026” along with “Q4 FY25-26 | 15th May, 2026,” indicating earlier scheduled reporting around FY26 year-end.

A separate corporate update in the input notes that NHPC “earns Net Profit of Rs. 3618 Crore during FY 2025-26” and “declares dividend of Rs. 0.21 per share” (dated May 15, 2026). These points provide context on the company’s recent full-year outcome and shareholder payout.

Street expectations for the June quarter

According to the average of estimates from four broking firms cited in the input, NHPC’s net profit for the June quarter is seen at INR 10.4 billion (₹1,040 crore), down 3% year-on-year and nearly 22% from the trailing quarter. Revenue is expected to climb strongly, with net sales estimated at about INR 37 billion (₹3,700 crore), described as over 24% year-on-year and over 35% quarter-on-quarter growth.

EBITDA is estimated at INR 22.6 billion (₹2,260 crore) based on the average, with the lowest and highest brokerage estimates also provided. The range of estimates highlights different views on operating performance and cost trajectory.

Brokerage estimates table (converted to ₹ crore)

All brokerage estimates below were provided in INR billion in the source and are converted here to ₹ crore (1 INR billion = 100 ₹ crore) for consistency.

The same dataset notes the lowest net profit estimate is INR 9.1 billion (₹910 crore) by JM Financial Institutional Securities and the highest is INR 11.9 billion (₹1,190 crore) by Bank of America Global Research. For revenue, the highest estimate cited is INR 40.2 billion (₹4,020 crore) and the lowest is INR 35.3 billion (₹3,530 crore).

Quick reference: prior quarter base in the input

The input includes quick details for the upcoming quarter tagged as “Q1 FY 2026-2027,” along with the immediately preceding quarter’s base numbers. These are shown as:

• Previous quarter revenue: Rs. 2,977 crore
• Previous quarter PAT: Rs. 1,571 crore

If the June quarter estimates are met near the average, the implied sequential comparison suggests revenue growth versus the previous quarter base, alongside a lower profit level than the prior quarter figure cited.

What NHPC reported earlier for a June quarter (historical context)

For the quarter ended June (presented in the input as Q1 results), NHPC reported total revenue of ₹3,213.77 crore versus ₹2,694.20 crore a year earlier, a 19.28% year-on-year increase. Net profit (profit after tax attributable to owners of the parent company) is stated as ₹1,065.02 crore versus ₹1,021.77 crore, up 4.23% year-on-year.

The input also reports EBITDA rising 12% year-on-year to ₹1,801.51 crore from ₹1,609.47 crore, while the EBITDA margin contracted to 56.1% from 59.7%. Alongside this, a separate line notes total income of ₹3,442.76 crore, up from ₹3,037.92 crore, even as other income declined (a 33.38% decline in other income is mentioned in one section).

Quarterly snapshot table from the provided results panel

The following table is reproduced from the quarterly “Q1 Results Highlights” panel in the input, where figures are in ₹ crore (except per share values).

Operational data and balance sheet points cited

Operationally, the input notes consolidated generation increased to 8,813 MU in Q1 FY26 from 7,914 MU in Q1 FY25, and that this represented 22% of India’s total hydropower generation for the quarter. Such generation metrics matter for hydropower players because revenue and profitability are sensitive to output and grid offtake.

On the balance sheet, the statement of assets and liabilities in the input shows shareholders’ funds rising to ₹40,725.71 crore in Q1 FY26 from ₹39,668.16 crore at the end of FY25. At the same time, long-term borrowings increased to ₹37,977.55 crore from ₹35,681.73 crore, reflecting ongoing capital expenditure and expansion activity.

Stock move mentioned alongside results

The input notes that after one set of quarterly results, NHPC stock “settled 0.55% higher at Rs 83.91 apiece on the NSE,” while the Nifty 50 declined 0.46% on the day. Separately, the dataset also shows “-1.67 (-2.12%) as on 01 Jun, 2026 | 15:59,” indicating a point-in-time decline, though the broader context for that move is not detailed in the text.

Market impact: what investors will track on August 04

The immediate market focus is likely to be whether NHPC’s reported net sales and EBITDA land near the brokerage range and how profit compares with both the year-ago quarter and the prior quarter base cited in the quick details. With the average estimate pointing to net profit of about ₹1,037 crore and revenue of about ₹3,702 crore, deviations from these levels can shift near-term sentiment.

Investors will also watch any commentary that explains cost lines and profitability, especially because margin movement is highlighted in the historical quarter data. Given the balance sheet numbers cited, any update on borrowing needs and project timelines can matter for the cost of capital and future earnings profile.

Why the estimates matter (grounded analysis)

The estimates suggest a quarter where top-line growth may not automatically translate into higher profit, a dynamic that is common in utilities when costs, depreciation, interest, or other income move unfavourably. The spread between the lowest and highest broker profit estimates (₹915 crore to ₹1,188 crore) indicates uncertainty on earnings drivers.

The FY 2025-26 net profit figure of ₹3,618 crore and the dividend of ₹0.21 per share also frame expectations around shareholder returns. Any clarification on dividend policy or capital allocation would be relevant, particularly in a period when long-term borrowings are rising alongside expansion plans.

Conclusion

NHPC’s August 04, 2026 board meeting and the June-quarter results are expected to provide clarity on whether the company delivered the revenue growth implied by brokerage estimates while managing profitability pressures. The key numbers in focus are the estimated revenue of about ₹3,702 crore and profit of about ₹1,037 crore on an average basis, along with EBITDA of about ₹2,255 crore. Investors will also look for updates consistent with the company’s recent FY 2025-26 profit of ₹3,618 crore and the announced dividend of ₹0.21 per share. The next confirmed step is the board consideration and approval of the unaudited results for the quarter ended June 30, 2026.