NHPC Q2 FY27 consolidated revenue Rs 4,482.55 cr; PAT Rs 1,657.57 cr

What the numbers show

• Net margin was 36.98% of revenue, up 74 bps from 36.23%.
• Total expenses rose 34.8% while revenue rose 33.2%.

• Revenue from operations (consolidated, Q2 FY27): Rs 4,482.55 cr, up from Rs 3,365.26 cr in Q2 FY26 (statement of financial results, consolidated).

• Total income: Rs 4,669.58 cr in Q2 FY27 vs Rs 3,629.98 cr in Q2 FY26.

• Total expenses: Rs 2,772.98 cr in Q2 FY27 vs Rs 2,057.54 cr in Q2 FY26.

• Finance costs: Rs 556.17 cr in Q2 FY27 vs Rs 277.69 cr in Q2 FY26.

• Depreciation, amortization and impairment expense: Rs 610.03 cr in Q2 FY27 vs Rs 441.46 cr in Q2 FY26.

• Profit before tax and regulatory deferral account balances: Rs 1,897.55 cr in Q2 FY27 vs Rs 1,572.53 cr in Q2 FY26.

• Total tax expense: Rs 535.99 cr in Q2 FY27, unchanged from Rs 535.99 cr in Q2 FY26.

• Profit before movement in regulatory deferral account balances: Rs 1,361.56 cr in Q2 FY27 vs Rs 1,036.54 cr in Q2 FY26.

• Movement in regulatory deferral account balances (net of tax): Rs 296.01 cr in Q2 FY27 vs Rs 182.74 cr in Q2 FY26.

• Profit for the period: Rs 1,657.57 cr in Q2 FY27 vs Rs 1,219.28 cr in Q2 FY26.

• Earnings per share (basic and diluted, excluding movements in regulatory deferral account balances, not annualised): Rs 1.25 in Q2 FY27 vs Rs 0.83 in Q2 FY26.

• Earnings per share (basic and diluted, including movements in regulatory deferral account balances, not annualised): Rs 1.54 in Q2 FY27 vs Rs 1.02 in Q2 FY26.

• Net profit attributable to owners of the parent company: Rs 1,549.09 cr in Q2 FY27 vs Rs 1,021.44 cr in Q2 FY26.

• Net profit attributable to non-controlling interest: Rs 108.48 cr in Q2 FY27 vs Rs 197.84 cr in Q2 FY26.

• Other comprehensive income: loss of Rs 138.58 cr in Q2 FY27 vs income of Rs 5.52 cr in Q2 FY26.

• Total comprehensive income for the period: Rs 1,518.99 cr in Q2 FY27 vs Rs 1,224.80 cr in Q2 FY26.

• Net worth attributable to owners of the company: Rs 43,740.96 cr as at 30.09.2026 vs Rs 41,239.79 cr as at 30.09.2025.

For the half year ended 30.09.2026, consolidated revenue from operations was Rs 8,290.86 cr compared with Rs 6,579.03 cr in the half year ended 30.09.2025, and profit for the period was Rs 2,835.66 cr versus Rs 2,350.44 cr. Total income for the half year stood at Rs 8,629.30 cr against Rs 7,072.74 cr a year earlier, while total expenses were Rs 5,434.51 cr compared with Rs 4,166.37 cr.

According to the statement of consolidated financial results, finance costs for the half year were Rs 1,161.93 cr (Rs 538.49 cr in the corresponding half year), and depreciation, amortization and impairment expense was Rs 1,209.68 cr (Rs 877.23 cr a year earlier). Profit before tax and regulatory deferral account balances for the half year was Rs 3,196.94 cr versus Rs 2,907.08 cr in the prior-year half.

Earnings per share (basic and diluted, not annualised) for the half year, excluding movements in regulatory deferral account balances, were Rs 2.09 compared with Rs 1.71 in the half year ended 30.09.2025. Including movements in regulatory deferral account balances, EPS for the half year was Rs 2.63 versus Rs 2.08 a year earlier.