NHPC Announces Dividend Amid Falling Profits and Strategic Withdrawals

State-owned NHPC reported a 3% decline in its net profit for the December quarter of FY26, primarily due to reduced income. The company's total income fell, and expenses increased significantly. NHPC's board approved an interim dividend, canceled agreements for solar projects, and withdrew its nominee director from PTC India.

State-owned NHPC experienced a roughly 3% drop in net profit, amounting to Rs 320.60 crore for the December quarter of FY26, as reported in an exchange filing. This decline was attributed to a reduction in income compared to the same period in the previous financial year, where a profit of Rs 330.13 crore was recorded.

The company's total income decreased from Rs 2,616.89 crore in Q3FY25 to Rs 2,492.83 crore in the current quarter. Meanwhile, expenses significantly increased to Rs 2,775.99 crore from the previous Rs 2,217.51 crore, reflecting the financial pressures faced by NHPC.

In response, NHPC's board sanctioned an interim dividend of Rs 1.40 per equity share for the 2025-26 fiscal year. Additionally, strategic changes were made, including the cancellation of a joint venture with Green Energy Development Corporation of Odisha Limited for floating solar projects, alongside a withdrawal from its promoter status with PTC India Limited.

(With inputs from agencies.)