NHPC Shares Tumbled Over 3%: Released Q2 FY25 Results

On November 8, 2024, NHPC share price dropped by approximately 3% in morning trade, reaching the day low of ₹80.34 at 09:45 AM. The decline in the share price followed the announcement of the company’s financial results for Q2 FY25, during which NHPC reported a 41.2% decrease in net profit. The company’s net profit stood at ₹909 crore, down from ₹1,546 crore in the same quarter of the previous year.

Q2FY25 Performance

Despite the drop in profit, NHPC saw a 4.1% increase in revenue, which grew to ₹3,052 crore from ₹2,931.3 crore in Q2 FY24. The company also reported steady growth in operational revenue, which amounted to ₹2,694 crore in Q1 FY25, indicating an upward trend from the previous quarter.

EBITDA for Q2 FY25 showed a modest 1.7% year-on-year growth, rising to ₹1,799 crore compared to ₹1,768.4 crore in Q2 FY24. However, NHPC’s EBITDA margin contracted to 58.9%, down from 60.3% in the same period last year, reflecting pressure on operational efficiency.

Total expenses for the quarter increased to ₹1,831 crore, up from ₹1,540 crore in the previous year. The rise in costs was primarily due to higher input and operational expenses. On a positive note, the company reported a significant increase in other income, which nearly doubled to ₹350 crore from ₹182 crore in the corresponding quarter last year, helping to mitigate some of the profitability challenges.

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