NHPC Limited, the state-owned hydropower giant, reported a 37% year-on-year decline in its consolidated net profit for the September quarter, posting ₹1,069.28 crore compared to ₹1,693.26 crore in the same period last year. The drop in profit was largely due to exceptional expenses incurred during the quarter.
In an exchange filing, NHPC reported a rise in total income to ₹3,402.09 crore in Q2 FY25, up from ₹3,113.82 crore in the same quarter of FY24. The company’s expenses also saw an increase, rising to ₹1,831.08 crore from ₹1,573.54 crore in the year-ago quarter.
A significant portion of the increased expenses was attributed to interest payments on contractor claims settled under the government’s Vivad Se Vishwas II Scheme (Contractual Disputes). During the quarter, NHPC paid ₹203.12 crore, and for the half-year period ended September 30, 2024, the total payment stood at ₹350.03 crore.
Despite the profit decline, NHPC’s income growth signals continued operational momentum, though the exceptional expenses related to the Vivad Se Vishwas II Scheme impacted the bottom line. The company remains focused on managing costs and resolving contractual disputes in the coming months.
