NHPC reported its earnings for the quarter ended June on Wednesday evening.

What Happened: The company’s net profit for the quarter went up around 1.18% to ₹1,108.46 crore, compared to the ₹1,095.38 crore posted in the same quarter of the previous year. Revenue from operations came in at ₹2,694 crore, down around 2% from the ₹2,757 crore posted in the year-ago period.

Analysts had estimated a revenue of around ₹2,810 crore with a net profit of ₹950 crore. EBITDA for the quarter came in at ₹1,462.6 crore with an EBITDA margin of 54.3%.

The company also announced that Raj Kumar Chaudhary has assumed the charge of the post of chairman and managing director, at NHPC.

See Also: Oil India Shares Surge 7% Ahead Of Q1 Result Announcement, Revenue Expected To Grow 22% To ₹5706 Cr

Last month, Tata Power Renewable Energy (TPREL) and NHPC Renewable Energy Limited (NHPC-REL) entered into a Memorandum of Understanding (MoU) to implement rooftop solar projects across government buildings by December 2025.

Price Action: NHPC’s share price was up 2.80% to close at ₹100.55 on Wednesday.

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