Reduce NHPC: target of Rs 72: ICICI Securities
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓ICICI Securities kept a reduce rating on NHPC with a target price of Rs 72.
- ✓The company reported strong Q2FY27 results, as consolidated generation rose to 14BU.
- ✓Better performance at Teesta-V and Subansiri helped revenues grow 55% to Rs 44bn.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
ICICI Securities research report on NHPC NHPC reported a strong Q2FY27 print, with consolidated plant availability of 92.24% (vs. 78.58% YoY), which led to healthy consolidated generation of ~14BU (vs. 11.9BU YoY), driven by 1) the resumption of the Teesta-V project, 2) capacity addition at Subansiri, and 3) improved performance of Parbati II. Consequently, standalone revenues grew 55% YoY to ~INR 44bn, with an EBITDA of ~INR 29bn (+78% YoY), which led to adj. PAT of INR 15.3bn, despite a oneoff of INR 2.3bn. NHPC has guided for 3.7GW capacity addition through FY28 (2.5GW hydro and balance through RE), with capex of INR 143bn/INR 150bn planned for FY27E/FY28E. Outlook Revenue at Subansiri and Parbati II is being recognised at 80% of the cost, with a final tariff order expected soon.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
MoneyControl
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.