In This Article:
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Power Generation: 15,013 million units, down 11% from 16,797 million units year-over-year.
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Revenue from Operations: INR 4,969 crore, down 2% from INR 5,056 crore year-over-year.
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Profit After Tax (PAT): INR 1,929 crore, down 23% from INR 2,500 crore year-over-year.
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Plant Availability Factor: 82.68%, down from 91.93% year-over-year.
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Other Income: INR 739 crore, up 81% from INR 408 crore year-over-year.
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Finance Cost: Increased to INR 536 crore from INR 245 crore year-over-year.
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Trade Receivables: INR 4,266 crore as of September 30, 2024, down from INR 5,974 crore year-over-year.
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CapEx: INR 4,812 crore for the half year.
Release Date: November 08, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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NHPC Ltd (BOM:533098) achieved significant progress in its ongoing projects, with 94% physical progress in the Swansea Lower project and 98% in the Poverty project.
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The company has successfully commissioned an 88 MW floating solar power project, showcasing its commitment to renewable energy.
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NHPC Ltd (BOM:533098) has secured a substantial investment plan of INR50,000 crore for renewable energy projects in Rajasthan.
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The company has maintained a strong regulated equity position, expected to more than double from INR13,000 crore to INR28,500 crore over the next four years.
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NHPC Ltd (BOM:533098) has received approval for laying transmission lines for a 300 MW solar project in Rajasthan, indicating progress in infrastructure development.
Negative Points
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NHPC Ltd (BOM:533098) experienced an 11% decrease in power generation due to flash floods and landslides affecting key power stations.
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The company's revenue from operations decreased by 2% compared to the previous year, primarily due to lower power generation.
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Profit after tax for the half-year was 23% lower than the corresponding period last year, impacted by reduced generation and increased expenses.
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The company faces under-recovery issues due to the shutdown of the Pisa high power station, with an estimated annual loss of INR450 crore.
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NHPC Ltd (BOM:533098) is experiencing delays in signing power purchase agreements for some renewable energy projects, potentially affecting future revenue streams.
Q & A Highlights
Q: What is the under-recovery for the hydro plant, and when will it begin operation? A: Rajendra Goyal, Chief Financial Officer, explained that the Pisahigh power system has been down since October 2023 due to a landslide. The business interruption loss is insured for one year, ending September 2024. The total annual loss is around INR 450 crore, with INR 410 crore recoverable from insurance. The plant is expected to resume operations by December 2025.