{"id":161391,"date":"2024-05-20T11:54:20","date_gmt":"2024-05-20T15:54:20","guid":{"rendered":"https:\/\/44.250.171.167\/?p=161391"},"modified":"2024-05-20T11:54:22","modified_gmt":"2024-05-20T15:54:22","slug":"nhpc-limited-q4-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/nhpc-limited-q4-fy24-earnings-conference-call-insights\/","title":{"rendered":"NHPC Limited Q4 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from NHPC Limited (NHPC) Q4 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Load Factor<\/strong>\n<ul>\n<li>Generation in FY24 was 21,773 million units, 12% lower than FY23.<\/li>\n<li>Plant Availability Factor (PAF) in FY24 was 77.6%, lower by 11% compared to FY23.<\/li>\n<li>Q4 FY24 generation was 2,304 million units, 20% lower than Q4 FY23.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Financial Performance<\/strong>\n<ul>\n<li>Revenue from operations in FY24 was Rs. 8,405 crore, 10% lower than FY23 due to lower generation.<\/li>\n<li>Other income in FY24 was Rs. 1,624 crore, 94% higher than FY23.<\/li>\n<li>Other income in Q4 FY24 was Rs. 591 crore, 133% higher than Q4 FY23.<\/li>\n<li>Net profit increased by Rs. 129 crore or 26% to Rs. 698 crore in Q4 FY24 from Rs. 569 crore in the previous year.<\/li>\n<li>Capex for FY24 was Rs. 8,652 crore against a target of Rs. 10,857 crore.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Expenses<\/strong>\n<ul>\n<li>Generation expenses decreased from Rs. 936 crore in FY23 to Rs. 814 crore in FY24 due to lower generation and reversal of water cess earlier levied.<\/li>\n<li>Employee cost remained almost flat, decreasing marginally from Rs. 1,300 crore in FY23 to Rs. 1,297 crore in FY24.<\/li>\n<li>Finance cost decreased from Rs. 476 crore in FY23 to Rs. 425 crore in FY24 due to changes in interest rates and loan requirements.<\/li>\n<li>Depreciation and amortization expenses decreased from Rs. 1,145 crore in FY23 to Rs. 1,111 crore in FY24.<\/li>\n<li>Other expenses increased from Rs. 1,708 crore in FY23 to Rs. 2,316 crore in FY24.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Receivables Position<\/strong>\n<ul>\n<li>Trade receivables stood at Rs. 3,984 crore as of March 31, 2024, including Rs. 2,264 crore in unbilled revenue.<\/li>\n<li>Net billed receivables were Rs. 1,721 crore after adjusting for unbilled revenue and discounted bills.<\/li>\n<li>Net amount due as of March 31, 2024, was only Rs. 818 crore, with more than 45 days dues at Rs. 277 crore.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Project Updates<\/strong>\n<ul>\n<li>Subansiri Lower project: 3 units expected to be commissioned by March 2025, remaining by May 2026. Estimated cost: Rs. 21,248 crore, incurred: Rs. 20,834 crore.<\/li>\n<li>Uri-II project: Targeted completion by December 2024. Estimated cost: Rs. 12,164 crore, incurred: Rs. 11,127 crore.<\/li>\n<li>Dibang Multipurpose project: Major contracts awarded, estimated cost: Rs. 31,876 crore, incurred: Rs. 2,307 crore.<\/li>\n<li>Updates provided on Teesta VI, Bangalore, HEP, Pakal Dul, and other projects under construction.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Renewable Energy<\/strong>\n<ul>\n<li>1,000 MW solar project progressing well, land acquisition ongoing for 700 MW capacity.<\/li>\n<li>Received letter of intent for 200 MW solar project in Gujarat at Rs. 2.66\/unit tariff.<\/li>\n<li>Exploring pumped storage solar projects with indicative capacity of 20,000 MW across multiple states.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Project Delays<\/strong>\n<ul>\n<li>Subansiri project delayed due to subsidence in diversion tunnel 1 and hill slope slide on Left bank.<\/li>\n<li>Major portion of restoration works completed, but hill slope restoration ongoing.<\/li>\n<li>Diversion tunnel 1 seepage reduced from 8-9 cumecs to less than 1 cumec.<\/li>\n<li>Remaining diversion tunnel 1 plug work to be done after monsoon season.<\/li>\n<li>Parbati 2 project delayed due to excavation issues, now completed.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Capital Expenditure<\/strong>\n<ul>\n<li>FY25 capex target Rs. 11,761 crore, excluding pump storage projects.<\/li>\n<li>Breakup: Subansiri, Rs. 450 cr; Deban, Rs. 950 cr; new projects, Rs. 950 cr; solar, Rs. 1,623 cr.<\/li>\n<li>Chenab Valley projects (Pakal Dul, Kiru, Kawar) &#8211; Rs. 3,370 cr.<\/li>\n<li>Other projects: BSUL solar, Rs. 1,550 cr; Sikkim hydro, Rs. 1,198 cr; Rangit-IV, Rs. 464 cr; Ratle, Rs. 954 cr.<\/li>\n<li>FY26 capex plan around Rs. 13,317 crore.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Cash Flows<\/strong>\n<ul>\n<li>Strong cash flows to meet 30% equity portion of capex from internal accruals.<\/li>\n<li>PBDIT around Rs. 3,800 cr, depreciation Rs. 1,600 cr &#8211; cash accruals Rs. 5,400 cr.<\/li>\n<li>After dividends, around Rs. 3,600 cr available annually for equity capex.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Floating Solar Power<\/strong>\n<ul>\n<li>Signed MoU with Norway&#8217;s Ocean Sun to identify water bodies for floating solar projects.<\/li>\n<li>Currently executing 88 MW floating solar at Omkareshwar reservoir.<\/li>\n<li>Exploring 300 MW floating solar at Rengali, Odisha &#8211; re-tendering after earlier bid attracted only 20 MW.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Pump Storage Projects<\/strong>\n<ul>\n<li>NHPC plans 20,000 MW pump storage capacity over next 10 years.<\/li>\n<li>Work to start in 2 years on 5,000-6,000 MW pump storage projects.<\/li>\n<li>These projects targeted for commissioning by FY2030.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Subansiri Commissioning<\/strong>\n<ul>\n<li>3 units to be commissioned together in March 2025 after completing civil\/hydro-mechanical works.<\/li>\n<li>Remaining 5 units to be commissioned one by one by May 2026.<\/li>\n<li>No possibility of commissioning 1-2 units earlier than March 2025.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Bursar Storage Project<\/strong>\n<ul>\n<li>DPR prepared in 2008, declared national project by Ministry of Water Resources.<\/li>\n<li>Viable only if government provides grant for storage component, else tariff very high at Rs. 25-30\/unit.<\/li>\n<li>NHPC to develop if government rethinks and directs, given strategic importance of storage projects.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Dibang Project Status<\/strong>\n<ul>\n<li>Construction of roads, bridges, railroads by L&amp;T (Package 1) ongoing.<\/li>\n<li>Power house and tunnel works by Patel-GR Infra JV (Package 2) in progress.<\/li>\n<li>NHPC getting ready to tender main concrete dam package.<\/li>\n<li>All land acquisition complete.<\/li>\n<\/ul>\n<\/li>\n<li><strong>EPC Tender Awards<\/strong>\n<ul>\n<li>NHPC preparing to award EPC tenders for Sawalkot and Dugar projects simultaneously.<\/li>\n<li>Sawalkot tender subject to approval from J&amp;K government and Ministry of Power.<\/li>\n<li>Dugar tender contingent on court verdict and Himachal Pradesh granting agreed concessions.<\/li>\n<li>Both projects likely to be awarded under single EPC package.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Solar Project Timelines<\/strong>\n<ul>\n<li>88 MW Omkareshwar floating solar project awarded to Tata Power, commissioning by Oct 2024.<\/li>\n<li>300 MW Rengali project under tendering, targeted commissioning in FY 2026-27.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from NHPC Limited (NHPC) Q4 FY24 Earnings Concall Load Factor Generation in FY24 was 21,773 million units, 12% lower than FY23. Plant Availability Factor (PAF) in FY24 was 77.6%, lower by 11% compared to FY23. Q4 FY24 generation was 2,304 million units, 20% lower than Q4 FY23. Financial Performance Revenue from operations in [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5746],"tags":[10169,12075,12039,12002],"class_list":["post-161391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-energy-stocks","tag-earnings","tag-hydro-power","tag-power-distibution","tag-power-generation"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":161429,"url":"https:\/\/alphastreet.com\/india\/tracxn-technologies-ltd-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":161391,"position":0},"title":"Tracxn Technologies Ltd Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"May 21, 2024","format":false,"excerpt":"Key highlights from Tracxn Technologies Ltd (TRACXN) Q4 FY24 Earnings Concall Financials Q4 FY24 revenue from operations: INR 20.3 crores. Q4 FY24 total income: INR 21.6 crores. FY24 revenue from operations: INR 82.8 crores (6% YoY growth). FY24 total income: INR 87 crores (7.2% YoY growth). Q4 FY24 EBITDA: INR\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":156342,"url":"https:\/\/alphastreet.com\/india\/steel-authority-of-india-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":161391,"position":1},"title":"Steel Authority of India Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"November 16, 2023","format":false,"excerpt":"Key highlights from Steel Authority of India Ltd (SAIL) Q2 FY24 Earnings Concall Financial Performance SAIL registered best ever Q2 results in Q2 FY2024. Crude steel production grew 12% and saleable steel production grew 17% in Q2 FY24. Sales volume grew 13% domestically and total sales turnover grew 13% in\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":161273,"url":"https:\/\/alphastreet.com\/india\/sanghvi-movers-limited-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":161391,"position":2},"title":"Sanghvi Movers Limited Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"May 17, 2024","format":false,"excerpt":"Key highlights from Sanghvi Movers Limited (SANGHVIMOV) Q4 FY24 Earnings Concall Financial Performance Topline grew 33% YoY to INR647 crores in FY24. Net profit after tax grew 68% YoY to INR188 crores in FY24, a new historical high. EBITDA percentage increased by 4% in FY24 compared to FY23. Average blended\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":161105,"url":"https:\/\/alphastreet.com\/india\/ce-info-systems-ltd-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":161391,"position":3},"title":"CE Info Systems Ltd Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"May 14, 2024","format":false,"excerpt":"Key highlights from CE Info Systems Ltd (MAPMYINDIA) Q4 FY24 Earnings Concall Financial Performance Revenue from operations grew 35% to INR379.4 crores. Open order book grew 49% to INR1,372 crores. Annual new order bookings grew 63% to INR834 crores. Revenue from operations CAGR of 38% over three years. Quarterly revenue\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":158065,"url":"https:\/\/alphastreet.com\/india\/jsw-steel-ltd-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":161391,"position":4},"title":"JSW Steel Ltd Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"January 26, 2024","format":false,"excerpt":"Key highlights from JSW Steel Ltd (JSWSTEEL) Q3 FY24 Earnings Concall Steel Industry Trends Global crude steel production flat in 2023, decline in advanced economies. China's steel production flat, but exports up 32% on weak domestic demand. India's steel production up 12%, consumption up 12% in Q3FY24. Imports up in\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":156203,"url":"https:\/\/alphastreet.com\/india\/puravankara-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":161391,"position":5},"title":"Puravankara Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"November 14, 2023","format":false,"excerpt":"Key highlights from Puravankara Ltd (PURVA) Q2 FY24 Earnings Concall Business Performance Achieved highest ever quarterly sales value of INR1,600 crores in Q2 FY24, a 102% increase from INR791 crores in Q2 FY23. Sales attributable to Purvankara brand was INR736 crores, Provident brand was INR740 crores, and Purva Land was\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/161391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=161391"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/161391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/154818"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=161391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=161391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=161391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}