Q2FY20 standalone PAT increased ~10% y-o-y to rs 13.4 bn (v/s est. Rs 12.4 bn) on the back of resumed income recognition for its Subansiri project (since Q1FY20).
Generation declined 5% y-o-y on lower water availability, shutdown at Chamera and R&M activities at Baira Siul. Revenue rose 4% y-o-y to Rs 26.1 bn on recognition of pay revision. Other income was up 6% y-o-y to Rs 5 bn (v/s est. Rs 4.2 bn). For 1HFY20, NHPC’s PAT was up 14% y-o-y to Rs 22.2 bn.
