Profit before tax and regulatory deferral account balances stood at Rs 1,299.39 crore in Q1 FY27, down 2.63% from Rs 1,333.93 crore in Q1 FY26.

During the quarter, total expenses increased 26.20% year on year to Rs 2,661.53 crore. Depreciation and amortisation expenses rose 37.60% YoY to Rs 599.65 crore, while employee benefits expenses declined 5.31% YoY to Rs 401.01 crore.

On the margins front, the company's operating margin improved to 47.73% in Q1 FY27 from 44.11% in the corresponding quarter last year. However, the net profit margin declined to 30.93% from 35.20%.

NHPC is India's largest hydropower development company and is engaged in the generation and sale of electricity from hydroelectric, solar and wind power projects. The Government of India is the company's promoter and majority shareholder.

Shares of NHPC declined 0.80% to Rs 79.78 on the BSE.