The assessment of heterotic F₁ combinations is a basic requisite for hybrid seed development. A set of 30 F₁ hybrids along with their parental inbred lines were evaluated under both normal and water deficit conditions for various physiological and agronomic traits. Highly significant mean squares due to general combining ability, specific combining ability and reciprocal effect were observed for all traits under both water regimes. Components of variation exhibited greater estimates for GCA variance (б²g) than SCA variance (б²s) for majority of the traits under both normal and stress conditions depicting the predominant role of additive genetic component. Inbred lines NCIL-20-20, D-157 and OH-8 were found to be the best general combiner on the basis of performance regarding grain yield per plant under water deficit condition. The F₁ combinations namely, NCIL-20-20 × D-109, NCIL-20-20 × OH-8 and D-157 × NCIL-20-20 were out-performers based on yield and yield attributes under water deficit conditions. On the basis of our results, we recommend these hybrids for further exploitation to assess their potential for commercial cultivation under water deficit condition.