Operating gains, capacity increases, and increased efficiencies drove solid financial results for the fourth quarter and full financial year ended March 31, 2026, according to state-owned power company NTPC Limited’s Saturday report.
The public sector utility’s standalone profit after tax (PAT) increased by 75% quarter-on-quarter in Q4 FY26, reaching Rs 8,747 crore, from Rs 4,987 crore the previous quarter.
At the end of the fiscal year, standalone PAT was Rs 23,162 crore, up 18% from Rs 19,649 crore the previous year.
With a 6% increase over the previous quarter, NTPC’s total income for the January-March quarter was Rs 44,030 crore.
Revisions to deferred tax and regulatory deferred account balances, lower financing costs, stronger operational efficiencies, and new capacity increases were the reasons the company cited for the profit growth.
In FY26, NTPC Group’s net profit was Rs 27,546 crore, up 15% from Rs 23,953 crore the previous fiscal year, when reported on a consolidated basis.
Stronger contributions from subsidiaries and joint ventures bolstered group profitability.
Joint venture profits increased by 29% to Rs 2,864 crore in FY26, contributing to a total of Rs 3,312 crore in profits for the subsidiaries.
Reflecting strong operational performance across the board, the consolidated group PAT for Q4 FY26 jumped over 90% to Rs 10,615 crore from Rs 5,597 crore in Q3 FY26.
NTPC’s coal-fired power stations maintained their superior performance in FY26, with a Plant Load Factor (PLF) of 72.04% compared to 63.20% for the country as a whole.
The Board of Directors of NTPC has proposed a final dividend of Rs 3 per equity share for FY26, which is subject to shareholder approval, and it was announced alongside the earnings announcement.
The NSE-listed NTPC share price remained relatively constant at Rs 388.65 after the close of trading on Friday. Over the last 52 weeks, the stock of the PSU went as high as Rs 414.40 and as low as Rs 315.55 on the exchange.
Consistently excellent operations and a diverse growth plan have helped NTPC maintain its position as India’s power sector leader, and these results confirm it.
Image Credit: PSU Connect
Disclaimer: All news articles are sourced through valid sources, and Business Unlimited (BU) doesn’t have any exclusive rights on these pieces. If BU features any exclusive story or article, it will be marked as Exclusive Story.
