New Delhi, May 24: State-owned power major NTPC Limited on Saturday reported strong financial results for the fourth quarter and full financial year ended March 31, 2026, driven by operational gains, capacity additions and improved efficiencies.
The public sector utility posted a 75 per cent quarter-on-quarter rise in standalone profit after tax (PAT) for Q4 FY26 at Rs 8,747 crore, compared with Rs 4,987 crore reported in the previous quarter.
For the full financial year, standalone PAT increased 18 per cent to Rs 23,162 crore from Rs 19,649 crore in FY25.
NTPC’s total income for the January-March quarter stood at Rs 44,030 crore, registering a 6 per cent increase over the preceding quarter.
The company attributed the profit growth to fresh capacity additions, stronger operational efficiencies, lower finance costs and revisions in deferred tax and regulatory deferred account balances.
On a consolidated basis, NTPC Group reported a 15 per cent increase in net profit for FY26 at Rs 27,546 crore, compared with Rs 23,953 crore in the previous financial year.
Group profitability was supported by stronger contributions from joint ventures and subsidiaries.
Profit contribution from joint ventures rose 29 per cent to Rs 2,864 crore during FY26, while subsidiaries collectively reported profits of Rs 3,312 crore.
Consolidated group PAT for Q4 FY26 surged nearly 90 per cent to Rs 10,615 crore from Rs 5,597 crore in Q3 FY26, reflecting broad-based operational strength across the group.
NTPC’s coal-based power stations continued to outperform national benchmarks, recording a Plant Load Factor (PLF) of 72.04 per cent during FY26, significantly higher than the national average coal PLF of 63.20 per cent.
Alongside the earnings announcement, NTPC’s Board recommended a final dividend of Rs 3 per equity share for FY26, subject to shareholder approval.
Shares of NTPC ended largely unchanged at Rs 388.65 apiece on the NSE on Friday. During the past 52 weeks, the PSU stock touched a high of Rs 414.40 and a low of Rs 315.55 on the exchange.
The results reinforce NTPC’s leadership position in India’s power sector, supported by sustained operational excellence and a diversified growth strategy.
