New Delhi, May 23: NTPC Ltd, India’s largest integrated power utility, reported robust financial results for the fourth quarter and full financial year ended March 31, 2026, driven by operational gains, capacity additions and improved efficiencies.
On a standalone basis, NTPC posted total income of Rs 44,030 crore in Q4 FY26, registering a 6 per cent increase compared with the previous quarter.
Profit after tax (PAT) for the January-March quarter rose sharply to Rs 8,747 crore from Rs 4,987 crore in Q3 FY26.
For the full financial year, standalone PAT increased 18 per cent to Rs 23,162 crore compared with Rs 19,649 crore in FY25.
The company attributed the earnings growth to fresh capacity additions, 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 FY26 PAT at Rs 27,546 crore, up from Rs 23,953 crore in the previous financial year.
Group profitability was supported by stronger contributions from joint ventures and subsidiaries.
Share of profits from joint ventures surged 29 per cent to Rs 2,864 crore during FY26, while subsidiaries collectively contributed profits of Rs 3,312 crore.
Consolidated PAT for Q4 FY26 also witnessed strong growth, rising to Rs 10,615 crore from Rs 5,597 crore in the preceding quarter.
Operationally, NTPC’s coal-based power stations continued to outperform industry benchmarks.
The company’s coal plants recorded a Plant Load Factor (PLF) of 72.04 per cent during FY26, significantly higher than the all-India coal PLF of 63.20 per cent, highlighting strong asset utilisation and operational efficiency.
The results underscore NTPC’s leadership position in India’s power sector, supported by consistent operational performance and a diversified growth strategy across generation and allied businesses.
