New Delhi: NTPC Limited has reported a standalone profit of ₹5,320 crore for the second quarter (Q2) of FY 2026-27, while its profit for the first half (H1 FY27) stood at ₹10,662 crore. The company’s Board of Directors has also declared the first interim dividend of ₹3 per equity share for FY 2026-27, with November 6, 2026, fixed as the record date.
NTPC announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board meeting was held on October 31, 2026, and commenced at 12:10 PM before concluding at 1:55 PM.
NTPC Q2 and H1 FY27 Financial Performance
During Q2 FY27, NTPC reported revenue from operations of ₹45,752 crore, compared to ₹43,832 crore in Q1 FY27. Total income for the quarter stood at ₹46,842 crore, against ₹44,512 crore in the preceding quarter.
The company’s profit for the period stood at ₹5,320 crore, compared to ₹5,342 crore in Q1 FY27. For the first half of FY27, NTPC recorded a profit of ₹10,662 crore, compared to ₹9,428 crore in the corresponding period of the previous financial year.
The key standalone financial highlights are as follows:
- Revenue from Operations: ₹45,752 crore in Q2 FY27, compared to ₹43,832 crore in Q1 FY27. H1 FY27 revenue stood at ₹89,584 crore against ₹81,736 crore in H1 FY26.
- Total Income: ₹46,842 crore in Q2 FY27, compared to ₹44,512 crore in Q1 FY27. H1 FY27 total income increased to ₹91,354 crore from ₹84,022 crore.
- Profit Before Tax and Regulatory: ₹5,010 crore in Q2 FY27 and ₹6,879 crore in Q1 FY27. H1 FY27 figure stood at ₹11,888 crore against ₹9,224 crore in H1 FY26.
- Profit for the Period: ₹5,320 crore in Q2 FY27, compared to ₹5,342 crore in Q1 FY27. H1 FY27 profit increased to ₹10,662 crore from ₹9,428 crore in H1 FY26.
- Earnings Per Share (EPS): ₹5.49 in Q2 FY27, compared to ₹5.51 in Q1 FY27. H1 FY27 EPS stood at ₹11.00 against ₹9.72 in H1 FY26.
Read also: NTPC Green Energy Q2 FY27 Results: Net Profit Jumps 59.3% to ₹137.50 Crore, Revenue Rises 53.2%
NTPC Declares First Interim Dividend of ₹3 Per Share
NTPC’s Board of Directors has declared the first interim dividend of 30%, amounting to ₹3 per equity share with a face value of ₹10, for FY 2026-27.
The key dividend details are:
- Interim Dividend: ₹3 per equity share.
- Dividend Percentage: 30% of the face value of ₹10.
- Record Date: November 6, 2026.
- Dividend Payment: Payment will commence from November 25, 2026.
The record date will determine the shareholders eligible to receive the interim dividend.
NTPC EBITDA Margin and Financial Position
NTPC’s EBITDA margin stood at 24% during Q2 FY27, compared to 26% in the year-ago quarter. The margin was also below the CNBC-TV18 poll estimate of 29%.
Other important financial indicators of the company include:
- Paid-up Equity Share Capital: ₹9,696.67 crore.
- Net Worth: ₹1,81,862 crore as of September 30, 2026.
- Debt-Equity Ratio: 1.04.
The company’s gross fixed assets at the group level stood at ₹4,85,444 crore as of September 30, 2026, compared to ₹4,37,142 crore in the corresponding period last year.
NTPC Group’s 16 GW Pumped Storage Project Portfolio
NTPC Group is expanding its presence in energy storage through pumped storage projects (PSPs). The group currently has a pumped storage project portfolio of 16 GW.
Of this portfolio, the 1 GW Tehri Pumped Storage Project of THDC has achieved commercial operation. Meanwhile, detailed project reports (DPRs) for other projects with a combined capacity of 15 GW are under progress.
These projects form part of the company’s efforts to strengthen energy storage capacity and support the integration of renewable energy into the power system.
NTPC Plans 5 GWh Battery Energy Storage Capacity
NTPC is also progressing with its Battery Energy Storage System (BESS) plans. The company is working on 5 GWh of BESS capacity allocated under the Viability Gap Funding (VGF) scheme of the Power System Development Fund.
The planned capacity will be developed across 15 NTPC thermal power stations and one group company. Commissioning of these projects is expected to commence from June 2027 onwards.
Additionally, the NGEL Group is executing BESS projects with a combined capacity of 1,620 MWh. Another 40 GWh of projects are under tendering and planning.
These initiatives are aimed at enhancing energy storage infrastructure and supporting the growing renewable energy capacity.
NTPC Makes Progress on Nuclear Energy Plans
NTPC is also advancing its plans to enter and expand its presence in the nuclear energy sector through NTPC Parmanu Urja Nigam Limited (NPUNL), a wholly owned subsidiary of the company.
NPUNL has identified 30 potential sites across multiple states for developing nuclear power projects.
The company has completed site selection studies at four locations, while studies are at an advanced stage at six other locations. These developments mark progress in NTPC’s long-term nuclear energy expansion plans.
About NTPC Limited
NTPC Limited is India’s largest integrated power utility and a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India. Established in 1975, the company is primarily engaged in electricity generation and has expanded its operations into renewable energy, power trading, coal mining, energy storage and nuclear power. NTPC continues to focus on expanding India’s power generation capacity while supporting the country’s clean energy transition.
Read also: NTPC Green Energy Commissions 95.6 MW Solar Capacity at Kalasar Project in Rajasthan
