New Delhi: NTPC Limited, India’s largest power-generating utility, announced its third-quarter financial results for FY26, posting strong growth in both standalone and consolidated earnings. The Maharatna PSU reported a consolidated net profit of ₹5,597.05 crore for Q3 FY26, up 8.42% from ₹5,169.69 crore in Q3 FY25. Revenue from operations also rose 1.7% year-on-year to ₹45,845.68 crore, compared to ₹45,069.43 crore in the corresponding quarter last fiscal year.
Standalone Financial Highlights
On a standalone basis, NTPC recorded:
- Revenue from operations: ₹40,643.79 crore (Q3 FY26) vs ₹41,368.88 crore (Q3 FY25)
- Profit After Tax (PAT): ₹4,986.94 crore vs ₹4,711.42 crore, up 5.8% YoY
- Profit Before Tax (PBT): ₹6,628.39 crore vs ₹6,986.39 crore
- Earnings per Share (EPS): ₹5.14 vs ₹4.86
For the nine-month period ending December 31, 2025, standalone revenue stood at ₹1,22,383 crore, with a PAT of ₹14,414.95 crore, demonstrating sustained growth.
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Consolidated Results Show Strong Growth
Including subsidiaries and joint ventures, NTPC’s consolidated financials indicate solid performance:
- Consolidated PAT: ₹5,597.05 crore (Q3 FY26) vs ₹5,169.69 crore
- Consolidated EPS: ₹5.66 vs ₹5.22
- Nine-Month Consolidated PAT: ₹16,930.81 crore vs ₹16,056.01 crore
- Nine-Month Consolidated EPS: ₹17.08 vs ₹16.31
The figures reflect NTPC’s diversified operations and operational efficiency across its power generation and subsidiary businesses.
Interim Dividend Declared
NTPC’s Board approved the second interim dividend for FY26 at ₹2.75 per equity share (face value ₹10). The payment date is set for February 25, 2026, following the first interim dividend of ₹2.75 per share paid in November 2025. The dividend underscores NTPC’s commitment to shareholder returns amid consistent earnings growth.
Operational and Strategic Updates
- Tariff Regulations: Financials have been prepared considering the CERC Tariff Regulations, 2024, with capacity charges billed per existing norms.
- Coal Mining Business Transfer: NTPC transferred its Kerandari Coal Mine to its wholly-owned subsidiary, NTPC Mining Limited (NML), as part of the ongoing coal mining business restructuring.
- Compliance & Security: The company confirmed 100%+ security cover for listed secured debt and full compliance with financial covenants.
About NTPC
Founded in 1975, NTPC Limited is India’s largest power producer, operating across thermal, hydro, and renewable energy segments. The Maharatna PSU plays a critical role in India’s energy sector, supplying power nationwide and pursuing sustainable growth through diversification and operational efficiency.
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