New Delhi: NTPC Limited, India’s largest state-owned power utility and Maharatna PSU, has reported a strong financial performance for FY26, with a 17.9% rise in standalone net profit to ₹23,162.22 crore. The company also announced a final dividend and a robust set of financial results for the year ended March 31, 2026.
The Board has recommended a final dividend of ₹3.50 per share, taking the total dividend for FY26 to ₹9 per equity share.
Strong Growth in Profit for FY26 and Q4 Results
NTPC reported a standalone net profit of ₹8,747.27 crore in Q4 FY26, compared to ₹5,778.14 crore in the same quarter last year.
For the full financial year:
- Standalone Net Profit: ₹23,162.22 crore (FY26) vs ₹19,649.41 crore (FY25)
- Total Income: ₹1,69,724.60 crore
- Profit Before Tax: ₹22,556.93 crore
- EPS: ₹23.89
The strong profit growth reflects improved operational efficiency and higher capacity realization.
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Dividend Announcement: ₹9 Per Share for FY26
The Board of Directors has recommended a final dividend of 35% (₹3.50 per share of ₹10 face value), subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Earlier payouts include:
- First interim dividend: ₹2.75 per share (Nov 2025)
- Second interim dividend: ₹2.75 per share (Feb 2026)
This brings the total dividend for FY26 to ₹9 per share, rewarding shareholders for a strong financial year.
Key Financial Ratios Show Improved Performance
NTPC also reported improved financial stability indicators for FY26:
- Debt-Equity Ratio: 1.09
- Debt Service Coverage Ratio: 1.68 (up from 1.37 in FY25)
- Interest Coverage Ratio: 4.75
- Operating Margin: 21.85%
- Net Profit Margin: 14.00% (up from 11.56%)
- Net Worth: ₹1,74,688.19 crore
The improvement in margins highlights better cost control and operational efficiency.
Strong Segment-Wise Performance
NTPC’s core business segments also showed solid performance:
- Generation Revenue: ₹1,62,530.49 crore
- Generation PBIT: ₹32,900.43 crore
- Other Segment Revenue: ₹12,296.51 crore
- Other Segment PBIT: ₹1,414.74 crore
The generation segment remained the primary driver of overall profitability.
Consolidated Profit Rises to ₹27,545 Crore
On a consolidated basis, including subsidiaries and joint ventures, NTPC reported:
- Net Profit: ₹27,545.76 crore
- Total Comprehensive Income: ₹27,587.32 crore
- EPS: ₹27.90
The consolidated results underline the group’s expanding scale and diversified energy portfolio.
Operational Strength Despite Revenue Pressure
In Q4 FY26, NTPC reported revenue of ₹49,688 crore, slightly lower compared to the previous year. However, EBITDA improved by 3.8% to ₹15,321 crore, with margins rising to 30.8%, reflecting strong operational discipline and efficiency gains.
Strategic Developments During FY26
During the year, NTPC progressed with the strategic transfer of its coal mining business to its subsidiary NTPC Mining Limited (NML). Five out of six mines were transferred, with the remaining one completed in April 2026. The total consideration was approximately ₹6,020.62 crore.
The company confirmed full compliance with financial covenants and maintained a 100% security cover for its listed debt securities.
Board and Audit Approval Details
The financial results were reviewed by the Audit Committee on May 22, 2026, and approved by the Board on May 23, 2026. The Board meeting concluded at 1:40 PM on the same day.
About NTPC
NTPC Limited is India’s largest integrated power utility and a Maharatna public sector enterprise under the Government of India. The company is engaged in power generation and related activities, with a diversified portfolio including thermal, hydro, solar, and renewable energy projects across the country.
