NTPC (National Thermal Power Corporation) Ltd along with its subsidiaries/ associates & JVs is primarily involved in generation and sale of bulk power to State power utilities. Other business of the group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining.
Q2 FY26 Earnings Results:
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Revenue from Operations: ₹44,785.82 crore, up 0.2% YoY, down 4.8% QoQ.
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Consolidated Net Profit (PAT): ₹5,066.78 crore, down 3.9% YoY from ₹5,275 crore; down QoQ from ₹5,274 crore.
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EBITDA: ₹12,815.75 crore, up 10% YoY.
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EBITDA Margin: 28.6%, improved from 26.1% in previous quarter.
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Interim Dividend declared: ₹2.75 per equity share; record date November 7, 2025.
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Plant Load Factor (PLF) for coal stations at 75.16%, higher than national average.
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Operational efficiencies helped margins expand amid stable revenue.
Management Commentary & Strategic Insights:
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NTPC focused on cost management and operational efficiency to sustain margins despite modest revenue growth.
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Expansion in renewable energy through NTPC Green with a 135% rise in profit YoY.
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Continued pursuit of India’s energy transition with investments in low-carbon and green energy assets.
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Highlights include improving plant load factors, debt management, and strategic capital allocation.
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Confident about growth prospects supported by government policies and increasing power demand post-monsoon.
Q1 FY26 Earnings Results:
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Revenue from Operations: ₹47,821 crore.
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Consolidated PAT: ₹6,108 crore, up 11% YoY.
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EBITDA margin stable with focus on operational excellence.
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PLF for coal plants at 75.16%, significantly above national average.
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Strong first quarter performance driven by higher generation and efficient operations.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.