NTPC Q4 PAT jumps 75 pc on strong operational performance
New Delhi, May 23
State-owned energy services provider NTPC Limited on Saturday reported a strong financial performance for the fourth quarter and full financial year ended March 31, 2026, driven by operational gains, capacity additions and improved efficiencies.
The public sector company reported a 75 per cent quarter-on-quarter (QoQ) growth in profit after tax (PAT) in the January-March quarter to Rs 8,747 crore from Rs 4,987 crore reported in the third quarter of FY2026.
For the full financial year, standalone PAT increased 18 per cent to Rs 23,162 crore, compared to Rs 19,649 crore in FY25.
On a consolidated basis, NTPC's net profit for FY26 rose 15 per cent to Rs 27,546 crore from Rs 23,953 crore in the previous financial year.
Moreover, the company's total income for Q4 FY26 stood at Rs 44,030 crore, registering a 6 per cent growth compared to the previous quarter.
According to the company, the profit growth was primarily driven by gains from capacity additions, operational efficiencies, lower finance costs and revisions in deferred tax and regulatory deferred account balances.
The company said the strong performance was supported by a 29 per cent increase in profit contribution from joint ventures, which rose to Rs 2,864 crore during FY26.
In addition, the company's subsidiaries contributed significantly, reporting a combined profit of Rs 3,312 crore during the financial year.
Group PAT for Q4 FY26 surged nearly 90 per cent to Rs 10,615 crore from Rs 5,597 crore reported in the preceding quarter.
NTPC's coal-based power stations continued to outperform industry benchmarks, with the company recording a Plant Load Factor (PLF) of 72.04 per cent during FY26, compared to the national average coal PLF of 63.20 per cent.
Apart from the earnings, the company's Board has recommended a final dividend of Rs 3 per equity share for FY26.
Shares of NTPC on Friday ended on a flat note at Rs 388.65 apiece on the NSE. The PSU stock touched a 52-week high of Rs 414.40 and a 52-week low of Rs 315.55 on the exchange.
— IANS
Reader Comments
Good numbers but I hope they invest some of this profit in renewable energy. Coal might be reliable but we need to think about our children's future. Still, Rs 3 dividend is a nice bonus for shareholders like my father who has held NTPC for decades. 📈
This is why I always advise investing in PSUs for long term. NTPC is a gem - stable returns, government backing, and now showing strong operational efficiency. The JV profit contribution of Rs 2,864 crore is impressive. Sustained growth expected! 🚀
While the profit is good, I wish the share price reflected this more. It's only at Rs 388, near its 52-week high of Rs 414. The market seems to have priced in this growth already. But as a dividend stock, NTPC remains a solid choice for risk-averse investors.
My uncle worked at NTPC for 30 years and always said it's a well-managed PSU. This Q4 result proves it. Coal PLF of 72% is excellent. But I hope the company also focuses on reducing emissions with modern technology. Bharat needs both growth and clean energy. 🌿
75% QoQ jump is massive! But I'm concerned about the dependence on coal. With global climate goals, NTPC needs to accelerate its renewable push. Still, for now, this is a strong performance that should boost investor confidence in Indian PSUs.
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