New Delhi, November 2, 2026: State-owned power major NTPC Limited has reported a strong financial performance for the second quarter of FY2026-27, with consolidated profit after tax (PAT) rising nearly 41% year-on-year to ₹7,350.8 crore. The company’s performance was supported by higher generation, improved operational efficiency and a sharp increase in profits contributed by its subsidiary companies.
NTPC reported consolidated PAT of ₹7,350.79 crore for the quarter ended September 30, 2026, compared with ₹5,225.30 crore in the corresponding quarter of the previous financial year. This represents a year-on-year increase of approximately 40.7%.
The company’s consolidated revenue from operations also recorded strong growth, increasing 21.2% to ₹54,269.95 crore in Q2 FY27 from ₹44,784.05 crore in Q2 FY26.
Strong Growth in Consolidated Profit
The quarterly results highlight continued improvement in NTPC’s consolidated financial performance. While the standalone business also delivered growth, the group’s subsidiaries made a significant contribution to the overall increase in profitability.
Profit from subsidiary companies rose 73% to ₹1,990 crore during Q2 FY27 from ₹1,149 crore in the same quarter of the previous year. This substantial increase helped strengthen the group’s consolidated earnings.
On a standalone basis, NTPC reported PAT of ₹5,319.94 crore, compared with ₹4,653.33 crore in Q2 FY26, representing growth of approximately 14.3%. Standalone revenue from operations increased to ₹45,752 crore from ₹39,164.82 crore during the corresponding period.
EBITDA Rises 22%
NTPC also reported improvement in operating profitability. Consolidated EBITDA increased approximately 22% year-on-year to ₹15,627 crore in Q2 FY27, compared with ₹12,814 crore in the year-ago quarter.
The EBITDA margin stood at around 28.8%, marginally higher than 28.6% recorded in Q2 FY26. The improvement indicates continued operational strength amid higher revenue.
H1 FY27 Performance Remains Strong
For the first half of FY2026-27, NTPC’s consolidated PAT increased 25.7% to ₹14,247 crore compared with ₹11,334 crore in the first half of the previous financial year.
Consolidated revenue from operations during the first half reached approximately ₹1.02 lakh crore, representing growth of 14.54% over the corresponding period of FY26.
The company said its performance was driven by improved generation and sustained operational efficiency.
Coal Plants Deliver Strong Capacity Utilisation
NTPC’s coal-based power stations continued to demonstrate strong operational performance.
During H1 FY27, NTPC’s coal stations achieved a Plant Load Factor (PLF) of 75.11%, significantly higher than the 68.35% PLF recorded by coal-based power stations across the rest of India.
The higher PLF highlights the company’s strong utilisation of its thermal generation capacity and its role in supporting India’s growing electricity requirements.
₹3 Interim Dividend Announced
In another positive development for shareholders, the NTPC Board declared its first interim dividend for FY2026-27 at ₹3 per equity share.
The dividend represents 30% of the paid-up equity share capital, based on the ₹10 face value of each share.
The company has fixed November 6, 2026 as the record date for determining shareholders eligible to receive the dividend. Dividend payments are scheduled to commence from November 25, 2026.
NTPC’s Expanding Energy Portfolio
NTPC is India’s largest integrated power generator and is expanding beyond conventional thermal power into renewable energy and emerging technologies.
The group had installed capacity of approximately 91,506 MW as of September 30, 2026, with around 36,899 MW of capacity under construction.
The company is also developing a diversified portfolio covering renewable energy, battery storage, pumped-storage projects and nuclear power. Its growth strategy is aimed at supporting India’s long-term energy requirements while increasing the contribution of cleaner energy sources.
What the Results Mean for India’s Power Sector
NTPC’s latest results underline the continuing importance of India’s public sector power companies in meeting rising electricity demand while maintaining financial performance.
Higher generation, strong capacity utilisation and improved subsidiary contributions have strengthened NTPC’s earnings during the first half of FY27. At the same time, investments in renewable energy, energy storage and nuclear power indicate that the company’s future growth strategy is increasingly diversified.
For investors and finance professionals, the Q2 results provide an important indicator of the financial health and operational performance of one of India’s largest public sector enterprises.
For India’s broader power sector, NTPC’s performance also reflects the growing requirement for reliable electricity capacity to support industrial expansion, infrastructure development and economic growth.
The Worldonomics Times will continue to track major PSU financial results, appointments, orders, projects, investments and career opportunities as India’s public sector companies remain central to the country’s economic and infrastructure development.
