NTPC (NTPC) Q1 25/26 earnings summary

Executive summary

• Standalone net profit for Q1 FY26 rose to ₹4,774.68 crore, up from ₹4,510.98 crore year-over-year, with consolidated net profit at ₹6,108.46 crore versus ₹5,506.07 crore.

• Revenue from operations (standalone) was ₹42,572.62 crore, while consolidated revenue reached ₹47,065.36 crore for the quarter.

• Board approved unaudited results on July 29, 2025; limited review reports issued with unmodified opinions.

Financial highlights

• Standalone profit before tax for Q1 FY26 was ₹4,336.74 crore, down from ₹6,777.01 crore year-over-year.

• Consolidated profit before tax was ₹5,757.74 crore, compared to ₹7,871.46 crore year-over-year.

• Standalone EPS (including regulatory deferral) was ₹4.92, and consolidated EPS was ₹6.20 for the quarter.

• Net worth (consolidated) stood at ₹1,88,844.22 crore as of June 30, 2025.

Outlook and guidance

• Capacity charges and energy charges for Q1 FY26 were provisionally billed as per CERC 2024 regulations, pending final tariff orders.

• Management expects full compensation from the government for discontinued hydro project costs.