NTPC (NTPC) Q1 26/27 earnings summary

Executive summary

• Unaudited standalone and consolidated Q1 FY27 results were approved by the Audit Committee and Board on 24 July 2026; statutory auditors issued unmodified limited review reports.

• Group installed capacity reached 90,904 MW at June 30, 2026, after 1,796 MW of Q1 additions; standalone capacity was 60,992 MW.

• Standalone adjusted PAT rose to ₹5,128 crore from ₹4,413 crore YoY; consolidated net profit increased to ₹6,896.44 crore from ₹6,108.46 crore.

Financial highlights

• Standalone revenue from operations was ₹43,831.86 crore, versus ₹42,571.61 crore in Q1 FY26; net profit was ₹5,342.36 crore versus ₹4,774.68 crore.

• Standalone adjusted PAT was ₹5,128 crore, up from ₹4,413 crore YoY.

• Consolidated revenue from operations was ₹50,740.96 crore, versus ₹47,064.35 crore; net profit was ₹6,896.44 crore versus ₹6,108.46 crore.

• Consolidated profit included subsidiary profit of ₹1,204 crore and JV profit share of ₹628 crore.

• Consolidated basic and diluted EPS, including regulatory deferral, was ₹6.93 versus ₹6.20 in Q1 FY26.

Outlook and guidance

• Capacity under construction totaled 35,702 MW: 15,720 MW coal, 3,581 MW hydro and 16,401 MW renewable projects.

• Pumped-storage portfolio stood at 18 GW; 5 GWh of BESS projects were awarded, with installations planned across 15 thermal stations and one group facility.

• The 2,800 MW Mahi Banswara nuclear project advanced; excavation consent for Units I and II was received in March 2026.

• Full Government of India compensation is expected for discontinued hydro project costs; outstanding recoverable was ₹374.99 crore.