NTPC (NTPC) Q3 24/25 earnings summary

Executive summary

• Achieved robust operational and financial performance in Q3 FY25, with strong growth in both conventional and renewable energy segments.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024 were reviewed and approved by the Board on 25 January 2025.

• Successfully listed NTPC Green Energy Limited (NGEL), marking a milestone in clean energy leadership.

• Second interim dividend of ₹2.50 per share declared for FY 2024-25, following a similar first interim dividend paid in November 2024.

• No deviation or variation in the use of proceeds from listed non-convertible debentures; no outstanding defaults on loans or debt securities.

Financial highlights

• Standalone total income for Q3 FY25 rose 5% YoY to INR 42,303 crores; nine months FY25 up 6% YoY to INR 128,601 crores.

• Standalone profit after tax for Q3 FY25 increased 3% YoY to INR 4,711 crores; nine months FY25 up 11% YoY to INR 13,871 crores.

• Group EBITDA for nine months FY25 grew 8% YoY to INR 16,056 crores.

• Standalone revenue from operations for Q3 FY25 was ₹41,352.27 crore, up from ₹39,455.28 crore in Q3 FY24; consolidated revenue was ₹45,052.82 crore, up from ₹42,820.38 crore.

• Adjusted standalone PAT for Q3 FY25 was INR 4,618 crores (up 6% YoY); consolidated adjusted PAT for Q3 FY25 was INR 4,964 crores (up 1% YoY).

Outlook and guidance

• Targeting 3,088 MW RE capacity addition in FY25, 5 GW in FY26, and 8 GW in FY27.

• Plans to award 7.2 GW of additional thermal capacity by FY27, with 2,400 MW to be concluded in Q4 FY25.

• Ambitious goal of 60 GW renewable energy capacity by 2032.

• Capacity charges and energy charges for the period have been provisionally recognized as per CERC Tariff Regulations, 2024, pending final tariff orders.

• Management expects full compensation from the Government of India for discontinued hydro project costs.