NTPC (NTPC) Q4 20/21 earnings summary

Executive summary

• FY21 standalone PAT rose 36.16% to ₹13,769.52 crore; consolidated PAT was ₹14,969.40 crore vs ₹11,901.98 crore.

• Group generation reached 314.07 BUs vs 290.19 BUs; commercial capacity additions were 3,824 MW and installed capacity reached 65,810 MW.

• Performance strengthened despite pandemic disruption, while expansion priorities shifted further toward renewables, hydrogen, e-mobility and waste-to-energy.

Financial highlights

• Standalone revenue from operations was ₹99,206.72 crore vs ₹97,700.39 crore; total income rose 3.06% to ₹1,03,552.71 crore.

• Standalone PAT was ₹13,769.52 crore vs ₹10,112.81 crore; PBT was ₹13,915.52 crore vs ₹14,465.92 crore.

• Consolidated revenue was ₹1,15,546.83 crore vs ₹1,12,372.58 crore; consolidated PAT was ₹14,969.40 crore vs ₹11,901.98 crore.

• Standalone EBITDA, excluding movements in regulatory deferral account balances, was ₹33,149.35 crore vs ₹29,870.74 crore.

• Net cash from standalone operations increased to ₹27,057.78 crore from ₹21,583.98 crore, primarily reflecting improved receivables.

Outlook and guidance

• Long-term plan targets 130+ GW total installed capacity and 60 GW of renewable capacity by 2032.

• Renewable portfolio included 1,350 MW commissioned and 2,884 MW under implementation in own-capacity mode; 16.94 GW of renewable parks were at various development stages.

• Strategic priorities include hydrogen mobility and green chemicals, battery storage, ancillary services, distribution, acquisitions and overseas solar development.

• Power-sector demand recovery and rising electricity needs support growth prospects, while execution remains exposed to COVID-related delays and regulatory changes.