NTPC (NTPC) Q4 25/26 earnings summary

Executive summary

• Achieved highest-ever annual capacity addition in FY26, with 9,618 MW added, bringing group installed capacity above 90 GW, including significant renewable and thermal expansion.

• Renewable energy capacity additions reached 5,488 MW in FY26, with NGEL contributing 4,225 MW; total RE capacity now at 12,068 MW.

• Group consolidated profit for FY26 rose to ₹27,546 crore, up from ₹23,953 crore in FY25.

• Major progress in nuclear, pumped storage, and battery energy storage projects, with new regulatory support for BESS.

• Audited standalone and consolidated financial results for FY26 were approved with unmodified audit opinions.

Financial highlights

• Standalone total income for FY26 was ₹169,725 crore, down 2.69% year-over-year; Q4 FY26 income was ₹44,030 crore.

• Standalone PAT for FY26 rose 18% to ₹23,162 crore; Q4 PAT surged 51.4% to ₹8,747 crore.

• Adjusted PAT for FY26 was ₹19,530 crore, up 8% year-over-year.

• Consolidated revenue from operations for FY26 was ₹187,384.63 crore, slightly down from ₹188,138.06 crore in FY25.

• Dividend for FY26 totals ₹9.00 per share, including interim and final dividends.

Outlook and guidance

• Planned capacity additions: 9,557 MW in FY27 (8,237 MW renewables), 10,039 MW in FY28 (8,135 MW renewables), and 11,478 MW in FY29.

• Over 34 GW of capacity under construction, including coal, hydro, and renewables.

• Strategic focus on advanced nuclear, pumped storage, and battery storage to support future energy needs.

• CapEx guidance for NGEL: ₹35,800 crore (FY27), ₹56,000 crore (FY28), ₹48,000 crore (FY29), with 80/20 debt-equity structure.