NTPC's Q4 FY 2025-26 Quarterly Results

Result Summary

• NTPC Ltd reported a 8.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Mar (Q4 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 1.3%.
• Its expenses for the quarter were up by 9.4% QoQ and down 0.4% YoY.
• The net profit increased 89.7% QoQ and increased 34.4% YoY.
• The earnings per share (EPS) of NTPC Ltd stood at 10.81 during Q4 FY 2025-26.

Financial Statments for Q4 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

## Company Overview
NTPC Ltd, known as the National Thermal Power Corporation Limited, is a leading public sector company in India engaged in the generation of electricity and allied activities. It is one of the largest power-generating companies in India, primarily involved in the business of electricity generation through coal, gas, hydro, solar, and wind power plants. The company plays a critical role in the country's energy sector, focusing on sustainable and efficient energy solutions. NTPC has been actively expanding its renewable energy portfolio in line with global trends towards cleaner energy sources. Recent developments include initiatives to increase the share of renewable energy in its overall capacity and collaborations for technological advancements in power generation.

## Revenue
In Q4FY26, NTPC Ltd reported a total income of ₹50,410.58 crores, reflecting an increase of 8.9% from the previous quarter's total income of ₹46,304.77 crores. However, when compared to the same quarter in the previous year (Q4FY25), there was a slight decline of 1.3% from ₹51,085.05 crores. This indicates a robust quarter-on-quarter growth in revenue, although there is a marginal year-over-year decrease. The company continues to generate substantial income through its diversified energy portfolio, maintaining its position as a key player in the Indian power sector.

## Profitability
NTPC Ltd's profitability metrics for Q4FY26 show significant fluctuations. The company recorded a profit before tax of ₹359.14 crores, a dramatic decline of 95.2% from ₹7,436.39 crores in Q3FY26 and a 96.4% decrease from ₹9,990.27 crores in Q4FY25. Despite this, the profit after tax increased by 89.7% quarter-over-quarter to ₹10,614.95 crores from ₹5,597.05 crores in Q3FY26 and by 34.4% year-over-year from ₹7,897.14 crores in Q4FY25. The tax expense for Q4FY26 was reported as negative ₹9,062.11 crores, which contrasts sharply with the tax expenses of the previous periods. This significant movement in tax liabilities has contributed to the overall profitability in the current quarter. Earnings per share (EPS) also saw a substantial increase, reaching ₹10.81 in Q4FY26, up from ₹5.66 in Q3FY26 and ₹7.85 in Q4FY25.

## Operating Metrics
The operating metrics of NTPC Ltd for Q4FY26 reflect key changes in its financial performance. Total expenses for the quarter amounted to ₹43,237.90 crores, marking a 9.4% increase from ₹39,533.23 crores in Q3FY26 and a slight decrease of 0.4% from ₹43,390.76 crores in Q4FY25. These figures indicate a rising trend in expenses over the last quarter, while maintaining almost similar levels compared to the prior year. The company has shown resilience in managing its operational costs amidst fluctuating revenue streams. The operating environment remains dynamic, and NTPC Ltd’s ability to adapt its cost structure is evident in its current financial metrics.