NTPC's Q2 FY 2025-26 Quarterly Results

Result Summary

• NTPC Ltd reported a 5.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 0.1%.
• Its expenses for the quarter were down by 5.5% QoQ and 1.6% YoY.
• The net profit decreased 14.5% QoQ and decreased 2.9% YoY.
• The earnings per share (EPS) of NTPC Ltd stood at 5.23 during Q2 FY 2025-26.

Financial Statments for Q2 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, formerly known as National Thermal Power Corporation Limited, is a prominent Indian public sector undertaking engaged in the generation and sale of electricity. Established in 1975, the company is one of the largest power companies in India, primarily focusing on coal-based thermal power plants but also expanding into hydroelectric, wind, and solar projects. NTPC is integral to India's power sector, contributing significantly to the country's electricity supply. The company is committed to sustainable energy development and has been increasingly investing in renewable energy sources in recent years.

Revenue

During the second quarter of the fiscal year 2026 (Q2FY26), NTPC Ltd reported a total income of ₹45,262.10 crores. This represents a slight year-over-year (YoY) increase of 0.1% compared to the same quarter in the previous year (Q2FY25), where the total income stood at ₹45,197.77 crores. However, when compared to the first quarter of the fiscal year 2026 (Q1FY26), there was a quarter-over-quarter (QoQ) decrease of 5.4% from ₹47,821.11 crores. The revenue performance indicates stability on a yearly basis, with some fluctuation observed on a quarterly scale.

Profitability

NTPC Ltd's profitability for Q2FY26 was reflected in the profit before tax (PBT) and profit after tax (PAT) figures. The company reported a PBT of ₹6,721.22 crores, which marked a YoY increase of 1.0% compared to Q2FY25's PBT of ₹6,656.72 crores, but a QoQ decline of 7.8% from Q1FY26's PBT of ₹7,288.49 crores. The tax expense for the quarter rose significantly by 24.6% YoY and 25.3% QoQ, amounting to ₹2,076.02 crores. Consequently, NTPC's PAT for Q2FY26 was ₹5,225.30 crores, experiencing a YoY decrease of 2.9% and a QoQ decrease of 14.5%. The earnings per share (EPS) for the quarter was ₹5.23, reflecting a decrease of 3.9% YoY and 15.6% QoQ.

Operating Metrics

For the second quarter of fiscal year 2026, NTPC Ltd recorded total expenses of ₹40,218.03 crores. This represents a 1.6% decrease in YoY expenses from ₹40,877.27 crores in Q2FY25 and a 5.5% QoQ reduction from ₹42,539.94 crores in Q1FY26. The decrease in expenses relative to total income, both on a YoY and QoQ basis, has been a key operational metric for the quarter. The company's focus on operational efficiency and cost management is reflected in the reduction of expenses. The financial data indicates that NTPC Ltd is navigating through a period where maintaining a balance between revenue generation and expenditure is critical.