NTPC Q3 FY26 Net Profit Rises 6% YoY to ₹4,987 Cr; Declares ₹2.75 Per Share Interim Dividend
MUMBAI, INDIA – NTPC Limited, India’s largest power-generating utility, announced its financial results for the third quarter and nine months ended December 31, 2025, today. The company’s Board has also approved a second interim dividend for the financial year.
Key Financial Highlights: Standalone Performance
The standalone results reflect the performance of NTPC’s core power generation business.
For the Quarter (Q3 FY26 vs. Q3 FY25):
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Revenue from Operations: ₹40,643.79 crore (Previous Year: ₹41,368.88 crore).
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Profit Before Tax (PBT): ₹6,628.39 crore (Previous Year: ₹6,986.39 crore).
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Profit After Tax (PAT): ₹4,986.94 crore (Previous Year: ₹4,711.42 crore), marking an increase.
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Earnings Per Share (EPS): ₹5.14 (Previous Year: ₹4.86).
For the Nine Months (9M FY26 vs. 9M FY25):
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Revenue from Operations: ₹1,22,383.00 crore (Previous Year: ₹1,26,133.72 crore).
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Profit After Tax (PAT): ₹14,414.95 crore (Previous Year: ₹13,871.27 crore), showing healthy growth.
Consolidated Results Show Strong Growth
The consolidated results, which include subsidiaries and joint ventures, demonstrate robust overall performance.
For the Quarter (Q3 FY26 vs. Q3 FY25):
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Consolidated PAT: ₹5,597.05 crore (Previous Year: ₹5,169.69 crore).
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Consolidated EPS: ₹5.66 (Previous Year: ₹5.22).
For the Nine Months (9M FY26 vs. 9M FY25):
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Consolidated PAT: ₹16,930.81 crore (Previous Year: ₹16,056.01 crore).
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Consolidated EPS: ₹17.08 (Previous Year: ₹16.31).
Second Interim Dividend Declared
In a key announcement for shareholders, the Board of Directors declared a second interim dividend of ₹2.75 per equity share (face value of ₹10 each) for the financial year 2025-26. The record date for determining shareholder eligibility will be announced later. This follows the first interim dividend of ₹2.75 per share paid in November 2025.
Operational and Strategic Updates
The company’s filing included several important operational notes:
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Tariff Regulations: Financials are prepared considering the new CERC Tariff Regulations, 2024, with capacity charges billed as per existing norms pending final orders.
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Coal Mining Business Transfer: The process of transferring NTPC’s coal mining business to its wholly-owned subsidiary, NTPC Mining Limited (NML), is ongoing. During the quarter, the Kerandari Coal Mine was transferred to NML.
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Compliance & Security: The company confirmed maintaining a 100%+ security cover for its listed secured debt and compliance with all financial covenants.
About NTPC Limited
NTPC Limited is India’s largest power utility with an installed capacity of over 76 GW. Committed to generating reliable and affordable power, the company has a diversified fuel mix and is aggressively pursuing renewable energy projects to support India’s green energy transition.
