NTPC Q4 Profit at ₹8,747 Crore, Board Declares 35% Final Dividend

New Delhi: NTPC Limited, India's largest state-owned power utility and a Maharatna PSU, announced its audited financial results for the quarter and year ended 31 March 2026 today, reporting a standalone net profit of ₹8,747.27 crore for the fourth quarter (Q4 FY26). For the full financial year 2025-26, the company reported a record standalone net profit of ₹23,162.22 crore, marking a significant 17.9% increase from ₹19,649.41 crore in FY25.

Financial Highlights (Standalone, FY26 vs FY25)

Full Year Net Profit: ₹23,162.22 crore (vs. ₹19,649.41 crore in FY25)
Q4 Net Profit: ₹8,747.27 crore (vs. ₹5,778.14 crore in Q4 FY25)
Total Income (Full Year): ₹1,69,724.60 crore
Profit Before Tax (PBT): ₹22,556.93 crore
Earnings Per Share (EPS): ₹23.89 (basic) for FY26

Also Read: NTPC Q3 FY26 Net Profit Rises 6% YoY to ₹4,987 Cr; Declares ₹2.75 Per Share Interim Dividend

Shareholder Reward: Final Dividend Declared

The Board of Directors has recommended a final dividend of 35% (₹3.50 per equity share of ₹10 face value) for the financial year 2025-26. This final dividend is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM).

Record Date: To be announced following AGM approval

Payment Date: To be announced post-AGM

The company had earlier paid a first interim dividend of ₹2.75 per share in November 2025 and a second interim dividend of ₹2.75 per share in February 2026. Consequently, the total dividend for FY26 stands at ₹9.00 per equity share.

Key Financial Metrics & Ratios (as on 31 March 2026)

Debt Equity Ratio: 1.09
Debt Service Coverage Ratio: 1.68 (improved from 1.37 in FY25)
Interest Service Coverage Ratio: 4.75
Current Ratio: 0.94
Operating Margin: 21.85%
Net Profit Margin: 14.00% (improved from 11.56% in FY25)
Net Worth: ₹1,74,688.19 crore
Paid-up Debt Capital: ₹1,90,109.58 crore

Asset Quality & Compliance

The Joint Statutory Auditors of the company have furnished their audit report on the standalone and consolidated financial results with an unmodified opinion. The company has confirmed that it has maintained a security cover of 100% or higher for its secured listed non-convertible debt securities, sufficient to discharge the principal and interest. NTPC has also confirmed full compliance with all financial covenants related to its listed debt securities.

Segment-Wise Performance (Full Year FY26)

Generation Segment Revenue: ₹1,62,530.49 crore
Generation Segment Profit (PBIT): ₹32,900.43 crore
Others Segment Revenue: ₹12,296.51 crore
Others Segment Profit (PBIT): ₹1,414.74 crore

Nine-Month Performance (Apr-Dec 2025 vs 9M FY25)

For the nine-month period ended 31 December 2025, the standalone net profit stood at ₹14,414.95 crore (excluding Q4), reflecting strong operational efficiency and higher capacity charge realization.

Consolidated Results

Including its subsidiaries and joint ventures, the consolidated net profit for the full year ended 31 March 2026 stood at ₹27,545.76 crore, with a total comprehensive income of ₹27,587.32 crore. The consolidated net profit attributable to owners of the parent company was ₹27,052.52 crore. The consolidated earnings per share (basic) for FY26 stood at ₹27.90.

Strategic Business Updates

During the fiscal year, NTPC made significant progress in hiving off its coal mining business to its wholly-owned subsidiary, NTPC Mining Limited (NML). Five out of six coal mine businesses were transferred during the year, with the remaining one transferred effective 1 April 2026. The purchase consideration for the transfer was approximately ₹6,020.62 crore, partially settled through equity allotment.

Board Meeting Details

The Board Meeting commenced at 11:45 AM and concluded at 1:40 PM on 23 May 2026. The financial results have been reviewed by the Audit Committee on 22 May 2026 and approved by the Board of Directors on 23 May 2026.