Transcript of the Earnings Conference call for the Quarter and year ended 31.03.2026
NTPC · price
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NTPC reported Q4 FY26 PAT of ₹8,747 crore (up 51.4% YoY) and full-year PAT of ₹23,162 crore (up 18%), with consolidated group PAT at ₹27,546 crore. The company achieved its highest-ever annual capacity addition of 9,618 MW, taking NTPC Group installed capacity to over 90 GW. Total income for FY26 stood at ₹1,69,725 crore on standalone basis, slightly lower than previous year due to reduced power demand during daytime solar hours. NGEL contributed strongly with 114% growth in generation to 14.6 billion units and 87% EBITDA margins. The board recommended a total dividend of ₹9 per share for FY26. Management targets 60 GW renewable capacity by 2032, with NGEL planning 8 GW annual additions in FY27 and FY28.
Strong profitability growth with 18% PAT increase reflects cost discipline and regulatory protections. Despite flat revenue due to lower demand, shareholders benefited from improved earnings and dividend payout. The diversified pipeline across thermal, nuclear, hydro, and renewables positions NTPC for sustained long-term value creation.