India · Delayed Price · Currency is INR NTPC Limited Earnings Call Transcripts
Fiscal Year 2026
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Group PAT rose 15% to INR 27,546 crore in FY 2026, with record capacity additions and strong renewable growth. NGEL achieved 29% revenue growth and 87% EBITDA margin, while CapEx and project pipeline remain robust. Dividend maintained at INR 9 per share.
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Group PAT rose 5.45% YoY to INR 16,931 crore, with strong renewable and thermal capacity additions. NGEL targets 5 GW in FY 2026 and 8 GW annually thereafter, with 74% of capacity PPA tied. Receivable days improved and curtailment losses are expected to decline.
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Group capacity rose 10% YoY with record additions, while financials remained robust despite flat revenue. Renewables and storage projects accelerated, and major hydro, nuclear, and international initiatives advanced. EESL losses persist, but CapEx and capacity targets remain ambitious.
Fiscal Year 2025
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FY25 saw robust growth with 4% higher Q4 income and 12% group PAT growth, driven by record renewable additions and strong JV/subsidiary performance. CapEx and capacity expansion targets remain ambitious, with land and connectivity secured for upcoming projects.
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Q3 FY25 saw strong financial and operational growth, with total income and PAT rising YoY. Renewable capacity additions are on track, with ambitious targets for the next three years and significant investments in both thermal and green energy. Multiple JVs and MoUs support expansion.
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Q2 FY25 saw strong financial and operational results, with group PAT up 13% and significant progress in renewables and coal production. 13.6 GW of new thermal capacity is planned by FY27, and renewable additions are on track to reach 19.4 GW by FY27. NTPC Green Energy IPO remains on schedule.