India · Delayed Price · Currency is INR NTPC Limited Earnings Call Transcripts
Fiscal Year 2026
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Group PAT rose 5.45% YoY to INR 16,931 crore on stable income, with record capacity additions and strong renewable growth. NGEL targets 5 GW in FY 2026 and 8 GW annually thereafter, while curtailment issues are easing and capital allocation remains robust.
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Group capacity rose 10% YoY with record additions, while financials remained robust despite subdued demand. Renewables and storage are key growth drivers, with major CapEx planned and a strong project pipeline. EESL losses persist, but receivables and operational metrics improved.
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, and major investments and joint ventures support ambitious expansion targets. Under-recovery and late payment surcharges declined, reflecting operational improvements.
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Q2 and H1 FY25 saw strong financial and operational results, with PAT up 19.66% and 15.2% year-over-year, respectively. Major progress was made in renewables, coal production, and project pipeline, with robust CapEx and clear guidance for future capacity additions.