NTPC Limited Reports Strong FY26 Financial Performance; Standalone PAT Rises 18%, Group PAT Grows 15%

NTPC Limited has reported strong financial and operational performance for the fourth quarter and full financial year ended March 31, 2026, supported by capacity additions, operational efficiencies, and improved profitability across its group companies.

India’s largest integrated power utility recorded a standalone total income of ₹44,030 crore in Q4 FY26, marking a 6% increase compared to the previous quarter. Profit After Tax (PAT) for the quarter rose sharply to ₹8,747 crore from ₹4,987 crore reported in Q3 FY26.

For the full financial year FY26, NTPC’s standalone PAT increased by 18% to ₹23,162 crore compared to ₹19,649 crore in FY25. The company attributed the growth to gains from new capacity additions, operational improvements, lower finance costs, and revisions in deferred tax and regulatory deferred account balances.

On a consolidated basis, NTPC Group reported a 15% rise in PAT for FY26, reaching ₹27,546 crore compared to ₹23,953 crore in the previous financial year. The company also recorded significant contributions from its joint ventures and subsidiaries during the year.

Profit contribution from joint ventures increased by 29% to ₹2,864 crore in FY26, while subsidiaries collectively generated profits of ₹3,312 crore. NTPC Group’s PAT for Q4 FY26 stood at ₹10,615 crore, rising substantially from ₹5,597 crore reported in Q3 FY26.

The company’s coal-based power stations continued to outperform national averages in operational efficiency. NTPC’s coal plants achieved a Plant Load Factor (PLF) of 72.04% during FY26, significantly higher than the Rest of India coal PLF of 63.20%.

The latest financial results further reinforce NTPC’s position as a leading player in India’s power sector, supported by strong operational performance and its diversified growth strategy across generation assets and joint ventures.