| Revenue growth | Standalone Q2 revenue +17%; H1 +10% |
|---|---|
| Margins | NGEL EBITDA margin 89%; coal disincentive halved to INR332 cr |
| Order book | Lara Stage 3 1,600 MW awarded; 4.8 GW thermal tenders planned |
| Demand visibility | Peak demand up 14.5% H1; 37 GW under construction |
| Management confidence | Confident of FY28 RE ramp; FY27 capacity guidance cut |
Growth
Standalone H1 revenue INR89,584 cr (+10%); H1 adjusted PAT INR10,469 cr (+17%). Group H1 PAT INR14,247 cr (+26%).
Outlook
FY28 target 9.6 GW, FY29 10.9 GW; 4.8 GW thermal tenders planned; INR3/share interim dividend declared.
Risks
Transmission constraints curtailing NGEL RE output; coal stocks only 7 days; RE capacity target cut to about 8 GW.
Last quarter's promises, checked
Delivered
- Cost of debt 5.98% (FY26 level cited, no FY27 target) → 5.72% (= BEAT)
Partly delivered
- Sinnar 1,350 MW: 1 unit commissioned in CY2026 ('best efforts') → turnaround Dec–Jan, commissioning not confirmed (= PARTIAL)
Missed
- FY27 RE addition 7–8 GW (transmission-contingent) → target cut to ~8 GW, slipping (= MISS)
Investor Presentation filed with NSE, NSE: NTPC. Summary written with AI assistance from the document.
NTPC Ltd: key numbers
- Share price
- ₹323.45
- Market cap
- ₹3,13,639 Cr
- Revenue (annual)
- ₹1,87,385 Cr
- Net profit (annual)
- ₹27,053 Cr
- P/E (TTM)
- 10.6×Sector 21.9×
- Promoter holding
- 51.10%+0.00% QoQ
- FII holding
- 15.79%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from NTPC Ltd
All →NTPC Other Announcement
NTPC Ltd received an improved ESG score of 64.2 from SES ESG Research. This unsolicited rating reflects a 1.4-point increase over the previous year's performance.
NTPC Dividend
NTPC Limited's board approved an interim dividend of Rs 3 per equity share for FY 2026-27 on 31 October 2026. Record date is 6 November 2026 and payment by 25 November 2026.
NTPC Business Update
NTPC shared its operational and financial snapshot for the September 2026 quarter and half year. It is accessible through a link on its investor page.
NTPC Q2 FY27 Results: Net Profit ₹7,351 Cr, Up 40.7% YoY
NTPC Ltd reported revenue from operations of ₹54,270 Cr (+21.2% YoY) and net profit of ₹7,351 Cr (+40.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹7,351 Cr · +40.7% YoY
NTPC Production Started
NTPC's subsidiary NVVN declared its first 250 MW / 500 MWh BESS project commercial from 27 October 2026, with power scheduling starting 28 October. This is a commercial operation start for a new energy storage asset.
- battery energy storage capacity
- 250.0 MW
NTPC Board Meeting Date
NTPC intimated a board meeting on 31 October 2026 to consider unaudited results for the quarter and half year ended September 2026 and a possible first interim dividend. The trading window stays closed until 2 November 2026.