NTPC Announces Financial Results for FY 2025-26; Recommends Total Dividend of 9.00 Per Share
NTPC Limited today announced its audited financial results and key updates for the quarter and financial year ended March 31, 2026. The Board of Directors recommended a final dividend of 3.50 per equity share (face value of 10/- each) for the financial year 2025-26.The total dividend recommended, including the first interim dividend of 2.75 per share (paid in November 2025) and the second interim dividend of 2.75 per share (paid in February 2026), totals 9.00 per equity share (face value of 10/- each).
Financial Performance Highlights
For the year ended March 31, 2026, the Group reported a total comprehensive income of 27,587.32 crore. The profit for the period stood at 23,162.22 crore on a standalone basis, compared to 23,953.15 crore on a consolidated basis.Consolidated revenue from operations reached 189,798.56 crore for the year ended March 31, 2026. This figure compared to 188,138.06 crore in the previous fiscal year. The majority of the revenue was generated from core operations, with the Generation segment contributing 162,530.49 crore for the full year.
Key Financial Data (in crore)
The table below summarizes the consolidated financial results for the year ended March 31, 2026, compared to the previous year.| Metric | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| Total Income from Operations | 189,798.56 | 188,138.06 |
| Profit for the Period | 27,545.76 | 23,953.15 |
| Total Comprehensive Income After Tax | 27,587.32 | 23,622.81 |
| Earnings per equity share (Basic and Diluted) | 27.90 | 24.16 |
| Paid-up equity share capital (Rs. 10/- each) | 9,696.67 | 9,696.67 |
| Total Assets | 558,643.56 | 524,399.70 |
Group Structure and Market Standing
NTPC Limited confirmed its status as a Large Corporate for the Financial Year 2025-26. Key borrowing metrics under the Large Corporate (LC) Framework are as follows:| Metric | Value (Rs. In Crores) |
|---|---|
| Outstanding Qualified Borrowings (Start of FY 2025-26) | 1,19,454.14 |
| Outstanding Qualified Borrowings (End of FY 2025-26) | 1,08,443.60 |
| Highest Credit rating of the Company | AAA |
| Incremental borrowing done during the year | 9,810 |
| Borrowings by way of issuance of debt securities during FY 25-26 | 8,000 |
Strategic Corporate Developments
NTPC also reported on several significant structural and operational changes during the year:1. Mining Business: The Company continued transferring its coal mining business to its wholly owned subsidiary, NTPC Mining Limited (NML). During the year, five out of six Coal Mine businesses were transferred to NML, with the remaining one Coal Mine business transferred effective April 1, 2026.
2. Strategic Investments: NTPC acquired a 50% stake in Sinnar Thermal Power Limited (STPL) from MAHAGENCO, making STPL a 50:50 joint venture. The transaction was completed on February 24, 2026, with the total consideration being 3,800.14 crore.
3. JV Acquisition: The Company signed an agreement with the Municipal Corporation of Delhi (MCD) for the termination of the Joint Venture Agreement with NTPC EDMC Waste Solutions Private Limited (NEWS) and the acquisition of MCD's 26% shareholding in NEWS, which will make NEWS a wholly owned subsidiary.
Balance Sheet and Liquidity
The consolidated balance sheet for the year ended March 31, 2026, showed total assets of 558,643.56 crore. Current assets were recorded at 18,662.62 crore, while non-current assets stood at 449,309.54 crore.The company maintains a strong debt cover, with the total debt to total assets ratio standing at 0.48. The Group’s net worth was reported at 203,023.74 crore as of March 31, 2026.
The company also reaffirmed its commitment to debt compliance, certifying that it complied with all financial covenants for the listed debt securities for the quarter ending March 31, 2026.
Cash Flow Summary
Cash generation remained robust, with Net cash from operating activities reaching 40,999.88 crore for the year ended March 31, 2026, compared to 33,635.63 crore in the previous year. Cash flow from investing activities was primarily driven by investments, while cash flow from financing activities totaled (11,328.36) crore.NTPC Stock Price Movement
On Friday, NTPC Limited shares edged higher, settling at ₹388.65, reflecting a slight gain of 0.05% for the session. Trading concluded with significant investor interest, as the stock moved on a high volume of 11.76 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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