Stock Report

NTPC Consolidated Q1 FY27 Net Profit Rises 12.9% YoY to ₹6,896 Crore; Operational Revenue Up 7.8% at ₹50,741 Crore

Posted On : 2026-07-24 20:49:11( TIMEZONE : IST )

NTPC Limited (NSE: NTPC, BSE: 532555, CIN: L40101DL1975GOI007966), the state-owned power generation giant, announced its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27).

The Maharatna public sector undertaking posted a solid double-digit growth in its net profit for the quarter, driven by expanded generation operations and stronger contributions from its joint venture entities.

Overall Financial & Revenue Performance

Note: All financial figures are reported in ₹ Crore as per the official financial filing.

Revenue from Operations: Rose 7.81% YoY to ₹50,740.96 crore in Q1 FY27, compared to ₹47,064.35 crore recorded in Q1 FY26. On a sequential basis, operational revenue grew 2.12% QoQ from ₹49,686.31 crore in Q4 FY26.

Other Income: Stood at ₹400.55 crore for the quarter, down from ₹756.76 crore in Q1 FY26 and ₹724.27 crore in Q4 FY26.

Total Income: Reached ₹51,141.51 crore, representing a 6.94% YoY increase over ₹47,821.11 crore in Q1 FY26 and up 1.45% QoQ from ₹50,410.58 crore in Q4 FY26.

Profit Before Tax (PBT): Advanced 13.44% YoY to ₹8,596.32 crore (before tax, regulatory deferral account balances, and joint venture shares), compared to ₹7,577.77 crore in Q1 FY26 (down 11.56% QoQ from ₹9,720.06 crore in Q4 FY26).

Tax Expense: Totaled ₹2,263.25 crore (comprising current tax of ₹1,467.74 crore and deferred tax of ₹795.51 crore), compared to ₹1,656.60 crore in Q1 FY26.

Net Movement in Regulatory Deferral Account Balances (Net of Tax): Stood at ₹520.06 crore, compared to ₹2,007.32 crore in Q1 FY26.

Consolidated Net Profit After Tax (PAT): Expanded 12.90% YoY to ₹6,896.44 crore, up from ₹6,108.46 crore in Q1 FY26. On a sequential basis, PAT dropped 35.03% QoQ from ₹10,614.95 crore in Q4 FY26 (which was elevated due to tax adjustments).

Profit Attributable to Owners of Parent: Stood at ₹6,721.05 crore (versus ₹6,010.60 crore in Q1 FY26).

Earnings Per Share (EPS): Basic and Diluted EPS (including net movement in regulatory deferral account balances) rose to ₹6.93 per share (face value ₹10/- each, not annualized), up from ₹6.20 in Q1 FY26. EPS excluding regulatory movements stood at ₹6.39 per share (versus ₹4.13 in Q1 FY26).

Consolidated Expense Breakdown (Q1 FY27)

Total consolidated expenses for Q1 FY27 rose 1.39% YoY to ₹43,130.11 crore, compared to ₹42,539.94 crore in Q1 FY26, but dropped slightly by 0.25% QoQ from ₹43,237.90 crore in Q4 FY26:

Fuel Cost: Reached ₹25,394.77 crore (up 1.69% YoY from ₹24,973.04 crore in Q1 FY26 and up 17.14% QoQ from ₹21,678.64 crore in Q4 FY26).

Electricity Purchased for Trading: Stood at ₹1,710.22 crore (versus ₹1,372.93 crore in Q1 FY26).

Employee Benefits Expense: Reached ₹1,713.10 crore (versus ₹1,584.35 crore in Q1 FY26).

Finance Costs: Reduced to ₹3,386.04 crore (versus ₹3,467.52 crore in Q1 FY26 and ₹3,736.82 crore in Q4 FY26).

Depreciation, Amortisation and Impairment Expense: Stood at ₹5,233.70 crore (versus ₹4,587.00 crore in Q1 FY26).

Other Expenses: Totaled ₹5,692.28 crore (versus ₹6,555.10 crore in Q1 FY26).

Segmental Breakdown (Revenue & PBIT)

1. Generation Segment

Segment Revenue: Rose 7.06% YoY to ₹49,143.35 crore, up from ₹45,902.14 crore in Q1 FY26 and ₹48,548.49 crore in Q4 FY26.

Segment Result (PBIT): Came in at ₹10,505.49 crore, up 5.05% YoY from ₹10,000.92 crore in Q1 FY26.

2. Others Segment

Segment Revenue: Expanded 35.25% YoY to ₹6,618.64 crore, compared to ₹4,893.54 crore in Q1 FY26 and ₹4,704.92 crore in Q4 FY26.

Segment Result (PBIT): Rose 57.10% YoY to ₹899.56 crore, up from ₹572.62 crore in Q1 FY26 and ₹551.27 crore in Q4 FY26.

3. Joint Ventures & Inter-Segment Elimination

Share of Profit of Joint Ventures: Contributed ₹628.23 crore during the quarter, compared to ₹476.57 crore in Q1 FY26.

Inter-Segment Elimination: Stood at ₹4,720.67 crore for Q1 FY27.

Key Balance Sheet & Financial Ratios

Paid-Up Equity Share Capital: Remained unchanged at ₹9,696.67 crore (Face value ₹10/- per share).

Net Worth: Expanded to ₹2,09,681.57 crore as of June 30, 2026, compared to ₹1,88,844.22 crore as of June 30, 2025 and ₹2,03,023.74 crore as of March 31, 2026.

Paid-Up Debt Capital: Stood at ₹2,72,081.67 crore, compared to ₹2,48,359.48 crore in Q1 FY26.

Debt Equity Ratio: Stood at 1.30x (versus 1.31x in Q1 FY26 and 1.32x in Q4 FY26).

Debt Service Coverage Ratio (DSCR): Improved to 1.43x, compared to 0.74x in Q4 FY26.

Interest Service Coverage Ratio (ISCR): Stood at 4.58x, up from 4.08x in Q1 FY26.

Operating Margin (%): Expanded to 23.81% in Q1 FY27, compared to 22.80% in Q1 FY26.

Net Profit Margin (%): Stood at 13.59%, up from 12.98% in Q1 FY26.

Current Ratio: Recorded at 0.87x (versus 0.95x in Q1 FY26).

Debtors Turnover Ratio (Annualised): Improved to 5.08x (versus 5.60x in Q1 FY26).

Inventory Turnover Ratio (Annualised): Recorded at 11.39x, up from 9.97x in Q1 FY26.

Total Assets & Liabilities Overview

Total Segment Assets: Expanded to ₹5,71,050.68 crore as of June 30, 2026 (Generation: ₹5,00,335.28 crore; Others: ₹26,448.85 crore; Unallocated: ₹46,437.51 crore), up 7.36% YoY from ₹5,31,880.11 crore as of June 30, 2025.

Total Segment Liabilities: Stood at ₹3,61,206.02 crore as of June 30, 2026 (Generation: ₹65,530.85 crore; Others: ₹10,416.03 crore; Unallocated: ₹2,87,430.10 crore), compared to ₹3,41,736.65 crore as of June 30, 2025.

Shares of NTPC Limited was last trading in BSE at Rs. 347.15 as compared to the previous close of Rs. 348.75. The total number of shares traded during the day was 694878 in over 10026 trades.

The stock hit an intraday high of Rs. 350.20 and intraday low of 345.05. The net turnover during the day was Rs. 241856536.00.