NTPC Q4 2026 Results: On 23 May 2026, NTPC reported higher profit in March quarter, supported by improved generation business performance and lower deferred tax liabilities. NTPC’s consolidated PAT rose 24% YoY, while revenue from operations declined 0.29% compared to last year.NTPC also announced a final dividend of ₹3.50 per share for FY26. 

NTPC Q4 2026 Result Highlights

Revenue held steady, operating margins expanded meaningfully year-on-year, and PAT number was sharply improved by a one-time deferred tax credit.

Source: NSE filing, NTPC FY26 Consolidated Annual Results

NTPC reported consolidated revenue from operations of ₹49,687.77 crore in Q4 FY26, compared with ₹49,833 crore in Q4 FY25, registering a decline of 0.29% year-on-year. revenue increased 8.38% from Q3 FY26. 

Higher generation revenue and operational performance supported the growth in the March quarter.

Total income for the quarter stood at ₹50,410.58 crore, down 1.32% from ₹51,085.05 crore from the year-ago. Total income rose 8.87% from Q3 FY26.

Consolidated profit after tax stood at ₹10,614 crore in Q4 FY26, compared with ₹7,897 crore in Q4 FY25, reflecting a rise of 34% YoY. PAT surged 89% from Q3 FY26.

Earnings per share increased to ₹10.81 from ₹5.97 in the corresponding quarter last year.

NTPC Full-Year Performance Remained Strong

FY26 was a strong year for NTPC on a full-year consolidated basis. 

Source: NSE filing, NTPC FY26 Consolidated Annual Results

For full year, NTPC Revenue from operations remain near-flat at ₹1,87,384.63 crore. 

PAT rose to ₹27,545.76 crore, up 15.02% from ₹23,953.15 crore in FY25.

Operating cash flow for the year was ₹50,901.81 crore, marginally above ₹50,487.84 crore in FY25, reflecting the company’s strong cash generation capacity as a regulated utility.

Total debt on a consolidated basis stood at ₹2,67,258.20 crore as of 31 March  2026, up from ₹2,47,575.12 crore a year ago, reflecting continued capital expenditure funding. 

NTPC Dividend 2026 and Stock Performance

NTPC announced a final dividend of ₹3.50 per equity share of face value ₹10 each for FY26. Including the two interim dividends of ₹2.75 each already paid, the total dividend payout for FY26 stood at ₹9 per share. The dividend is subject to shareholder approval at the upcoming annual general meeting.

Ahead of results, NTPC shares price closed nearly flat on Friday. On a one-year basis, from 23 May 2025 to 23 May 2026, NTPC share price gained close to 14%. Over the 3 years from 23 May 2023 to 23 May 2026, NTPC stock price surged around 122%. In 5 -year from 23 May 2021 to 23 May 2026, NTPC shares climbed nearly 246%.

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