NTPC Limited, India’s largest integrated power generator, reported a strong financial performance for the second quarter of FY27, with consolidated profit after tax (PAT) increasing 40.68% year-on-year to ₹7,351 crore, compared with ₹5,225 crore in the corresponding quarter of the previous financial year.
The company’s consolidated revenue from operations rose 21.2% to ₹54,270 crore in Q2 FY27, compared with ₹44,784 crore in Q2 FY26.
The growth in consolidated profitability was supported by higher contributions from subsidiary companies. Profits from subsidiaries increased 73% to ₹1,990 crore during the quarter, compared with ₹1,149 crore in the year-ago period.
Along with its quarterly results, NTPC’s board declared a first interim dividend of ₹3 per equity share for FY27.
NTPC Q2 Results : Key Financial Highlights
NTPC reported growth in both standalone and consolidated financial performance during the September 2026 quarter.
Consolidated Performance:
- Consolidated revenue from operations: ₹54,270 crore, up 21.2% year-on-year.
- Consolidated profit after tax: ₹7,351 crore, up 40.68% year-on-year.
- Profit from subsidiary companies: ₹1,990 crore, compared with ₹1,149 crore in Q2 FY26.
Standalone Performance:
- Total income: ₹46,842 crore, compared with ₹40,689 crore in Q2 FY26, registering growth of 15.12%.
- Profit after tax: ₹5,320 crore, compared with ₹4,653 crore in the corresponding quarter last year, increasing approximately 14%.
NTPC’s H1 FY27 Financial Performance
NTPC also reported growth in its financial performance for the first half of FY27, covering the six months ended September 30, 2026.
On a consolidated basis, the company’s profit after tax increased 25.70% to ₹14,247 crore, compared with ₹11,334 crore in the corresponding period of the previous financial year.
On a standalone basis, profit after tax rose 13.09% to ₹10,662 crore from ₹9,428 crore in H1 FY26.
The first-half performance reflects the company’s continued focus on power generation and operational efficiency.
NTPC’s Power Generation Efficiency Improves
Operational performance remained an important contributor to NTPC’s results.
During H1 FY27, NTPC’s coal-based power stations recorded a Plant Load Factor (PLF) of 75.11%, compared with 68.35% for coal-based power stations across the rest of India.
Plant Load Factor measures the actual electricity generated by a power plant against the maximum electricity it could generate at full capacity over a given period. A higher PLF generally indicates better utilisation of installed generation capacity.
The company’s performance highlights the contribution of its coal-based power stations to its overall generation operations.
NTPC Declares First Interim Dividend of ₹3 Per Share
Along with its Q2 FY27 financial results, NTPC’s board declared the first interim dividend for FY27 at 30% of the paid-up equity share capital.
The dividend amounts to ₹3 per equity share, based on the face value of ₹10 per share.
The dividend announcement comes alongside the company’s growth in consolidated and standalone profitability during the September quarter.
Conclusion
NTPC’s Q2 FY27 results reflected strong year-on-year growth in consolidated profitability and revenue. The 40.68% increase in consolidated PAT was supported by higher contributions from subsidiary companies, while the company’s coal-based power stations also reported a higher Plant Load Factor than the national average during H1 FY27.
The declaration of a ₹3 interim dividend further accompanied the company’s quarterly earnings announcement. Going forward, power generation performance, operational efficiency and contributions from subsidiaries will remain important factors to watch in NTPC’s financial performance.
Source: NTPC’s official Q2 and H1 FY27 financial results and company press release; consolidated revenue figures as reported in financial coverage.
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