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Informist, Thursday, Oct. 30, 2025

 

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--NTPC Jul-Sept net profit INR 46.53 bln
--Analysts saw NTPC Jul-Sept net profit at INR 44.93 bln 
--NTPC Jul-Sept revenue INR 391.67 bln 
--Analysts saw NTPC Jul-Sept revenue at INR 425.12 bln 
--NTPC Jul-Sept net profit INR 46.53 bln vs INR 46.49 bln year ago 
--NTPC to pay INR 2.75 per share first interim dividend 
--NTPC Jul-Sept revenue INR 391.67 bln vs INR 403.37 bln year ago 
--NTPC Apr-Sept net profit INR 94.28 bln vs INR 91.60 bln year ago 
--NTPC Apr-Sept revenue INR 817.39 bln vs INR 847.65 bln year ago

 

By Gopika Balasubramanium

 

MUMBAI – NTPC Ltd.'s bottom line for the September quarter surpassed analysts' expectations even though the year-on-year growth was the slowest in six quarters. The company's revenue from operations fell short of consensus estimates and also fell on year for the second quarter in a row. As a result, NTPC reported weak September quarter results despite its total expenses falling.

 

The company's net profit for the September quarter rose a scant 0.1% on year to INR 46.53 billion. This was slightly higher than the INR 44.93 billion expected by the Street. This means a 2.5?ll in net profit on a quarter-on-quarter basis. The company earned revenue of INR 391.67 billion from its core operations, well below the projections of INR 452.12 billion. The revenue fell 3% on year and 8% on quarter.

 

The company's total income for the quarter was INR 406.89 billion, down over 1% from INR 412.45 billion reported a year ago. Its other income for the quarter rose nearly 68% on year to INR 15.23 billion.

 

During the quarter, the company's revenue from its power generation operations fell 3% on year to INR 385.14 billion. NTPC earned revenue of INR 31.28 billion from its other operations, substantially better than the INR 27.92 billion it had earned in the September quarter a year ago.

 

NTPC had a standalone portfolio of 74.37 gigawatts under coal, gas, hydroelectric, and solar units as of Sept. 30. Of this, 60.71 gigawatts is operational and 13.67 gigawatts is under construction. On a consolidated basis, the company had a portfolio of 117.35 gigawatts as of Sept. 30, which includes 83.89 gigawatts of operational capacity and 33.45 gigawatts of capacity under construction.

 

The gross power generated by NTPC in the September quarter fell 6% to 83.16 billion units from 88.46 billion units a year ago. The company's commercial generation figure was largely the same as the power generation number, suggesting that it commercialised all the power it had generated. The company transmitted 77.10 billion units of power, down more than 6% from 82.23 billion units a year ago.

 

The plant load factor of NTPC's hydroelectric power stations rose to 104.60% during the quarter from 97.37% a year ago. The plant load factor of its thermal power stations, however, fell to 66.01% from 72.28% a year ago. The on-year fall in the plant load factor of the coal-fired power stations was because of lower generation on account of grid restrictions, the company said.

 

The plant load factor of NTPC's solar power units in the September quarter was 22.84%, an improvement from 18.38% during the corresponding quarter a year ago. The plant load factor of NTPC's small hydroelectric power units was 13.79%, more than halved from 27.85% in the year-ago quarter.

 

The company's average tariff during the half-year ended Sept. 30 was INR 4.90 per kilowatt-hour, nearly 5% higher than the average tariff a year ago. The fixed charges rose to INR 1.86 per kilowatt-hour because of lower power generation and because the new capacity additions have higher fixed charges. The variable charges remained largely unchanged at INR 2.86 per kilowatt-hour.

 

The company's domestic coal supply position in the reporting quarter was 53.10 million tonnes, down nearly 3% on year. For Apr-Sept, its domestic supply position was 114.85 million tonnes, down over 2% on year.

 

The company's total expenses during the quarter fell over 4% on year to INR 358.02 billion. This was mainly because of a 4% year-on-year decrease in fuel costs to INR 220.14 billion. The fuel costs accounted for 61% of NTPC's overall expenditure. The company's other expenses fell nearly 11% on year to INR 49.57 billion. Its finance cost fell 14% on year to INR 26.62 billion. The costs incurred to purchase electricity for trading rose marginally to INR 8.68 billion. NTPC's employee costs rose 1% on year to INR 13.09 billion. 

 

For the half year ended Sept. 30, NTPC's net profit rose 3% on year to INR 94.28 billion while the revenue from operations fell around 4% on year to INR 817.39 billion. The company declared its September quarter results after market hours Thursday. Its shares closed 0.7% lower at INR 345.15 on the National Stock Exchange ahead of the earnings.  End

 

Edited by Rajeev Pai

 

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