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Informist, Friday, Jan. 30, 2026

 

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--NTPC Oct-Dec net profit INR 49.87 bln 
--Analysts saw NTPC Oct-Dec net profit at INR 49.08 bln 
--NTPC Oct-Dec revenue INR 406.44 bln 
--Analysts saw NTPC Oct-Dec revenue at INR 431.05 bln 
--NTPC Oct-Dec net profit INR 49.87 bln vs INR 47.11 bln year ago 
--NTPC Oct-Dec revenue INR 406.44 bln vs INR 413.69 bln year ago 
--NTPC to pay INR 2.75 per share interim dividend 
--NTPC Oct-Dec operating margin 21.83% vs 20.71% year ago 
--NTPC Apr-Dec net profit INR 144.15 bln vs INR 138.71 bln year ago 
--NTPC Apr-Dec revenue INR 1.22 tln vs INR 1.26 tln year ago 
--NTPC Oct-Dec generation segment revenue INR 399.19 bln vs INR 407.21 bln 
--NTPC group capex INR 334.66 bln in Apr-Dec vs INR 307.79 bln year ago 
--NTPC: Q3 standalone regulated equity INR 944.15 bln; INR 902.89 bln Q3 FY25 
--NTPC: Q3 consol regulated equity INR 1.19 tln vs INR 1.06 tln in Q3 FY25 

 

By Arya S. Biju

 

MUMBAI - Lower fuel costs helped NTPC Ltd. report a slightly better-than-expected bottom line for the December quarter despite its revenue falling from a year ago. The revenue was also lower than analysts' estimates. The company's top line fell for the third straight quarter dragged down by a fall in revenue from its power generation business. 

 

The company's net profit for the December quarter rose nearly 6% on year to INR 49.87 billion. This was slightly higher than the INR 49 billion expected by the Street. The company earned a revenue of INR 406.44 billion in Oct-Dec from its core operations, well below the projections of INR 431 billion. On a year-on-year basis, the revenue fell nearly 2%.  

 

The country's biggest power utility firm's operating margin for the reporting quarter improved 112 basis points on year to 21.83%. The total income for the reporting quarter was INR 416.73 billion, down 1.5% on year. Its other income for the quarter rose over 10% on year to INR 10.29 billion.

 

The company's total expenses for the December quarter fell around 1% on year and over 2% sequentially to INR 350.44 billion. This was mainly on the back of a near 8% on year fall in its fuel costs--which accounted for 62% of the total expenses--to INR 217.58 billion. On the other hand, the company's other expenses and costs related to depreciation and amortisation rose around 28% and 11% on a year-on-year basis to INR 44.80 billion and INR 41.17 billion, respectively.

 

Costs related to electricity purchased for trading for the quarter were INR 9.43 billion, up from INR 8.74 billion reported a year ago. Its finanace costs for the quarter rose over 3% on year to INR 22.75 billion and tax for the quarter rose over 10% on year to INR 21.09 billion. 

 

The state-run power transmission company's gross power generation in the December quarter fell over 4% on year to 87.26 billion units. Its commercial power generation for the quarter too was down more than 4% on year at 87.25 billion units. The company transmitted around 81 billion units of power in the reporting quarter, down around 5% from 85.06 billion units in the corresponding quarter a year ago. 

 

For the December quarter, NTPC earned a revenue of INR 399.19 billion from power generation, down around 2% on year. The company earns nearly 96% of its revenue from this segment. Meanwhile, revenue from other operations grew around 6% on year to INR 32.13 billion.  

 

The plant load factor of NTPC's coal units in the December quarter was 71.03%, down from 75.98% in the corresponding quarter a year ago. On the other hand, the plant load factor for its gas units improved to 4.46% from 3.42% in the year-ago quarter. The company's plant load factor for solar and hydro plants also improved on year. The plant load factor for solar units in the December quarter came in at 21.16%, up from 20.26% a year ago and that for hydro projects was 27.21%, up from 22.11% a year ago.

The company's average tariff for the nine months ended Dec. 31 was INR 4.89 per kilowatt-hour, up 4.5% on year. The fixed charges rose due to lower power generation and on capacity additions with higher fixed charges, NTPC said in a post earnings presentation. 

 

The company's domestic coal supply position was 59.91 million tonnes in the reporting quarter, down almost 9% on year. There were no coal imports by the company in the December quarter, against 240,000 tonnes it imported in the corresponding quarter a year ago.

 

As of Dec. 31, the state-owned company's standalone regulated equity was INR 944.15 billion compared to INR 902.89 billion in the year-ago quarter. Its consolidated regulated equity was INR 1.19 trillion compared to INR 1.06 trillion in the corresponding quarter a year ago. 

 

For the nine months ended Dec. 31, the company reported a net profit of INR 144.15 billion, up around 4% on year. Its revenue for the same period fell around 3% on year to INR 1.22 trillion.

 

NTPC announced its December quarter earnings post market hours Friday. The company also announced its second interim dividend for 2025-26 (Apr-Mar). It announced an interim dividend is of INR 2.75 per share. Ahead of the earnings, the stock closed around 1% lower at INR 356 on the National Stock Exchange.  End 

 

Edited by Vandana Hingorani

 

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