State-run NTPC and Green Arm Post Strong Q2 Profit Growth

State-run power giant NTPC Limited and its renewable energy arm, NTPC Green Energy Limited, have posted strong financial results for the second quarter of the 2026-27 financial year. NTPC reported a 38.7 percent jump in its net profit to 7,029.56 crore rupees for the September quarter, up from 5,066.78 crore rupees in the same period last year. Its renewable subsidiary recorded a 59 percent increase in net profit, reaching 137.50 crore rupees compared to 86.38 crore rupees a year ago.

Revenue and Expenses

NTPC posted a 21.2 percent annual rise in its net consolidated revenue, touching 54,269.95 crore rupees, while total expenses grew to 48,059.30 crore rupees. The parent firm's earnings before interest, tax, depreciation and amortisation, or EBITDA, climbed to 15,627 crore rupees. Meanwhile, NTPC Green Energy saw its total income grow 52 percent to 1,000.76 crore rupees, with its EBITDA rising to 544.45 crore rupees and expenses standing at 876.03 crore rupees. Economic Times also noted that NTPC saw a 14 percent increase in standalone net profit alongside an operational revenue rise of 16.8 percent, while also boosting capital expenditure on pumped storage projects.

Dividends and Stock Movement

NTPC announced its first interim dividend for the financial year at the rate of 30 percent, which equals 3 rupees per equity share on a face value of 10 rupees. NTPC Green Energy did not declare any dividend with its results. Ahead of trading sessions, NTPC shares closed 2.23 percent higher at 316 rupees each on the BSE with a market value of over 3.06 lakh crore rupees, whereas NTPC Green Energy stock ended 1.74 percent lower at 82.47 rupees per share with a market capitalisation of 69,491.94 crore rupees.

Context

State-owned power companies in India often balance traditional thermal generation with rapid expansion into renewable energy assets to meet national green targets. Earnings reports from large public sector undertakings are closely watched by market investors to gauge overall industrial demand and sector health.