NTPC NTPC Q2 FY26 results (Jul–Sep 2025) and concall
NTPC delivered a solid H1 FY26 with record-breaking capacity additions of 4,403 MW and adjusted consolidated PAT growth of 10% YoY. The Mahi Banswara nuclear project formally began with the foundation stone ceremony. Management maintained FY26 COD guidance of ~9,844 MW and outlined 3-year visibility of ~30,000 MW. Subdued power demand due to milder weather was the only headwind, partially offsetting strong operational execution.
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What they filed
Q2 FY26: revenue up 0.2%, net profit down 2.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 44,706 | 45,069 | 49,834 | 47,064 | 44,786 +0% |
| EBITDA | 11,665 | 13,341 | 14,754 | 12,579 | 12,816 +10% |
| Net profit | 5,380 | 5,170 | 7,897 | 6,108 | 5,225 −3% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
