NTPC Limited (NTPC) Earnings Call Transcripts
NTPC Limited's Latest Earnings Call - Q4 FY2026
In Q4 FY '26, NTPC Limited reported a decline in total income to INR 44,030 crores from INR 45,830 crores in Q4 FY '25, but profit after tax surged by 51.4% to INR 8,747 crores. For the full fiscal year, total income decreased by 2.69% to INR 1,69,725 crores, while profit after tax grew by 18% to INR 23,162 crores. Management highlighted an increase in power demand and ongoing capacity expansion, especially in renewables. Guidance for FY '27 and FY '28 includes significant capacity additions across thermal, hydro, and renewable segments.
Reported metrics
| Metric | Value |
|---|---|
| Total Income | INR 44,030 crores (miss) |
| Profit After Tax | INR 8,747 crores (beat) |
| Installed Capacity | 89,108 MW (positive) |
| Renewable Energy Capacity | 12,068 MW (positive) |
| Coal Production | 47.88 million metric tonnes (positive) |
| Group CapEx | INR 49,068 crores (neutral) |
Guidance from management
NTPC plans to add 9,557 MW in FY '27 and 10,039 MW in FY '28. The company aims for 60 GW renewable capacity by 2032, with ongoing projects in nuclear and battery storage.
What management said
Thank you, Sudhanshu. I think the volume needs to be increased on your side, you were barely audible. Of course, we could understand you, but the volume needs to be increased, please see that. So thank you, and welcome you all. Good evening, ladies and gentlemen. Mr. Bansal, you can confirm my audibility is good?
No. As far as anything over and above this is concerned, we are right now in the process of identifying locations. 30 locations across India being explored. We have entered into MOU and with NP government, Satis government and joint working group as informed and consent given by government of Andhra Pradesh and studies have been completed, MP, Gujarat, Orissa, UP, Bihar, Maharashtra has given consent for preliminary ...
What analysts pressed on
Analysts questioned the impact of renewable curtailment on NGEL's EBITDA and the status of nuclear projects. Concerns were raised about transmission availability for upcoming renewable projects and the financial impact of thermal backing down.
Main topics on the call
- Capacity Expansion — NTPC added 9,618 MW in FY '26, marking the highest annual capacity addition since inception. The company plans to add 9,557 MW in FY '27 and 10,039 MW in FY '28, with a focus on renewables and thermal projects. 'NTPC Gro...
- Renewable Energy Growth — NTPC Green Energy Limited (NGEL) added 4,738 MW of renewable energy capacity in FY '26, with plans to add 8 GW annually in the coming years. 'Consolidated revenue from operations increased by 29% to INR 2,858 crores in F...
- Financial Performance — Despite a decline in total income, NTPC's profit after tax increased significantly due to cost management and operational efficiencies. 'Profit after tax for Q4 FY '26 is INR 8,747 crores as against INR 5,778 crores.'
- Energy Security and Fuel Supply — Management emphasized energy security with 18% of coal requirements met through captive mines. 'Coal position across all our power stations remain at comfortable levels, sufficient for nearly 18 days.'
Read the full NTPC Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About NTPC Limited
NTPC Limited (NTPC) is a publicly listed company in the Independent Power and Renewable Electricity Producers industry, within the Utilities sector. It trades on NSEI and is based in IN. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 23 calls on record spanning February 7, 2020 to May 23, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 23 NTPC Limited earnings call transcripts on record, spanning February 7, 2020 to May 23, 2026. Based on this history, NTPC Limited reports quarterly. The most recent call on file is dated May 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.