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NTPC's Profit Soars 14% Amidst Energy Expansion
31 Oct
Summary
- Standalone net profit increased 14% year-on-year to Rs 5,320 crore.
- Operational revenue saw a 16.8% rise to Rs 45,752 crore.
- NTPC is investing in 16 GW of pumped storage capacity.
NTPC, the state-owned power utility, announced a strong financial performance for the second quarter of FY27. The company's standalone net profit surged by 14% year-on-year, reaching Rs 5,320 crore compared to Rs 4,653 crore in the same period last year.
Revenue from operations climbed by 16.8%, totaling Rs 45,752 crore from Rs 39,165 crore a year prior. Accompanying this financial growth, NTPC's board approved a first interim dividend of Rs 3 per equity share for FY27, with November 6, 2026, set as the record date for eligible shareholders.
In strategic moves to ensure future energy security and growth, NTPC is increasing its capital expenditure on pumped storage projects. The company boasts a significant pumped storage project portfolio with a total capacity of 16 GW. Furthermore, NTPC has initiated efforts to explore partnerships for developing co-generation plants, integrating coal, renewable energy, and Battery Energy Storage Systems.
