NTPC shares advanced 2.14% to ₹349.15 on Monday, July 20, 2026, positioning it among the top gainers on the Nifty 50 index despite a 'Very Bearish' sentiment rating by Moneycontrol. The rally came after the company reported robust Q1 FY27 results with consolidated net profit of ₹9,421.25 crore, marking a substantial 29.69% increase from ₹7,264.63 crore in Q1 FY26. Total income for the quarter stood at ₹50,410.58 crore compared with ₹51,085.05 crore a year earlier, while total expenses declined to ₹43,237.90 crore from ₹43,390.76 crore. The Earnings Per Share (EPS) also saw a notable rise of 37.70%, reaching ₹10.81 for the quarter ending March 2026, up from ₹7.85 in March 2025. According to latest reports, this significant rise in profitability occurred despite a marginal decrease in consolidated revenue, which stood at ₹49,687.77 crore for the quarter ending March 2026, down 0.29% from ₹49,833.70 crore in the corresponding period of the previous year. The divergent trend of decreasing revenue but increasing net profit can partly be attributed to a significant tax benefit, with the company reporting a negative tax figure of ₹9,062 crore in March 2026, compared to a positive tax contribution of ₹2,725 crore in March 2025.
State-owned NTPC Ltd will consider its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27) at its Board meeting scheduled for July 24. According to an exchange filing, the Board will also consider raising ₹12,000 crore through secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative, non-convertible debentures (NCDs). The proposal is subject to shareholders' approval at the company's Annual General Meeting (AGM). The board will review and approve the unaudited financial results after they are reviewed by the audit committee.
According to reports from The Economic Times, NTPC reported a consolidated net profit of ₹27,546 crore for FY26, up 15% from ₹23,953 crore in FY25. Total income for FY26 stood at ₹187,384.63 crore, a slight decrease of 0.40% from ₹188,138.06 crore in the previous fiscal year. However, net profit demonstrated robust growth, increasing by 13.53% to ₹24,681.66 crore in March 2026, compared to ₹21,739.44 crore in March 2025. The EPS also climbed to ₹27.90 for the year ending March 2026, a significant 37.17% rise from ₹20.34 in March 2025. The company's Debt to Equity ratio improved to 1.32 in March 2026 from 1.34 in March 2025, signaling a reduction in financial leverage. Return on Equity (ROE) also saw an uptick, rising to 13.55% in March 2026 from 12.72% in March 2025, indicating enhanced returns for shareholders.
NTPC demonstrated strong cash generation capabilities with cash flow from operating activities increasing to ₹50,901 crore in March 2026, up 0.92% from ₹50,435 crore in March 2025. More significantly, the net cash flow for March 2026 saw a dramatic surge of 254.35%, reaching ₹1,995 crore compared to ₹563 crore in the previous fiscal year. This substantial increase in net cash flow suggests improved liquidity and the company's ability to fund its operations and investments effectively. Investing activities continued to show significant outflows, amounting to ₹37,578 crore in March 2026, indicating ongoing capital expenditure for capacity expansion and project development.
Despite a 'Very Bearish' sentiment rating by Moneycontrol as of July 20, 2026, NTPC shares recorded an upward movement today, signaling investor confidence in its operational performance and corporate actions. The company has been active on the corporate governance front, with the board appointing Mr. Som Nath Sachdeva as a Non-Executive Independent Director, effective July 18, 2026. NTPC also announced the Declaration of Commercial Operation Date (COD) for an 11 MWac Floating Solar Plant on the Raw Water Reservoir of Khurja STPP of THDC India Limited on July 17, 2026. In terms of shareholder returns, NTPC has maintained a consistent dividend payout policy, declaring a second interim dividend of ₹2.75 per share (27.5%) announced on January 22, 2026, with an effective date of February 6, 2026. The stock has gained 1.67% in 2026, while the Nifty 50 has declined 6.93% during the same period. NTPC shares settled at ₹341.85 on Friday, down 0.18%, with the stock touching a 52-week high of ₹414.40 on April 27, 2026, and a 52-week low of ₹315.55 on December 9, 2025.
