NTPC lifts Q2 net profit 38.7% and declares first interim dividend

what happened

India's state-owned power utility NTPC Limited reported a 38.7% year-on-year rise in consolidated net profit attributable to owners, reaching Rs 7,029.56 crore in the second quarter of fiscal 2026-27. A year earlier the figure stood at Rs 5,066.78 crore. Moody's reported that net revenue from operations climbed 21.2% to Rs 54,269.95 crore, while fuel costs rose to Rs 28,628.19 crore from Rs 23,062.34 crore.

The board declared an interim dividend of 30% on the Rs 10 face value per share for FY27, the first interim payout of the current fiscal year. The record date is November 6, and the payment is expected within the statutory period starting November 25, 2026.

On Friday, October 30, the stock closed 2.23% higher on BSE at Rs 316 per share, giving a market capitalisation of Rs 306,414.65 crore. Over one week the shares gained 6%, but they fell 1.86% over one month, 8.27% over three months and about 20.82% over six months.

why it matters

For the market, the combination of higher profit and an interim dividend is the main positive, but revenue and fuel costs are growing at nearly comparable rates, so margin trends remain the key question for investors. The one-week gain does not reverse the six-month decline in the shares.

market impact

NTPC shares: higher profit and interim dividend support interest in the stock within India's power sector

• ▲NTPC shares pressure up — higher profit and the interim dividend support investor interest

tags

instruments