NTPC's Q2 net profit rises 38.7%, interim dividend set at Rs 3 per share

what happened

According to Moody's, state-run power producer NTPC posted a net profit of Rs 7,029.56 crore for the September quarter of fiscal 2026-27. That is 38.7% above the Rs 5,066.78 crore recorded a year earlier. Net consolidated revenue climbed 21.2% to Rs 54,269.95 crore, and EBITDA reached Rs 15,627 crore against Rs 12,814 crore a year earlier.

Its renewable subsidiary, NTPC Green Energy, reported a net profit of Rs 137.50 crore, up 59% from the prior year. Total income rose 52% to Rs 1,000.76 crore, and EBITDA reached Rs 544.45 crore compared with Rs 368.28 crore. NTPC Green Energy did not declare any dividend with its results.

NTPC announced a first interim dividend for fiscal 2026-27 of 30% of face value, equal to Rs 3 per share on shares with a face value of Rs 10. NTPC shares closed 2.23% higher at Rs 316 on Friday, with a market capitalisation of Rs 3,06,414.65 crore. NTPC Green Energy shares ended 1.74% lower at Rs 82.47.

why it matters

Solid profit and revenue growth at India's largest power generator matters for investors in the Indian power sector and state-owned utilities. Investors will watch how the market reacts when trading resumes on Monday, November 2, since the dividend and quarterly momentum will shape views on both stocks.

market impact

NTPC and Indian power stocks: profit growth and dividend support interest in the shares

• ▲NTPC shares pressure up — 38.7% profit growth and the announced interim dividend support investor interest
• ↔NTPC Green Energy shares mixed — 59% profit growth supports the stock, but no dividend was declared and the market cap is small

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