FILE PHOTO: NTPC declares highest-ever cash dividend in FY26, with total dividend outflow of ₹14,435 crore
| Photo Credit:
FRANCIS MASCARENHAS
NTPC Ltd, India’s largest power generator, reported a record group profit of ₹27,546 crore in FY2025-26, a rise of roughly 15 per cent over the previous year’s ₹23,953 crore, according to its investor presentation at the 22nd Annual Analysts and Institutional Investors’ Meet held on July 27, 2026.
The state-owned utility also recorded its highest-ever group capital expenditure of ₹55,986 crore in FY26, signalling aggressive capacity expansion plans. Consolidated EBITDA grew to ₹60,564 crore, maintaining a four-year CAGR of 8.54 per cent. Group net worth stood at ₹2,03,024 crore as of March 31, 2026.
NTPC added 9.6 GW of capacity in FY26, taking its total operational capacity to 90.9 GW across the group. A further 35.7 GW is under construction. The company’s renewable energy capacity reached 12 GW operationally, with a visible pipeline of approximately 30 GW and targets of 60 GW by FY32 and 136 GW by FY37. Under its Corporate Plan 2037, NTPC aims for a total portfolio of 250 GW.
On the operational front, NTPC Coal Stations achieved a Plant Load Factor of 72.04 per cent in FY26, maintaining a clear lead over the all-India average of 65.59 per cent. Coal production from captive mines reached 48.66 million tonnes in FY26.
The company declared the highest-ever cash dividend in FY26, with total dividend outflow of ₹14,435 crore at a pay-out ratio of 38 per cent. Trade receivables improved sharply to 15 days from 31 days in the previous year, reflecting stronger payment realisation.
NTPC is also expanding into nuclear power through its wholly-owned subsidiary NPUNL, targeting a 30 GW contribution toward India’s 100 GW nuclear capacity goal by 2047. A green hydrogen hub at Pudimadaka, Visakhapatnam, capable of producing approximately 1,400 tonnes per day, is also under development.
The stock closed at ₹350.80 on the NSE on July 27, 2026, up 1.04 per cent for the day, giving the company a total market capitalisation of approximately ₹3,39,335 crore.
Published on July 27, 2026
