NTPC Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with profit growth despite revenue decline. The power generation major reported steady earnings while maintaining its dividend distribution policy.

Financial Performance Overview

The company's standalone financial results for Q3FY26 demonstrated resilience with net profit increasing to ₹4,986.94 crore compared to ₹4,711.42 crore in the corresponding quarter of the previous year, marking a 5.8% year-on-year growth. However, revenue from operations faced headwinds, declining 1.8% to ₹40,643.79 crore from ₹41,368.88 crore in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, NTPC maintained positive profit momentum with net profit reaching ₹14,414.95 crore, up 3.9% from ₹13,871.27 crore in the corresponding period of FY25. Revenue from operations for the nine-month period stood at ₹122,383.00 crore, down 3.0% from ₹126,133.72 crore in the previous year.

Dividend Declaration and Corporate Actions

The Board of Directors approved a second interim dividend of ₹2.75 per share (27.5% on face value of ₹10 each) for the financial year 2025-26. The dividend payment is scheduled for February 25, 2026. This follows the first interim dividend of ₹2.75 per share declared in October 2025 and paid in November 2025.

Consolidated Results Performance

NTPC's consolidated financial results showed stronger performance compared to standalone figures. Consolidated net profit for Q3FY26 increased 8.3% to ₹5,597.05 crore from ₹5,169.69 crore in Q3FY25. Consolidated revenue from operations grew 1.7% to ₹45,845.68 crore from ₹45,069.43 crore.

Operational and Regulatory Updates

The company continues to operate under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2024, with capacity charges being billed provisionally pending final tariff orders. During the quarter, NTPC transferred Kerandari Coal Mine to its wholly-owned subsidiary NTPC Mining Limited with effect from December 1, 2025, as part of its ongoing coal mining business restructuring.

Financial Position and Key Ratios

NTPC maintained a strong balance sheet with net worth of ₹168,603.25 crore as of December 31, 2025, compared to ₹156,981.84 crore in the previous year. The company's debt-equity ratio stood at 1.09, while the interest service coverage ratio was 5.00 for the quarter, indicating healthy financial metrics.

The Board meeting was held on January 30, 2026, where these results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.

Source: NTPC Limited

NTPC Limited has announced changes in its senior management structure, with Executive Director Shri Aditya Dar set to retire through superannuation. The power generation company filed the mandatory disclosure with stock exchanges on January 29, 2026, in compliance with regulatory requirements.

Management Transition Details

The company reported the cessation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management change involves the following executive:

Regulatory Compliance

The disclosure was submitted to both major Indian stock exchanges as part of NTPC's ongoing compliance obligations. Company Secretary & Compliance Officer Ritu Arora signed the official communication, ensuring proper documentation of the senior management transition.

Exchange Communication

NTPC filed the intimation with BSE Limited and National Stock Exchange of India Limited simultaneously. The company maintains its listing on both exchanges, trading under scrip code 532555 on BSE and symbol NTPC on NSE. The formal notification ensures transparency regarding leadership changes that may impact stakeholder interests.

The retirement represents a natural transition as part of the company's succession planning process. NTPC continues to maintain its corporate governance standards through timely disclosure of material changes in senior management positions.