NTPC reports Q4 net profit ₹8,747.3 Cr

NTPC said on May 23 that it had reported standalone net profit of ₹8,747.3 crore for the quarter ended March 31, according to its audited financial results filed with exchanges. The state-run power producer disclosed the results after its audit committee reviewed them on May 22 and its board approved them on May 23, the filing showed. The company’s filing also said its joint statutory auditors issued an unmodified opinion on the standalone and consolidated annual financial results. CNBCTV18 Live had cited a poll estimate of ₹6,241 crore for quarterly profit. ### Why did profit beat the poll even as revenue missed? NTPC reported standalone revenue of ₹43,110.7 crore for the March quarter, below the ₹48,390 crore poll figure cited by CNBCTV18 Live. The same market poll cited EBITDA of ₹14,255 crore and margin of 29.3% for the quarter. The company’s reported standalone EBITDA was ₹12,504 crore and margin was 29%, according to the figures cited by CNBCTV18 Live. That left profit ahead of the poll while revenue, EBITDA and margin came in below those estimates. ### What exactly did NTPC file with exchanges? The May 23 exchange filing said NTPC submitted audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The filing said the submission was made under Regulation 33 of the SEBI listing rules and would also be treated as the integrated financial filing for the period. The filing said Director (Finance), a whole-time director of NTPC, signed the financial results under Regulation 33(2)(b) of the SEBI rules. It also said the audit committee reviewed the results on May 22, 2026, and the board approved them on May 23, 2026. ### Was there also a dividend announcement? NTPC said in the same filing that the board recommended a final dividend for the financial year 2025-26. (ntpc.co.in) The subject line of the exchange filing referred to a recommended final dividend alongside the audited results submission. Market reports on May 23 said the recommended final dividend was ₹3.50 per share. (ntpc.co.in) The Economic Times reported that the recommendation would take total FY26 dividend to ₹9 per share, including the earlier interim dividend, subject to shareholder approval. ### How do the standalone numbers differ from the consolidated results? The standalone quarter is the set of numbers highlighted in the initial market reaction: ₹8,747.3 crore of net profit, ₹43,110.7 crore of revenue, ₹12,504 crore of EBITDA and 29% margin. Those are the figures CNBCTV18 Live compared with poll estimates. The consolidated picture was higher on profit and revenue. The Economic Times reported consolidated net profit of ₹10,615 crore for the March quarter and consolidated revenue of ₹49,688 crore. (economictimes.indiatimes.com) ### Where can investors look next? NTPC’s investor relations results page lists its quarterly and annual financial disclosures, including the 2025-26 fourth-quarter results. The company’s May 23 filing was addressed to both the National Stock Exchange of India and BSE. The next formal step is shareholder consideration of the final dividend at NTPC’s annual general meeting. (economictimes.indiatimes.com) The audited results and dividend recommendation are already on record in the company’s May 23 exchange filing. (ntpc.co.in 1) (ntpc.co.in 2)