Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of NTPC Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 44,253 | 43,075 | 44,983 | 42,820 | 47,628 | 48,529 | 44,706 | 45,069 | 49,834 | 47,065 | 44,786 | 45,846 | 49,688 |
| Expenses + | 32,311 | 30,664 | 32,303 | 31,458 | 33,638 | 35,091 | 33,041 | 31,729 | 35,080 | 34,485 | 31,970 | 31,276 | 41,181 |
| Operating Profit | 11,942 | 12,411 | 12,680 | 11,362 | 13,990 | 13,438 | 11,665 | 13,341 | 14,754 | 12,580 | 12,816 | 14,570 | 8,507 |
| OPM % | 27% | 29% | 28% | 27% | 29% | 28% | 26% | 30% | 30% | 27% | 29% | 32% | 17% |
| Other Income + | 1,084 | 994 | 1,024 | 2,532 | 1,400 | 1,187 | 3,218 | 986 | 4,180 | 3,240 | 2,734 | 1,738 | 1,917 |
| Interest | 2,860 | 2,922 | 2,921 | 3,250 | 2,955 | 3,136 | 3,621 | 2,764 | 3,648 | 3,468 | 3,432 | 3,164 | 3,737 |
| Depreciation | 3,848 | 3,821 | 4,038 | 4,074 | 4,271 | 4,204 | 4,216 | 4,318 | 4,663 | 4,587 | 4,816 | 5,093 | 5,134 |
| Profit before tax | 6,318 | 6,661 | 6,746 | 6,571 | 8,164 | 7,284 | 7,046 | 7,245 | 10,623 | 7,765 | 7,301 | 8,050 | 1,553 |
| Tax % | 23% | 26% | 30% | 21% | 20% | 24% | 24% | 29% | 26% | 21% | 28% | 30% | -584% |
| Net Profit + | 4,872 | 4,907 | 4,726 | 5,209 | 6,490 | 5,506 | 5,380 | 5,170 | 7,897 | 6,108 | 5,225 | 5,597 | 10,615 |
| EPS in Rs | 5.01 | 5.03 | 4.76 | 5.32 | 6.36 | 5.65 | 5.44 | 5.22 | 7.85 | 6.20 | 5.23 | 5.66 | 10.81 |
Financials of NTPC Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 79,957 | 73,396 | 82,042 | 88,083 | 100,287 | 109,464 | 111,531 | 132,669 | 176,207 | 178,525 | 188,138 | 187,385 |
| Expenses + | 62,605 | 54,829 | 60,445 | 65,598 | 77,576 | 77,878 | 77,487 | 92,307 | 128,611 | 127,056 | 133,783 | 134,563 |
| Operating Profit | 17,352 | 18,568 | 21,598 | 22,485 | 22,710 | 31,586 | 34,044 | 40,362 | 47,596 | 51,469 | 54,355 | 52,822 |
| OPM % | 22% | 25% | 26% | 26% | 23% | 29% | 31% | 30% | 27% | 29% | 29% | 28% |
| Other Income + | 2,338 | 1,188 | 1,592 | 5,576 | 2,818 | 8,209 | 5,021 | 4,809 | 2,561 | 5,177 | 8,526 | 5,278 |
| Interest | 3,669 | 3,366 | 3,753 | 4,447 | 5,605 | 8,189 | 9,224 | 9,376 | 11,447 | 12,301 | 13,282 | 13,801 |
| Depreciation | 5,565 | 5,771 | 6,010 | 7,460 | 8,669 | 10,356 | 12,450 | 13,788 | 14,792 | 16,204 | 17,401 | 19,629 |
| Profit before tax | 10,456 | 10,618 | 13,426 | 16,154 | 11,255 | 21,250 | 17,390 | 22,007 | 23,917 | 28,142 | 32,198 | 24,669 |
| Tax % | 4% | -2% | 20% | 35% | -25% | 44% | 14% | 23% | 28% | 24% | 26% | -12% |
| Net Profit + | 9,992 | 10,781 | 10,714 | 10,502 | 14,034 | 11,902 | 14,969 | 16,960 | 17,121 | 21,332 | 23,953 | 27,546 |
| EPS in Rs | 10.09 | 10.92 | 10.83 | 10.66 | 13.88 | 11.72 | 15.09 | 17.20 | 17.44 | 21.46 | 24.16 | 27.90 |
| Dividend Payout % | 21% | 26% | 37% | 40% | 44% | 27% | 41% | 41% | 42% | 36% | 35% | 32% |
Financials of NTPC Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8,245 | 8,245 | 8,245 | 8,245 | 9,895 | 9,895 | 9,697 | 9,697 | 9,697 | 9,697 | 9,697 | 9,697 |
| Reserves | 73,849 | 83,330 | 89,593 | 95,318 | 101,462 | 108,945 | 116,042 | 125,677 | 137,326 | 151,013 | 174,374 | 193,479 |
| Borrowings + | 102,252 | 99,424 | 113,773 | 130,049 | 173,058 | 200,630 | 210,208 | 210,707 | 222,913 | 237,131 | 250,096 | 271,005 |
| Other Liabilities + | 35,366 | 33,666 | 36,990 | 48,880 | 62,509 | 58,202 | 62,075 | 69,751 | 77,253 | 81,437 | 89,330 | 84,463 |
| Total Liabilities | 219,712 | 224,665 | 248,601 | 282,492 | 346,923 | 377,671 | 398,022 | 415,831 | 447,189 | 479,278 | 523,497 | 558,644 |
| Fixed Assets + | 91,853 | 92,929 | 104,532 | 128,245 | 150,985 | 187,803 | 203,245 | 224,923 | 240,424 | 258,934 | 271,437 | 318,821 |
| CWIP | 67,555 | 75,046 | 86,896 | 83,386 | 118,397 | 98,508 | 97,506 | 91,126 | 89,179 | 87,664 | 100,859 | 84,833 |
| Investments | 1,902 | 6,473 | 7,614 | 8,876 | 8,132 | 9,307 | 10,589 | 10,626 | 13,935 | 15,885 | 19,704 | 24,180 |
| Other Assets + | 58,403 | 50,217 | 49,560 | 61,985 | 69,409 | 82,053 | 86,681 | 89,156 | 103,651 | 116,795 | 131,498 | 130,810 |
| Total Assets | 219,712 | 224,665 | 248,601 | 282,492 | 346,923 | 377,671 | 398,022 | 415,831 | 447,189 | 479,278 | 523,497 | 558,644 |
Financials of NTPC Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 14,889 | 24,125 | 20,167 | 19,670 | 18,686 | 24,583 | 32,444 | 41,788 | 47,152 | 40,099 | 50,436 | 50,902 |
| Cash from Investing Activity + | -15,977 | -19,162 | -24,480 | -20,678 | -24,063 | -30,322 | -21,034 | -22,891 | -26,145 | -31,456 | -45,800 | -37,578 |
| Cash from Financing Activity + | -1,474 | -3,899 | 3,138 | 1,028 | 4,927 | 6,004 | -11,049 | -19,172 | -21,217 | -8,246 | -4,073 | -11,328 |
| Net Cash Flow | -2,563 | 1,064 | -1,176 | 19 | -451 | 266 | 360 | -274 | -210 | 398 | 563 | 1,995 |
| Free Cash Flow | -4,431 | 3,110 | -4,161 | 912 | -2,842 | 6,521 | 9,162 | 17,457 | 22,432 | 9,358 | 9,431 | 6,895 |
| CFO/OP | 97% | 137% | 106% | 79% | 98% | 89% | 104% | 109% | 108% | 85% | 101% | 103% |
Financials of NTPC Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 41 | 40 | 37 | 45 | 68 | 92 | 77 | 62 | 68 | 67 | 71 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 42 | 41 | 40 | 37 | 45 | 68 | 92 | 77 | 62 | 68 | 67 | 71 |
| Working Capital Days | -47 | -39 | -52 | -44 | -106 | -35 | -61 | -62 | -43 | -45 | -38 | -55 |
| ROCE % | 8% | 7% | 9% | 9% | 7% | 10% | 9% | 9% | 10% | 10% | 11% | 8% |