NTPC Q4 Results: Net profit surges 22% YoY to ₹7,897 crore, aided by higher revenue from generation business

The power major had reported a net profit of ₹6,490.05 crore in the January-March period of 2023-24.

NTPC's total income increased to ₹51,085.05 crore in the latest March quarter from ₹48,816.55 crore logged in Q4 FY24. The company earned a revenue of ₹49,352.99 crore alone from the generation business, up from the ₹47,088.70 crore revenue garnered from the segment in the fourth quarter of FY24.

For the full FY25, the company's net profit rose to ₹23,953.15 crore against ₹21,332.45 crore seen in FY24.

The total income also advanced to ₹1,90,862.45 crore from ₹1,81,165.86 crore seen in FY24.

In FY25, the profit from subsidiaries increased to ₹4,139 crore, higher from ₹3,897 crore registered in FY24. While the share of profit from joint ventures also rose to ₹2,214 crore in the fiscal year ending March 2025 from ₹1,636 crore recorded in the April-March 2023-24.

The company's board of directors has recommended a final dividend of 33.50% (₹3.35 per share) for 2024-25, subject to approval of shareholders in the ensuing annual general meeting.

The final dividend is in addition to the first interim dividend at the rate of ₹2.50 per share and the second interim dividend at ₹2.50 per share of a face value of ₹10 each for FY25, paid in November and February, respectively.

In a snapshot, NTPC said its capacity increased by 3,972 MW to 79,930 MW in FY25 from 75,958 MW as of March 2024. While standalone capacity increased by 335 MW to 59,413 MW as of March 2025 from 59,078 MW in FY24.

The gross power generation was at 372.825 billion units (BUs) during the year, up 3.07% as against 361.703 BUs in FY24.

The average tariff for the year was ₹4.70/kWh (kilowatt hour) in FY25. Total coal supply to power plants from captive mines was at 253.26 MMT in FY25 as against 231.64 MMT in FY24.

About capacity, the company said around 80 GW is under operation and another 34 GW is under construction. There is 7 GW of green energy under operation through the subsidiary NTPC Green Energy Ltd (NGEL), 18 GW contracted & awarded and 9 GW under pipeline, the company said.

"Our approach is two-pronged: in FY 2024-25, the government of India approved ASHVINI to build, own, and operate nuclear power plants. We are in the process of executing the Mahi Banswara Rajasthan Atomic Power Project, comprising four 700 MW reactors."

Second, the company has incorporated NTPC Parmanu Urja Nigam Limited in January 2025 as a wholly-owned subsidiary to explore advanced nuclear technologies, including pressurised water reactors, small modular reactors and fast breeder reactors.

Around 28 potential sites have been identified across states like UP, MP, Chhattisgarh, Gujarat, and others, with memoranda of understanding already signed with the Madhya Pradesh and Chhattisgarh governments, the company said.

On pumped storage projects (PSPs), the company said it is strategically positioned with an impressive 21,240 MW pumped storage portfolio – 10,200 MW under NTPC and 11,040 MW through THDC and NEEPCO.

"We will see our first 1,000 MW commissioned through Tehri PSP shortly. We have completed preliminary feasibility reports for 18 projects, and detailed project reports for four projects are in an advanced stage," NTPC said.

PSP assets offer over 40 years of operational life and attractive regulated returns. As critical infrastructure for India's renewable transition, they add long-term stability to our energy portfolio, ensuring sustainable growth while advancing energy security and climate goals.

About NTPC Ltd

Established in 1975, NTPC Ltd (NTPC) is an energy and power conglomerate. The state-run entity's primary activities encompass the entire value chain of power generation, including the production of electricity from fossil fuels, hydro, nuclear, and renewable energy sources.

The PSU, which is headquartered in New Delhi, produces electricity and sells it to state power utilities on a wholesale basis.

NTPC is a Maharatna company.