NPTC shares climb 2% as Q1 profit jumps 12% YoY, revenue soars 8%; here’s what analysts said

At around 12:21 PM, the stock was trading 1.11% higher at ₹351.05 per equity share. The scrip has gained 1% over the week and 4% on a year-to-date (YTD) basis.

While the share hit a 52-week high of ₹414.40 apiece on April 27, 2026, it touched a year’s low of ₹315.55 on December 9, 2025.

Q1 results

NTPC posted an 11.82% year-on-year (YoY) surge in its consolidated net profit (attributable to the owners of the company) to ₹6,721.05 crore during the quarter under review, compared with ₹6,010.60 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26), according to a regulatory filing dated July 24.

Its revenue from operations jumped 7.81% YoY to ₹50,740.96 crore in the first quarter of FY27, as against ₹47,064.35 crore in the corresponding period of the previous year.

It recorded revenue of ₹49,143.35 crore from the generation segment for the reporting quarter, marking a 7.1% YoY increase from ₹45,902.14 crore in Q1 FY26.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹16,231 crore in the quarter ended June 30, 2026, reflecting a 29% YoY growth from ₹12,579 crore in the year-ago period.

NTPC board approves fund raising up to ₹12,000 crore via NCDs

The company’s board of directors also approved a fundraiser of up to ₹12,000 crore via the issuance of secured/unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures (NCD Bonds), subject to shareholder approval.

The NCDs of up to ₹12,000 crore will be issued in one or more tranches or series not exceeding 12, through private placement in the domestic market during the period commencing from the date of passing of the special resolution until completion of one year thereof or the date of the next Annual General Meeting (AGM) in the financial year 2027-28, whichever is earlier.

The size, tenor, listing details (BSE and/or NSE), coupon or interest rate, security, if applicable, and other applicable details will be decided at the time of issue of each tranche or series, the filing read.

Analysts' view

Its standalone coal plant availability factor (PAF) improved to 94%, in contrast to 93.5% in 1Q FY26, and its standalone generator grew by 3% YoY to 93.6 billion units (BU). Its solar utilisation improved in Q1, while hydro was subdued.

NTPC delivered on its energy security agenda by saving the grid when demand spiked with a 50 basis points (bps) and 155 bps YoY rise in coal PAF and plant load factor (PLF), while marginally reducing its tariff.

The analysts said key during the quarter was its $31 billion capex plan over FY27-29, led by the under-construction of 19 GW in regulated and 16 GW of non-fossil projects for an installed capacity of about 91 GW, along with its entry into Battery Energy Storage System (BESS).

NTPC has a total market capitalisation of ₹3.4 lakh crore as of July 27, 2026, according to data on the NSE.