Shares of NTPC Ltd slipped over 2% on Friday, October 31, trading at ₹338.05 after the company reported muted earnings growth for the September quarter (Q2 FY25). The stock opened weak following the numbers, reflecting profit-booking and cautious sentiment post-results.
The state-owned power producer posted a standalone net profit of ₹4,653 crore for Q2, marginally higher by 0.11% from ₹4,648 crore in the same quarter last year. However, profitability remained broadly flat despite an improvement in operating performance.
Revenue for the quarter came in at ₹39,166 crore, up 2.9% from ₹40,337 crore a year ago. NTPC’s EBITDA rose 3.4% year-on-year to ₹10,019 crore, with margins expanding to 25.6% versus 24% in the previous year.
The earnings were broadly in line with CNBC-TV18 poll estimates, with profit nearly matching the forecast of ₹4,654.4 crore and revenues slightly ahead of the estimated ₹39,050 crore. EBITDA and margins also beat expectations, supported by operational efficiencies.
The board declared the first interim dividend of ₹27.75 per share for FY26, with the payment date set for November 25.
As of September, NTPC’s total installed and commercial capacity stood at 83,893 MW. In the first half of FY26, the company’s gross generation reached 174.48 billion units, while the average tariff increased to ₹4.9 per unit from ₹4.67 in the year-ago period.
Shares of NTPC, India’s largest power generator catering to nearly one-fourth of the nation’s electricity demand, have seen volatility lately amid market-wide profit-booking and global energy sentiment trends.
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