Q4 2026 NTPC Ltd Earnings Call Transcript
Key Points
- NTPC Ltd (BOM:532555) achieved a significant improvement in ESG performance, with MSCI ESG rating upgraded from CCC to BB.
- The company added 9,618 megawatts of capacity during FY26, marking the highest annual capacity addition since inception.
- NTPC's profit after tax for FY26 increased by 18% to INR23,162 crores compared to the previous year.
- The company has a strong pipeline with over 34 gigawatts of capacity under construction, providing a foundation for future growth.
- NTPC achieved a growth of 13% in power trading through NVVNL, indicating strong operational performance.
- Total income for FY26 declined by 2.69% compared to the previous year due to lesser demand.
- NTPC's generation stood at 432.2 billion units in FY26, a decrease from 438.7 billion units in FY25.
- The company experienced a curtailment of 314 MUs during the year due to grid situations.
- Outstanding receivable days, although improved, still indicate a challenge in cash flow management.
- The company's renewable energy capacity addition fell short of initial targets, with some projects spilling over to the next fiscal year.
Ladies and gentlemen, good day, and welcome to the NTPC Q4 FY26 Earnings Conference Call hosted by JM Financial. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Sudhanshu Bansal from JM Financial. Thank you, and over to you, sir.
Thank you, Sawer. Hello, everyone. On behalf of JM Financial, I welcome you all to the Q4 FY26 Earning Call of NTPC. For today's call, we have with us the leadership team of NTPC, led by Shri Jaikumar Srinivasan-ji, Director Finance, along with other functional directors and other team members.
Before we proceed, I would like to congratulate Srinivasan, sir, for being conferred with the Dealmaker CFO of the Year Award at ETCFO Leadership Summit 2026 on 6 March, recognizing his outstanding contribution to strategic transactions and value creation. Heartly congratulations, sir.
Now I will hand over call to sir for his opening remarks, after which we will open the floor for Q&A
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