India’s leading state-owned power giant, NTPC Ltd, has reported a stellar performance in its Q4 FY25 results, with a 22% year-on-year (YoY) surge in consolidated net profit, reaching ₹7,897.14 crore for the January-March 2025 quarter. This marks a significant rise from the ₹6,490.05 crore net profit recorded in Q4 FY24. The robust growth was primarily fueled by higher revenue from NTPC’s core generation business, reinforcing its position as a powerhouse in India’s energy sector.
Announced on May 24, 2025, these results highlight NTPC’s operational strength and strategic focus on expanding its energy portfolio, including renewable and nuclear energy initiatives. Here’s a detailed breakdown of NTPC’s Q4 and FY25 performance, key achievements, and future plans.
Key Financial Highlights of NTPC Q4 FY25
Net Profit Growth: NTPC’s consolidated net profit for Q4 FY25 rose by 21.7% YoY to ₹7,897.14 crore, compared to ₹6,490.05 crore in Q4 FY24.
Total Income: The company’s total income increased to ₹51,085.05 crore in the March 2025 quarter, up from ₹48,816.55 crore in the same period of FY24.
Generation Business Revenue: The core generation business contributed ₹49,352.99 crore in revenue, a notable rise from ₹47,088.70 crore in Q4 FY24.
Full-Year Performance: For FY25, NTPC’s net profit climbed to ₹23,953.15 crore, compared to ₹21,332.45 crore in FY24, with total income advancing to ₹1,90,862.45 crore from ₹1,81,165.86 crore.
Subsidiaries and Joint Ventures: Profit from subsidiaries grew to ₹4,139 crore in FY25 (from ₹3,897 crore in FY24), while joint venture profits rose to ₹2,214 crore (from ₹1,636 crore).
These figures underscore NTPC’s ability to deliver consistent financial growth, driven by its core operations and strategic expansions.
Dividend Announcements for FY25
NTPC’s board of directors has recommended a final dividend of 33.50% (₹3.35 per share) for FY25, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This is in addition to two interim dividends of ₹2.50 per share each, paid in November 2024 and February 2025, respectively, for a face value of ₹10 per share. This shareholder-friendly approach reflects NTPC’s strong financial health and commitment to rewarding investors.
Operational Achievements in FY25
NTPC has made significant strides in expanding its operational capacity and optimizing its energy mix:
Capacity Growth: NTPC’s total capacity increased by 3,972 MW to 79,930 MW in FY25, up from 75,958 MW in FY24. Standalone capacity grew by 335 MW to 59,413 MW.
Power Generation: Gross power generation rose by 3.07% to 372.825 billion units (BUs) in FY25, compared to 361.703 BUs in FY24.
Coal Supply: Coal supply from captive mines increased to 253.26 million metric tonnes (MMT) in FY25, up from 231.64 MMT in FY24.
Average Tariff: The average tariff for FY25 was ₹4.70 per kWh, reflecting stable pricing in a competitive market.
Strategic Initiatives: Renewable and Nuclear Energy
NTPC is aligning its growth strategy with India’s net-zero carbon emission goal by 2070 and the national target of 100 GW nuclear capacity by 2047. Key initiatives include:
Nuclear Power Ambitions: NTPC aims to develop 30 GW of nuclear power. The Government of India approved ASHVINI in FY25 to build, own, and operate nuclear power plants. NTPC is executing the Mahi Banswara Rajasthan Atomic Power Project, comprising four 700 MW reactors. Additionally, NTPC Parmanu Urja Nigam Limited, a wholly-owned subsidiary incorporated in January 2025, will explore advanced nuclear technologies like pressurized water reactors, small modular reactors, and fast breeder reactors. The company has identified 28 potential sites across states like Uttar Pradesh, Madhya Pradesh, Chhattisgarh, and Gujarat, with MoUs signed with the governments of Madhya Pradesh and Chhattisgarh.
Renewable Energy: Through its subsidiary NTPC Green Energy Ltd (NGEL), NTPC operates 7 GW of green energy, with 18 GW contracted and awarded and 9 GW in the pipeline. This positions NTPC as a leader in India’s renewable energy transition.
Pumped Storage Projects (PSPs): NTPC boasts a 21,240 MW PSP portfolio, with 10,200 MW under NTPC and 11,040 MW through THDC and NEEPCO. The Tehri PSP (1,000 MW) is nearing commissioning, with preliminary feasibility reports completed for 18 projects and detailed project reports in progress for four projects. PSPs offer over 40 years of operational life and attractive regulated returns, supporting India’s renewable energy goals.
Why NTPC’s Performance Matters
NTPC’s strong financial and operational performance in FY25 highlights its critical role in India’s energy landscape:
Energy Security: With 80 GW under operation and 34 GW under construction, NTPC is a cornerstone of India’s power infrastructure.
Sustainable Growth: The company’s focus on renewable energy and nuclear power aligns with India’s climate goals, ensuring long-term sustainability.
Investor Confidence: Consistent profit growth, capacity expansion, and attractive dividends make NTPC a compelling investment option.
About NTPC Ltd
Established in 1975, NTPC Ltd is India’s largest energy conglomerate, headquartered in New Delhi. The state-run entity is engaged in the entire value chain of power generation, producing electricity from fossil fuels, hydro, nuclear, and renewable sources. NTPC sells electricity to state power utilities on a wholesale basis, playing a pivotal role in powering India’s growth.
Conclusion
NTPC’s Q4 FY25 results reflect its robust financial health and strategic vision, with a 22% YoY net profit growth to ₹7,897 crore and significant advancements in capacity and renewable energy initiatives. The company’s focus on nuclear power, green energy, and pumped storage projects positions it as a leader in India’s transition to a sustainable energy future. With a recommended final dividend of ₹3.35 per share and a strong operational track record, NTPC continues to deliver value to shareholders and contribute to India’s energy security.
Investors and stakeholders can look forward to NTPC’s continued growth as it drives innovation and sustainability in the power sector. Stay tuned for more updates as the company progresses toward its ambitious 30 GW nuclear power and 60 GW renewable energy goals.
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