New Delhi, July 28, 2025 — NTPC Green Energy Limited, a subsidiary of NTPC Limited,
has posted a strong set of numbers for the quarter ended June 30, 2025, with consolidated net
profit rising 26% year-on-year to ₹220.48 crore, driven by steady renewable generation and
higher other income from IPO proceeds.
Consolidated Financial Highlights (Q1 FY26 vs Q1 FY25)
Revenue from operations: ₹680.21 crore (up from ₹578.45 crore)
Total income: ₹751.69 crore (up from ₹607.43 crore)
EBITDA contributors: Renewable energy generation remained the core driver;
consultancy and project management fees contributed ₹8.21 crore.
Profit before tax: ₹277.10 crore (vs ₹183.44 crore)
Net pro0fit: ₹220.48 crore (vs ₹138.61 crore)
EPS: ₹0.26 (vs ₹0.24)
Standalone Performance
On a standalone basis, revenue rose to ₹560.33 crore from ₹544.37 crore a year ago, with net
profit at ₹165.22 crore versus ₹130.86 crore.
Key Corporate Developments
NTPC Green Energy completed its ₹10,000 crore IPO in November 2024, raising
₹9,946.49 crore after expenses. Of this, ₹6,596.49 crore has been utilised, with
₹3,350 crore temporarily parked in bank deposits.
Interest income on unutilised IPO funds contributed ₹61.42 crore to Q1 other income.
The company has commenced amortisation of leasehold land for its planned Green
Hydrogen Hub in Andhra Pradesh.
No deviation was reported in the use of IPO proceeds, as confirmed by CARE Ratings
(monitoring agency).
Subsidiaries and JVs
The consolidated results include performance from wholly owned subsidiaries such as NTPC
Renewable Energy Ltd and joint ventures with IndianOil, ONGC, and MAHAGENCO in
renewable projects.
Outlook
With strong liquidity from IPO proceeds and expanding renewable capacity, NTPC Green
Energy aims to accelerate growth in solar, wind, and green hydrogen segments in FY26.
On a standalone basis, NTPC recorded:
Revenue from operations: ₹42,572.62 crore
Net profit: ₹4,774.68 crore (up from₹ 4,510.98 crore in Q1 FY25)
EPS: ₹ 4.92 (including regulatory deferral balances)
Operational Updates
Generation segment remained the major contributor, with revenues of ₹45,902.14
crore.
Renewable energy revenue rose to₹ 767.07 crore from₹ 658.59 crore a year earlier.
Energy trading revenues stood at₹ 2,331.44 crore, including exports worth ₹226.34
crore to Nepal and Bangladesh.
Corporate Actions & Compliance
Board approved the unaudited results on July 29, 2025.
No deviation reported in utilisation of proceeds from recent non-convertible debenture
issues worth ₹12,000 crore during the quarter.
NTPC maintained 100%+ security cover on listed secured debt securities and
complied with all covenants.
Other Developments
Progress continues on the transfer of NTPC’s coal mining business to its subsidiary,
NTPC Mining Limited, under the Business Transfer Agreement dated August 17,
2023.
A hydro project discontinued in 2010 remains under claims with the Government of
India for full cost recovery.
The results, reviewed by statutory auditors, will be available on NTPC’s website and the
stock exchanges.
About NTPC
NTPC Limited, a Government of India enterprise, is engaged in the generation of electricity
and allied activities, with a growing focus on renewable energy, trading, and overseas power
projects.
