Slides
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Operational & Financial Snapshot (Q2 & H1-FY27)
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PRESENTATION OUTLINE Capacity Addition Q2/H1-FY27 Operational Performance Q2/H1-FY27 Financial Results Q2/H1-FY27 Standalone Financial Results Q2/H1-FY27 Group Key Growth Pointers
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Capacity Addition Q2/H1-FY27
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CAPACITY ADDITION FY27 (As on 30.09.2026) STANDALONE 60,992 60,978 Installed Capacity Installed Capacity As on 30.09.26 GROUP As on 30.06.25 60,796 As on 31.03.26 * after Considering decommissioning of Tanda Stage 1 (440 MW) 60,992 As on 30.06.26 60,705 As on 30.09.25 91,506 82,646 As on 30.09.26 As on 30.06.25 89,108 As on 31.03.26 90,904 As on 30.06.26 83,893 As on 30.09.25 59,413 As on 31.03.25 79,930 As on 31.03.25 - 196 196 Cap Add Qtr. Cap Add H1. Cap Add Qtr. Cap Add H1. (273)* 1,565 1,292 602 # 1,796 2,398 1,247* 2,716 3,963 # 204 MW declared under commercial operation in Oct 26
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INCREASE IN INSTALLED CAPACITY (MW) – FY27 (30.09.2026) 820 1578 NTPC NGEL PVUNL THDC & Others Total Thermal Capacity Renewable Capacity Tehri PSP 250 Hydro (PSP) 250 Dadri II 20 PVUNL 800 Thermal 820 Capacity Added MW NREL-Solar 300 NREL-Wind 191 Ayana-Solar 100 THDC-Solar 11 RE Total 602 196 2,398 1,136 800 266* * Renewable capacity include Tehri PSP Q1-FY27 Q2-FY27 Capacity Added MW NTPC-RE 176 NSPCL-RE 5 NREL-Solar 195 Ayana-Solar 350 RE Total 726
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Operational Performance Q2 /H1 FY27
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OPERATIONAL PERFORMANCE Q2 FY27 & H1 FY27 FY 27 Comml. Generation (BU) ESO(BU) PAF- Coal (%) PLF-Coal (%) H1 174.228 FY 26 NTPC PLF vs Rest of India NTPC STANDALONE 1.80 1.86 2.88 2.86 H1 FY27 H1 FY26 Fixed Charges Variable Charges Others Average Tariff (₹/kWh) 75.11 70.5268.35 63.81 H1 FY 27 H1 FY 26 NTPC Rest of India FY 352.529 327.448 90.12 72.04 Q2 Q1 93.636 86.945 93.98 76.71 Q1 91.069 84.591 93.48 75.16 161.688 92.413 85.799 86.66 73.53 Q2 83.159 77.097 84.39 66.01 88.87 70.52 H1 186.049 172.744 90.30 75.11
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PLF & PAF DATA (IN %)- STANDALONE Plant Load Factor (PLF) Q2 FY27 Q2 FY26 Change (Q2 FY27-vs- Q2 FY26) Q1 FY27 Change (Q2 FY27-vs- Q1 FY27) H1 FY27 H1 FY26 Change (H1 FY27-vs-H1 FY26) COAL 73.53 66.01 7.52 76.71 (3.18) 75.11 70.52 4.59 GAS 11.99 6.81 5.18 5.29 6.70 8.66 8.93 (0.27) SOLAR 24.77 22.84 1.93 31.06 (6.29) 27.78 24.59 3.19 HYDRO 95.28 104.60 (9.32) 30.92 64.36 63.27 82.17 (18.90) 90.30 88.87 86.66 84.39 93.98 HY 1 FY27 H1 FY 26 Q2 FY27 Q2 FY26 Q1 FY27 Plant Availability Factor (in %) - Coal 92.55 91.37 93.76 93.40 91.24 HY 1 FY27 H1 FY 26 Q2 FY27 Q2 FY26 Q1 FY27 Plant Availability Factor (in %) - Gas 106.57 106.67 109.80 109.45 103.30 HY 1 FY27 H1 FY 26 Q2 FY27 Q2 FY26 Q1 FY27 Plant Availability Factor (in %) -Hydro
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FUEL (IN MMT) Dispatch from Captive mines increased by 21% year-on-year basis. 0.22 0.61 0.83 0.15 0.35 0.50 Group NTPC Total BIOMASS Consumption HY 1 FY27 H1 FY 26 During H1 FY27, Biomass Consumption for Group thermal projects increased by 65% year-on-year Standalone 19.86% of Total Coal requirement met from Captive coal mines in H1 FY27 22.88 19.6 92.32 95.3 HY 1 FY27 H1 FY 26 Coal Supply others Coal Supply from Captive mine 115.2 114.9 24.29 20.38 26.13 21.63 H1 FY27 H1 FY26 Coal Production and Dispatch from Group Captive Coal Mines Under Commercial Operation Coal Dispatch Coal Production
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Financial Results Q2/H1- FY 27 Standalone
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FINANCIAL RESULTS Q2/H1- FY 27 (₹ Crore) Revenue-Operations 43,832 42,573 EBITDA PAT Adjusted PAT NTPC STANDALONE 11,044 4,775 4,413 1,65,494 49,030 23,162 19,530 Q1 13,309 5,342 5,128 Q1 FY FY 26 H1 45,752 Q2 11,980 5,320 5,341 89,584 25,290 10,662 10,469 FY 27 H1 39,167 Q2 11,542 4,653 4,519 81,736 22,586 9,428 8,932
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FINANCIAL RESULTS Q2/H1- FY 27 (₹ Crore) NTPC STANDALONE Q1 Q1 FY FY 26 H1 131 Q2 (187) 30 (315) 375 (333) 50 (552) FY 27 H1 91 Q2 (488) 59 (235) 346 (625) 112 (490) Incentive Disincentive Surcharge Rebate 244 (146) 20 (237) 255 (137) 54 (255) 658 (466) 395 (1,038)
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Financial Results Q2 & H1 FY27 Group
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PROFIT BRIDGE - STANDALONE TO CONSOLIDATED (₹ CRORE) 10,662 9,428 5,320 4,653 5,342 23,162 3,194 1,805 1,990 1,149 1,204 3,312 1,253 1,059 625 582 628 2,864 (494) (470) (457) (433) (37) (826) (402) (801) (201) (726) (201) (1,438) 55 313 20 - 35 505 (21) - 54 - (75) (33) 14,247 11,334 7,351 5,225 6,896 27,546 FY26 Q2 FY27 Q1 FY27 Standalone Profit Profit from Subsidiaries Consolidated Profit Share of Profit from JVs Dividend- Subsidiaries Dividend- JVs Impairment provision Other Adjustment H1 FY26 H1 FY27 Q2 FY26
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PROFIT OF SUBSIDIARIES (₹ CRORE) THDC India Ltd. 969 598 Capacity addition of Khurja 660 MW (Unit 2) and TEHRI PSP 750 MW (Unit 2,3 & 4). NTPC Green Energy Ltd. 372 273 Capacity addition of 3651 MW in NGEL Group Bhartiya Rail Bijlee Company Ltd. 331 212 Reduction in Finance cost due to refinancing of loans & migration to New Tax Regime. NTPC Vidyut Vyapar Nigam Ltd. 121 116 - North-Eastern Electric Power Corporation Ltd. 488 485 - Ratnagiri Gas & Power Private Ltd. 390 120 Increase in generation during Q2 FY27. Patratu Vidyut Urja Nigam Limited 235 - Capacity addition of 1600 MW NTPC Mining Ltd 285 1 Transfer of coal mines from NTPC to NML Others 3 Total 3,194 1,805 Reasons for VariationH1 FY26 H1 FY27
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Hindustan Urvarak and Rasayan Ltd. 533 331 Favorable forex fluctuations, higher Capacity Utilization and reduction in finance cost due to refinancing of loans NTPC Tamil Nadu Energy Company Ltd. 90 85 - Bangladesh-India Friendship Power Co. Pvt. Ltd. 166 244 Increase in interest cost due to higher working capital loans & lower plant availability NTPC-SAIL Power Company Ltd. 109 109 Aravali Power Company Private Ltd. 160 174 Jhabua Power Ltd. 46 71 Unit under overhauling in Q2 FY27 Energy Efficiency Services Ltd. (50) (143) Increase in profit from the JV companies of EESL Meja Urja Nigam Private Ltd. 245 148 Increase in tariff due to CERC order for FGD and CERC 2nd Amendment regulations Sinnar Thermal Power ltd (119) Acquired under CIRP in Feb 26. Units under revival Others 73 40 ONGPL (JV of NGEL) capacity addition during the period NTPC Share in Profit from JV 1,253 1,059 Reasons for Variation SHARE OF PROFIT OF JOINT VENTURES (₹ CRORE) H1 FY26 H1 FY27
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Regulated Equity 92,926* 94,454 1,21,786 1,16,022 Gross Fixed Assets 3,31,370 3,31,381 4,85,444 4,37,142 CWIP 55,807 45,737 91,394 88,605 Investments in Subsidiaries & JVs 40,197 35,594 24,691 19,503 Long-term debt (incl. current maturity) 1,57,893 1,68,450 2,39,375 2,31,025 Short-term debt 31,734 17,616 36,259 21,172 Total Equity 1,82,037 1,67,859 2,21,847 1,99,507 Non-controlling interest in Total Equity 8,376 7,472 Debt Equity Ratio 1.04 1.11 1.29 1.31 Book Value per Share (₹/Share) 187.73 173.11 220.15 198.04 OTHER KEY FINANCIAL INFORMATION (₹ CRORE, UNLESS STATED OTHERWISE) Standalone Consolidated H1 FY26 H1 FY27 H1 FY26 H1 FY27 * Transfer of Coal Mines from NTPC to wholly owned Subsidiary NTPC Mining Ltd
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Key Growth Pointers
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ROE EXPANSION WITH BALANCED PAYOUTS Balancing payouts with Growth (₹ Crore) Committed to deliver sustainable value to shareholders Balancing payout with deployment for growth plans First Interim Dividend of ₹ 3.00/Share declared for the FY 2026-27. 35,719 35,204 35,385 44,636 49,068 FY22 FY23 FY24 FY25 FY26 Amount in ₹ Crore (on Consolidated basis) 3,08,125 3,38,436 3,73,696 4,04,210 4,70,618 FY22 FY23 FY24 FY25 FY26 Growing Group Capex* CAGR 11.17% Growing Gross Fixed Assets Gross Group Fixed Assets 30.09.2026 - ₹ 4,85,444 Crore 30.09.2025 - ₹ 4,37,142 Crore Group Capex* incurred during H1 FY27 - ₹23,932 Crore H1 FY26 - ₹23,115 Crore 6788 7030 7515 8097 8727 9494 10167 10564 11553 14435 FY22 FY23 FY24 FY25 FY26 Dividend Retained Earnings 16,282 17,197 18,079 19,650 23,162 * On cash basis
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CAPACITY UNDER CONSTRUCTION (IN MW) (AS ON 30 Sep 2026) Coal Project Capacity Talcher Thermal 1,320 Singrauli 1,600 Lara-II 1,600 Darlipalli 800 Sipat 800 Nabinagar 2,400 Gadarwara 1,600 Telangana 2,400 Lara III (LNTP) 1,600 NTPC Standalone 14,120 Patratu, PVUNL (Subs.-74%) 800 Meja II 2,400 NTPC Group Coal Total 17,320 Hydro Project Capacity Tapovan Vishnugad 520 Rammam 120 Lata Tapovan 171 NTPC Standalone 811 THDC Hydro (Subsidiary) 1,644 NEEPCO Hydro (Subsidiary) 1,126 NTPC Group 3,581 Renewable Projects Capacity NTPC Standalone - Solar 66 NEEPCO – Solar 300 NGEL Group NREL - Solar (Subs.-100%) 8,169 NREL - Wind (Subs.-100%) 4,781 GVREL - Solar (Subs.-51%) 310 INGEL - Solar (JV-50%) 800 INGEL - Wind (JV-50%) 871 ONGPL - Solar (JV-50%) 100 ONGPL - Wind (JV-50%) 601 NGEL Group – Solar 9,379 NGEL Group - Wind 6,253 NGEL Group Total 15,632 NTPC Group RE Total 15,998 Grand Total Capacity Coal 17,320 Hydro 3,581 Renewables 15,998 NTPC Group Total 36,899
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NEW FRONTIERS Nuclear Mahi Banswara Atomic Power Project (MBRAPP) under ASHVINI (JV Company with NPCIL) of 2,800 MW capacity (4 units of 700 MW each). NIT issued in July 2026 for Nuclear Island Mega EPC Package. Excavation work in progress. NTPC Parmanu Urja Nigam Limited (NPUNL) – Wholly owned Subsidiary Identified 30 potential sites in multiple states. Site selection studies have been completed at 4 Locations. Studies are at an advanced stage at 6 other Locations Pumped Storage Project (PSP) NTPC Group is strategically positioned with 16 GW pumped storage portfolio. Out of above 1 GW Tehri PSP (THDC) under commercial operation. Detailed Project Reports for other projects in progress for 15 GW. BESS Work under progress for 5 GWh Battery Energy Storage System (BESS) capacity, allocated to NTPC under the Viability Gap Funding (VGF) scheme of the Power System Development Fund (PSDF). The allocated capacity is planned across 15 NTPC thermal power stations and 1(Group company) based on the availability of Unrequisitioned Surplus (URS) power. Commissioning is expected to commence from June 27 onwards. NGEL Group is executing 1620 MWh BESS projects and additional 40 GWh projects under tendering/planning.
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