NTPC earnings calls.

NTPC reported 18% YoY PAT growthCurrent reported value: 18% YoY PAT growth. No comparable prior figure is available in the source record. to ₹23,162 crore in FY26 on standalone basis, driven by 51.4% PAT surge in Q4Current reported value: 51.4% PAT surge in Q4. No comparable prior figure is available in the source record. to ₹8,747 crore. Revenue declined 2.69% YoYCurrent reported value: 2.69% YoY. No comparable prior figure is available in the source record. to ₹1,69,725 crore due to lower thermal generation amid renewable curtailment during solar hours. The company achieved its highest-ever annual capacity addition of 9,618 MWCurrent 9,618 MW. Reported change: Highest ever. in FY26, crossing the 90 GW mark, with NTPC contributing 1,823 MW and JVs/subsidiaries 7,795 MW. NGEL's renewable generation surged 114% YoYCurrent reported value: 114% YoY. No comparable prior figure is available in the source record. to 14.6 BUCurrent 14.6 BU. Reported change: +114% YoY.. Management guided 8 GW annual renewable capacity additionsCurrent reported value: 8 GW annual renewable capacity additions. No comparable prior figure is available in the source record. for FY27 and FY28, targeting 60 GW by 2032, supported by ₹3 lakh crore capex allocation. Thermal fleet PLF of 72.04%Current 72.04%. Reported change: +890bps vs industry. outperformed industry average of 63.20%, though backing down during solar peaks remains a concern. Key risks include transmission connectivity shortfallsCurrent reported value: transmission connectivity shortfalls. No comparable prior figure is available in the source record. (only 57% secured for FY27), renewable curtailment impact of ~₹90 crore, and execution challenges on nuclear projects with first unit targeted for 2032.