NTPC Share Price: Profit **8.4%** bhaga! Q3 mein company ne kamaya **₹5,489 Cr**, green energy ka raaz?

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AuthorKavya Nair|Published at:
NTPC Share Price: Profit **8.4%** bhaga! Q3 mein company ne kamaya **₹5,489 Cr**, green energy ka raaz?
Overview

NTPC ke investors ke liye khushkhabri! Q3 FY26 mein company ne **8.4%** ka profit jump dikhaya hai, matlab **₹5,489 crore** kamaye hain. Coal generation thoda kam hua, par green energy mein badi tezi dikh rahi hai.

Achanak profit mein kaise aayi company?

Asal mein, company ka coal plant generation thoda 4.3% neeche gaya tha, jiski wajah se standalone generation kam hua. Lekin, consolidated revenue 2% tak badha hai, jismein installed capacity 12% badhakar 85,637 MW ho gayi hai aur tariffs bhi thode zyada mile hain. Sabse mast baat ye hai ki domestic coal bachane ki wajah se EBITDA margins 31.8% tak pahunch gaye hain, jo pehle se 140 basis points zyada hain. Isi sab ka asar hua profit par, jo 8.4% badhkar ₹5,489 crore ho gaya. Abhi share price ₹358.25 chal raha hai aur market cap lagbhag ₹3,47,674 crore hai. Ye figures dikhate hain ki market ko NTPC ke energy transition plans par bharosa hai.

The Analytical Deep Dive

NTPC ki ye resilience ka secret hai unka diversified revenue strategy. Subsidiaries aur joint ventures se aaye ₹636 crore aur ₹612 crore ke profit ne coal plant utilization kam hone ke impact ko cover kiya. Company ne is FY ke pehle 9 mahino mein ₹33,466 crore ka capital expenditure bhi kiya hai, jismein 14,507 MW ke solar aur wind projects lagbhag ready ho rahe hain. Ye ek clear signal hai ki company ab coal se hatkar renewable energy ki taraf decisively shift ho rahi hai. Agar valuation ki baat karein toh NTPC ka P/E ratio lagbhag 14.38 hai, jo Adani Green Energy jaise high-growth renewable companies se kaafi conservative hai jinka P/E 80+ tak hota hai. Iska matlab NTPC ek stable, utility-focused investment hai jo predictable returns de sakta hai. Pichhle ek saal mein NTPC ne 12.36% ka return diya hai aur 3 saalon mein toh 116.58% ka jabardast return kamaya hai, jo Nifty 50 se kaafi behtar hai. India mein bijli ki demand bhi badh rahi hai (5.6% YoY increase in Jan 2026), jo power sector ke liye ekdum sahi mahol hai. NTPC pumped storage ( 18 GW portfolio) aur nuclear power (Mahi Banswara project) mein bhi entry kar rahi hai, apne energy mix ko aur strong banane ke liye.

The Future Outlook

NTPC ka target hai 2032 tak 149 GW capacity banana, jiske liye lagbhag ₹7 lakh crore ka bada investment plan hai. FY27-28 mein har saal 8,000 MW renewable capacity add karne ka plan hai, aur iska 82-83% already secured hai Power Purchase Agreements (PPAs) ke through, matlab future ki revenue streams secure hain. Analysts ka bhi mannna hai ki stock ₹417.00 tak pahunch sakta hai, jo current price se 16% se zyada ka upside potential dikhata hai. Green energy par focus, strong balance sheet aur government ka implicit support NTPC ko India ki badhti energy demands poori karne aur renewable energy targets achieve karne mein bahut help karega.

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