NTPC Group’s total installed capacity now stands at 83.9GW (Standalone: 60.7GW). The company's gross power generation fell 6% YoY to 83Bus in Q2. NTPC group added a capacity of 4,403MW in H1 FY26. Of this, 1,732MW was added on a standalone basis, 1,506MW through NTPC Green Energy and its JVs and balance 1,165MW through other JVs and subsidiaries. An additional 956 MW was commissioned in Oct-25.
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
NTPC Ltd.'s adjusted net profit in Q2 FY26 was 4% above our estimate, mainly supported by higher-than estimated other income. Ebitda missed our estimate as weak power demand led to soft generation trends. Management highlighted its vision to take group capacity to 244GW by 2037.
Medium-term capacity addition targets were guided at 9.8/9.6/10.5 GW in FY26/27/28.
We maintain a cautious view on execution, especially at NTPC Green Energy.
Further, we believe valuations for NTPC Green Energy (15% of our SOTP) have little room for rerating and may continue to face pressure.
We reiterate our Neutral stance on NTPC with a target price of Rs 372.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
RECOMMENDED FOR YOU
Stock Picks Today: Swiggy, Lodha, ITC, Dabur, NTPC On Brokerage Radar
Stocks To Watch Today: Tata Consultancy Services, NTPC Green Energy, Tata Elxsi, Lemon Tree
IT Sector Q2 Result Preview— From Revenue To Margin Outook, How will TCS To Infosys And Other IT Firms Perform
IT Q2 Results Preview — Muted Growth Ahead For Tier-1 Firms; How Will TCS, Infosys & Other Large Caps Perform
POPULAR