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NTPC Q2 Review — Weak Power Demand Weighs On Performance Says Motilal Oswal Maintaining 'Neutral' Stance

NTPC's gross power generation fell 6% YoY to 83 billion units Q2.

<div class="paragraphs"><p>NTPC declared an interim dividend of Rs 2.75/share for FY26. &nbsp;(Photo Source:&nbsp;NTPC Website)</p></div>
NTPC declared an interim dividend of Rs 2.75/share for FY26.  (Photo Source: NTPC Website)
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.
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