New Delhi, May 24, 2025 — NTPC Limited, India’s largest power utility, has reported its consolidated financial results for the fourth quarter of FY25, marking the culmination of a four-year period defined by consistent performance, capacity expansion, and a strategic shift toward renewable energy. A comparative look at its key financial indicators from FY22 to FY25 reveals a resilient and adaptive growth trajectory, despite periodic operational pressures.
FY25 Q4 Highlights
In the latest quarter (Q4 FY25), NTPC posted a consolidated net profit of ₹5,778 crore, reflecting a 4% increase year-on-year from ₹5,674 crore in Q4 FY24. Revenue from operations stood at ₹43,903.7 crore, up 3.2% from the previous year. However, EBITDA dropped slightly to ₹11,255 crore from ₹11,340.6 crore, with operating margins narrowing to 25.6% from 26.7%.
The NTPC Board has recommended a final dividend of ₹3.30 per equity share for FY25, pending shareholder approval.
Four-Year Financial Overview
| Fiscal Year | Q4 Net Profit (₹ Cr) | Revenue (₹ Cr) | EBITDA (₹ Cr) | Operating Margin | Final Dividend (₹/share) |
|---|---|---|---|---|---|
| FY22 | 5,167 | 37,085 | 11,426 | 31% | 3.00 |
| FY23 | 4,871.5 | 44,253.17 | — | — | 3.00 |
| FY24 | 6,490.05 | 47,622.06 | 15,601.13 | 22.06% | 3.25 |
| FY25 | 5,778 | 43,903.7 | 11,255 | 25.6% | 3.30 (proposed) |
Despite fluctuations, NTPC has maintained a stable earnings profile and shareholder returns. The company’s profits rose over the years, peaking in FY24 before a moderate dip in FY25. Revenue growth has been relatively steady, supported by increasing power demand and improved operational capacity.
Strategic Shifts and Capacity Growth
Over these four years, NTPC has strengthened its leadership in India’s power sector. In FY22, it added 3,152 MW of new capacity. The company achieved record-high power generation of 399 billion units in FY23 and further increased this to 422 billion units in FY24. FY25 marked continued emphasis on renewable energy integration and capacity expansion, aligned with India’s decarbonization goals.
