NTPC Share Price: Brokerage firm Citi has reiterated its ‘Buy’ rating on NTPC with a target price of Rs 485 (39.71% upside potential) after the state-run power major reported a strong set of Q1 FY27 earnings. The brokerage said the company delivered a healthy start to the financial year, driven by profit growth ahead of regulated equity expansion, improved earnings from non-regulated subsidiaries and joint ventures, and resilient performance in its core regulated business. A robust medium-term capacity pipeline across thermal, pumped storage and renewable projects also reinforces its positive outlook.
NTPC on Friday posted a nearly 11.8 per cent rise in its consolidated net profit to Rs 6,721 crore for the April-June quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated net profit was Rs 6,010 crore in the quarter ended on June 30, 2025, an exchange filing stated.
The revenue from operations in the reporting quarter increased 7.8 per cent YoY to Rs 50,741 crore in Q1 FY27 against Rs 47,064 crore in the year-ago period. Total income rose to Rs 51,141.51 crore in the quarter from Rs 47,821.11 crore in the same period a year ago.
EBITDA came in at Rs 16,231 crore in Q1 FY27, up 29 per cent YoY from Rs 12,579 crore posted in Q1 FY26. EBITDA margin was at 32 per cent in Q1 FY27 vs 26.7 per cent in Q1 FY26.
Board approves raising Rs 12,000 cr via NCDs
NTPC said its board has approved a proposal to raise up to Rs 12,000 crore through the issuance of non-convertible debentures (NCDs) in the domestic market, subject to shareholders’ approval.
In an exchange filing, NTPC said the proposed fundraising will be undertaken through the issue of secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative NCDs, in one or more tranches.
The company plans to raise the amount through private placement in the domestic market, with the issuance to be completed in up to 12 tranches or series.
According to the regulatory filing, the fundraising programme will remain valid from the date shareholders approve the special resolution until the completion of one year or the date of the company’s next Annual General Meeting in FY28, whichever is earlier.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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