NTPC Limited Q1 FY27 Results and NCD Redemption August 21

NTPC Limited

confirmed the redemption of Rs 800 crore of non-convertible debentures on August 21, 2026, with Rs 59.97 crore in interest paid on the same date. The redemption was full — all 8,000 NCDs that had matured were redeemed, with the outstanding amount now nil for that series. The corporate action coincided with a session in which NTPC added 0.6 per cent on August 21 as defensive utilities attracted buying even as the broader Sensex closed virtually flat and crude remained above $93 per barrel. Q1 FY27 results, reported earlier in August: - *Revenue: Rs 507.4 billion* (Rs 50,740 crore), up 7.8 per cent year on year - *Net income: Rs 67.2 billion* (Rs 6,720 crore), up 12 per cent year on year - EPS: Rs 6.93, up from Rs 6.20 in Q1 FY26 - Profit margin: 13 per cent, in line with the same quarter last year - EPS surpassed analyst estimates by 6.6 per cent; revenue was in line with estimates The company had also appointed Dr. Som Nath Sachdeva as an Additional Director (Independent Director) on the board for a period of three years with effect from July 18, 2026. Axis Direct maintained a Buy rating on NTPC post Q1 FY27 results with a target price of Rs 420. Revenue is forecast to grow 3.4 per cent per annum on average over the next three years. A cash dividend of Rs 3.50 per share has been declared with an ex-date of September 1, 2026. NTPC is targeting 136 GW of renewable energy capacity by FY37. Morgan Stanley projects $5.5 trillion in energy capital expenditure across Asia through 2030, naming NTPC among the primary Indian beneficiaries alongside Adani Power, BHEL, Tata Power and JSW Energy.