NTPC Share Price Down 2% After Q2 Profit Decline, 27% Dividend Announced! Should You Buy Or Sell? Target Price

NTPC Share Price Today: The National Thermal Power Corporation Limited shares were trading under pressure on Friday, a day after the Maharatna PSU announced Q2 result for financial year 2025-26. NTPC had also announced its first dividend for the financial year 2025-26 on Thursday.

NTPC shares were trading 1.85% lower at Rs 338.7 per share on BSE with a market capitalisation of Rs 3,28,426.08 crore on BSE at 11:15 am. The Maharatna PSU stock had touched an intraday high mark of Rs 345.45 per share and an intraday low mark of Rs 335.75 apiece.

NTPC Q2 Result Review

NTPC's net consolidated profit for the September quarter stood at Rs 5066.78 crore, against Rs 5274.59 crore reported in the year ago period. Despite some decline in net profit, NTPC's PAT (profit after tax) was 4% above Motilal Oswal's estimate. The above estimate PAT was driven by upbeat other income. The brokerage, however, pointed out that the company's EBITDA missed the estimate as weak power demand led to soft generation trends.

The company has planned to expand its capacity to 244GW by 2037. Medium-term capacity addition targets were set at 9.8/9.6/10.5 GW in FY26/27/28.

NTPC Share Price Target

Motilal Oswal has maintained a neutral stance on NTPC share price with a target price of Rs 372 per share.

"We maintain a cautious view on execution, especially at NGEL. Further, we believe valuations for NGEL (15% of our SOTP) have little room for rerating and may continue to face pressure. We reiterate our Neutral stance on NTPC with a TP of INR372." Whereas, Antique Brokerage maintained a 'Buy' rating for NTPC stock with a target price of Rs 394 per share.

NTPC Q2 Result Recap

NTPC's net consolidated profit (attributable to shareholders of the company) stood at Rs 5066.78 crore in the September quarter of financial year 2025-26, against Rs 5274.59 crore during the same period a year ago. NTPC's total income was Rs 45,262.10 crore against Rs 45,197.77 crore a year ago.

NTPC Dividend

The company announced a 27% dividend for the financial year 2025-26. "Board of Directors in its aforesaid meeting decided, inter alia, to pay the first interim dividend at the rate of 27.5% (Rs. 2.75 per share) on the face value of paid-up equity shares of Rs. IO/- each for the financial year 2025-26. The date of payment/dispatch of dividend shall be 25 November 2025. The company is yet to fix the dividend record date to determine the eligibility of shareholders.

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