More Stories

Informist, Friday, May 22, 2026

 

Please click here to read all liners published on this story

--NTPC Green Jan-Mar consol net profit INR 1.97 bln vs INR 2.33 bln yr ago 
--NTPC Green Jan-Mar consol revenue INR 9.13 bln vs INR 6.22 bln year ago 
--NTPC Green to raise up to INR 50 bln in FY27 via debt 
--NTPC Green, CtrlS Datacenters form JV to develop renewable energy projects 
--NTPC Green FY26 consol PAT INR 5.23 bln vs INR 4.75 bln year ago 
--NTPC Green FY26 consol revenue INR 28.58 bln vs INR 22.10 bln year ago 
 

 

By Avishek Rakshit

 

KOLKATA – A drastic fall in its interest income for the March quarter and a surge in finance costs and high depreciation led NTPC Green Energy Ltd. to report a sharp decline in its consolidated net profit for the March quarter, even as revenue from operations improved. 

 

NTPC Green, an arm of NTPC Ltd., reported an over 15?cline in its consolidated net profit for the March quarter to INR 1.97 billion. This is the second time the company has reported a fall in its profits since its listing in November 2024. India's focus on renewable energy generation led the company to post its highest-ever quarterly year-on-year growth in its net revenue since listing. Revenue in the March quarter surged by nearly 47% on year to INR 9.13 billion. 

 

However, other income, which largely comprises bank interest on funds raised during its initial public offering, fell by around 77% on year to INR 299 million. This loss of interest income, together with a rise in costs, led to a decline in profit in the March quarter. 

 

NTPC Green said it had fully utilised the INR 100 billion in proceeds from its IPO by the September quarter of the last financial year. The company didn't receive any interest related to IPO proceeds in the latest quarter, hence the fall in interest income.

 

While the company suffered from a loss of interest income in the March quarter, its costs surged. Depreciation and amortisation expenses shot up by over 54% on year to INR 3.18 billion, and finance costs increased nearly 46% on year to INR 2.57 billion. Employee benefit expenses escalated by around 99% on-year to around INR 292 million. 

 

Effectively, the 25% on year increase in total income and could not keep pace with the total expense surge of over 60% on year to INR 7.13 billion in the March quarter and hit the company's profit growth. 

 

However, the financial performance in the previous quarters of the last financial year led the company to post nearly 10% growth in its consolidated net profit in 2025-26 (Apr-Mar) to INR 5.23 billion. Revenue from operations during the year increased by over 29% on year to INR 28.58 billion. However, the fall in interest income led the company's total income for the year ended March to decline by over 23% on-year to INR 30.35 billion. 

 

During the year ended March, NTPC Green issued unsecured, non-cumulative, redeemable, non-convertible debentures worth INR 15 billion through private placement to finance capital expenditure, including refinancing and recoupment of capital expenditure already incurred by the company. It also extended such financing for capital expenditures to its subsidiaries and joint ventures through inter-corporate loans, as well as for other general corporate purposes. 

 

NTPC Green is set to further raise a maximum amount of INR 50 billion in the current financial year through issuing non-cumulative debentures in one or more tranches. 

 

The company's board also approved the incorporation of a joint venture with CtrlS Datacenters Ltd. to develop renewable energy projects. 

 

Shares of NTPC Green closed 0.9% down at INR 104.39 on the National Stock Exchange. The company declared its financial results after trading hours. End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.