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Informist, Wednesday, Jul. 22, 2026

 

--NTPC Green Q1 consol net profit INR 3.05 bln vs INR 2.20 bln yr ago

--NTPC Green Apr-Jun consol revenue INR 11.07 bln vs INR 6.80 bln year ago

--NTPC Green Apr-Jun consol operating margin 62.32% vs 69.05% year ago

 

By Sunil Raghu

 

AHMEDABAD--NTPC Green Energy Ltd. reported an on-year jump in consolidated net profit and revenue for the June quarter, trending more towards the higher end of the band expected by the Street. The brokerages tracking the company had expected capacity additions and strong seasonal demand to be the reason for this earnings growth.

 

NTPC Green, an arm of NTPC Ltd., reported an over 38% jump in its consolidated net profit for the June quarter to INR 3.05 billion, up from INR 2.20 billion in June quarter a year ago. The company has recorded this rise in profit after witnessing a fall in previous two quarters. This was higher than the lowest analyst estimate of INR 1.99 billion by Elara Securities (India) Ltd. and more towards the highest estimate of INR 3.14 billion by Centrum Broking Ltd.

 

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 in November 2024. Its revenue in the June quarter surged by nearly 63% on year to INR 11.07 billion. The Street had expected the renewable energy company's consolidated revenues to be between INR 9.67 billion and INR 11.94 billion for the quarter. The revenue from operations for quarter ended Jun. 30 includes INR 101.7 million earned from consultancy, project management and supervision fee, the company's earnings filing with stock exchanges shows.  

 

On a sequential basis, the company's net profit was up nearly 55% and revenue rose by nearly 22%. The company's consolidated operating margin was down to 62.32% from 69.05% in the year-ago quarter.

 

NTPC Green Energy is an umbrella company for the renewable power business initiatives of state-owned thermal power company NTPC Ltd. It undertakes projects along organic and inorganic routes and aims to achieve 60 gigawatts of power production by the financial year 2031-32 (Apr-Mar).

 

The company saw its costs surge nearly 59% on year to INR 78.24 billion. The depreciation and amortisation expenses shot up by nearly 54% on year to INR 3.43 billion, and finance costs increased nearly 67% on year to INR 3.22 billion. Employee benefit expenses escalated by around 87% on year to around INR 232 million. The tax expense of the company, too, rose over 12% on year to INR 635 million.

 

NTPC Green's board approved the incorporation of a wholly-owned subsidiary, or a special purpose vehicle to develop renewable energy projects and subsequent dilution of stake for captive, or group captive structuring, of commercial and industrial sector customers, the company said in the filing.

 

The company's board also accorded an in-principle approval for an investment of INR 2.78 million in AP NGEL Harit Amrit Ltd., a 50:50 joint venture between NTPC Green Energy and New and Renewable Energy Development Corp. of Andhra Pradesh Ltd.

 

The shares of NTPC Green closed 1.3% down at INR 91.30 per share on the National Stock Exchange. The company declared its financial results after market hours.  End

 

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

 

Edited by Deepshikha Bhardwaj

 

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