Orient Green Power Reports Rs 106 Crore H1 FY27 Net Profit, EBITDA Margin at 76%

Orient Green Power Company Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company reported a consolidated total income of Rs 147 crore in Q2 FY27, registering an 8 per cent year-on-year growth compared to the corresponding quarter of the previous financial year.

EBITDA increased 12 per cent year-on-year to Rs 117 crore, while the EBITDA margin improved by 251 basis points to 80 per cent. For H1 FY27, total income stood at Rs 233 crore, up 2 per cent year-on-year, while EBITDA increased 4 per cent to Rs 177 crore. The EBITDA margin improved by 147 basis points to 76 per cent.

The company reported a net profit of over Rs 100 crore during H1 FY27, without the benefit of the Rs 16 crore one-time exceptional gain recorded in the corresponding period last year. However, net profit was lower compared to the previous year due to the exceptional income recognised in the first half of FY26. Capacity additions and improved credit ratings supported the company's performance during the current period.

Improved wind conditions during the quarter, coupled with incremental generation from recently commissioned capacities, offset the generation deficit witnessed in the previous quarter, resulting in a marginal surplus. Consequently, revenue and EBITDA for the first half of FY27 registered year-on-year growth of 2 per cent and 4 per cent, respectively.

On the expansion front, Orient Green Power successfully commissioned a 17.6 MW Solar plant during Q2 FY27. Along with the 7 MW solar plant commissioned in the previous financial year, the company has achieved one of the objectives of its rights issue. Its total solar capacity now stands at 24.6 MW.

The company is also approaching the final phase of its repowering capital expenditure project, involving the replacement of 7.8 MW of old wind turbines to improve operational efficiency. The project is expected to be commissioned in the upcoming quarter, subject to regulatory approvals. Additionally, the company has entered into an EPC contract to expand its wind power capacity by 6.6 MW. These capacity additions are expected to be available in their entirety for the next wind season and contribute to performance in the coming years.

On the credit rating front, the credit rating of the company's material subsidiary was upgraded to BBB by CRISIL, while its solar subsidiary received a BBB rating from ICRA.

Commenting on the performance, T Shivaraman, Managing Director and CEO of Orient Green Power, said that wind availability improved during the current quarter compared to the moderate wind conditions in the previous quarter. Incremental generation from recently commissioned solar and wind capacities helped reverse the generation deficit recorded earlier and resulted in surplus generation. This supported a marginal improvement in operational profits during the first half of FY27.

He further highlighted the commissioning of the 17.6 MW solar capacity, taking the company's total solar capacity to 24.6 MW, including the 7 MW plant commissioned last year. He added that the 7.8 MW wind turbine repowering project is nearing completion and is expected to be commissioned in the upcoming quarter, subject to regulatory approvals. The company has also contracted an additional 6.6 MW of wind capacity, with the new capacities expected to support generation during the next wind season and benefit the business over the coming years.

Orient Green Power Company Limited, headquartered in Chennai and promoted by SVL Limited, is one of India's independent renewable power producers. The company currently operates approximately 381.7 MW of wind power capacity across Tamil Nadu, Andhra Pradesh, Gujarat and Karnataka. It also operates a 10.5 MW wind farm in Croatia, Europe, and a 24.6 MW solar power plant in Tamil Nadu.

The company is among India's leading independent wind farm operators and developers by aggregate installed capacity. Its expertise includes identifying suitable project locations, deploying advanced wind turbine designs and improving generation efficiency. Its projects are strategically located in regions with strong wind energy potential and supportive renewable energy policies. By leveraging its operational experience and technical capabilities, the company continues to contribute to India's renewable energy transition.

For FY26, the company reported consolidated total income of Rs 315.57 crore, EBITDA of Rs 205.45 crore and net profit of Rs 71.57 crore.

The company disclosed these financial results through a press release dated November 12, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Its shares are listed on the BSE under scrip code 533263 and on the NSE under the symbol GREENPOWER.

Disclaimer: The article is for informational purposes only and not investment advice.