GREENPOWERNSEOrient Green Power Company Limited· PowerHighNeutral
Announced Thu, 14 Aug · 19:55 IST

Orient Green Power Company Limited has informed the Exchange regarding Board meeting held on August 14, 2025 with the Unaudited standalone and consolidated financial results for the quarter ended June 30, 2025 along with Statement of Deviation/ Variation of funds raised through rights issue for equity shares pursuant to Regulation 32(1) of SEBI LODR for the quarter ended June 30, 2025

Revenue Growth 20pctPat Growth 25pctRevenue DeclinePat NegativeEmphasis Of MatterExceptional ItemResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Orient Green Power reported consolidated revenue from operations of Rs. 8,738 lakhs in Q1 FY26, up ~39.6% YoY from Rs. 6,257 lakhs. Continuing operations profit before tax jumped to Rs. 2,885 lakhs (vs Rs. 540 lakhs YoY), with PAT of Rs. 2,862 lakhs (including discontinued ops) versus Rs. 1,305 lakhs YoY. Standalone results were weak, with revenue falling to Rs. 553 lakhs (from Rs. 693 lakhs) and a net loss of Rs. 277 lakhs due to a Rs. 540 lakh provision on receivables of subsidiary AETPL. The auditor (G.D. Apte & Co.) flagged three emphasis-of-matter items: Rs. 2,071 lakhs CERC-related receivables, TNPDCL petitions challenging captive power plant status of three subsidiaries, and Rs. 1,310 lakhs of unrecognised finance income on preference shares in Beta Wind Farm due to restrictive loan covenants. Of the Rs. 25,000 lakhs rights issue proceeds raised in Sept 2024, Rs. 10,664 lakhs has been utilized and Rs. 14,336 lakhs remains in fixed deposits, with no deviation reported. The company transferred its 20 MW wind power undertaking (BWFL) to a promoter-group entity for Rs. 101 lakhs on a slump sale basis, and pledged subsidiary shares in favour of SVL (promoter) and IREDA. A subsequent event noted Beta Wind Farm received Rs. 931 lakhs from Bank of Baroda following an RBI Ombudsman award, which should boost Q2 FY26 earnings.

Likely market impact

Strong consolidated turnaround with revenue and profit growth is positive for the stock, supported by a Rs. 931 lakh post-period recovery and ongoing solar project expansion. However, the slump sale of a 20 MW wind asset to a promoter-related entity for just Rs. 101 lakhs, subsidiary share pledging to promoters, and emphasis-of-matter flags on receivables and covenants warrant close investor scrutiny.