Orient Green Power Company Limited has informed the Exchange about Transcript
GREENPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Orient Green Power reported a strong Q1 FY26, with total income of Rs. 93.17 crores (up 38.6% year-on-year) and EBITDA of Rs. 65.92 crores (up 46.4%), pushing EBITDA margin to 70.75% (an expansion of 378 basis points). Net profit before discontinued operations jumped 446% year-on-year to Rs. 28.85 crores, helped by a 15% drop in finance costs and a target to bring average interest rate from 9.25% to 8.75%. The performance was driven by completion of turbine component upgrades (adding ~1 crore units of generation) and an early, strong wind season (adding ~2 crore units). The company is building a 7 MW solar project (commissioning targeted for November–December 2025) and is finalising an 18 MW solar project, with combined customer offtake already signed. Management reiterated a 1 GW portfolio target over the next couple of years, supported by a ~Rs. 100 crore debt repayment plan for FY26 against total debt of ~Rs. 550 crores, plus repowering of old wind assets and active inorganic acquisition discussions in both wind and solar across multiple states.
The sharp improvement in margins, profits and cash generation signals operational turnaround, though the wind-favourable base effect may fade in coming quarters. Investors should watch execution of the 25 MW solar pipeline, progress on the 1 GW expansion plan, and the ongoing Rs. 40 crore bank overcharge claim with the banking ombudsman, while noting management declined to provide revenue or capex guidance.