Orient Green Power Company Limited has informed the Exchange about Transcript
GREENPOWER · price
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Orient Green Power reported its best-ever annual performance in FY26 with total income of INR 316 crores (up 13%), EBITDA of INR 206 crores (up 10%), and PAT of INR 72 crores (up 70%). Q4 FY26 saw lower wind availability causing a loss of INR 16.4 crores, partially offset by solar generation and interest cost savings. The company commissioned 9.9 MW of wind capacity in March-April 2026 and has 17.6 MW of solar under construction for Q1/Q2 commissioning. Management guided that the 17.6 MW solar will generate ~INR 14.5 crores revenue annually and 9.9 MW wind will add ~INR 14 crores in a normal wind year. The company maintains a 1 GW expansion target but acknowledged market volatility has slowed strategic initiatives, with internal resources able to support only ~50 MW additional capacity without external equity. Interest costs declined 21% YoY due to debt reduction and rate cuts.
Strong full-year results with record profits demonstrate operational turnaround, but Q4 weakness from low wind highlights seasonal variability. The lack of clear financing roadmap for the 1 GW target and management's evasiveness on timelines suggests slower-than-expected capacity expansion, which may limit near-term re-rating potential despite undervaluation versus peers.