Orient Green Power Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025
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Orient Green Power reported consolidated revenue from operations of Rs. 8,738 lakhs for Q1 FY26, up ~40% from Rs. 6,257 lakhs in Q1 FY25. Profit before tax from continuing operations jumped to Rs. 2,885 lakhs (vs. Rs. 540 lakhs), while total profit after tax (including discontinued ops) was Rs. 2,862 lakhs (vs. Rs. 1,305 lakhs). Basic EPS improved to Rs. 0.25 (vs. Rs. 0.12, restated). On a standalone basis, the company swung to a Rs. 277 lakh loss after tax, mainly due to a Rs. 540 lakh provision on receivables of subsidiary AETPL. The auditor flagged three Emphasis of Matter items: Rs. 2,071 lakh REC receivable pending Supreme Court ruling, TNPDCL/TANGEDCO cross-subsidy surcharge petitions, and Rs. 1,310 lakh unrecognised finance income on preference shares of Beta Wind Farm. A subsequent receipt of Rs. 931 lakhs from Bank of Baroda (July 2025) is expected to lift Q2 FY26 earnings. The 20 MW wind business of Bharath Wind Farm was transferred as a discontinued operation. Rights issue funds of Rs. 14,336 lakhs remain parked in fixed deposits pending solar project deployment.
Sharp year-on-year earnings recovery driven by higher wind power generation and lower finance costs; however, standalone remains loss-making and contingent receivables/regulatory risks linger. The Rs. 931 lakh Bank of Baroda refund and improved operational performance could support near-term sentiment, but investors should watch for Supreme Court outcome on REC dues and progress of solar capacity expansion.