Transcript of Investors/Analysts call held on May 13, 2026

Orient Green Power reported FY26 as a breakthrough year with the highest profits in company history—PAT grew 70% to INR 72 crores, driven by favorable wind patterns in H1, excess interest refunds, and 21% reduction in interest costs. Q4 FY26 saw a loss of INR 16.4 crores due to lower-than-normal wind availability, though new capacity (9.9 MW wind and 7 MW solar) will be fully available from FY27. The company is constructing 17.6 MW of solar capacity (commissioning in Q1 FY27) and repowering 7.8 MW of older wind turbines under Tamil Nadu's new policy. Management reiterated its 1 GW renewable energy target but acknowledged internal resources can only support ~50 MW additional expansion without external equity. The CEO admitted the company is undervalued compared to peers but declined to provide specific timelines or financing plans for the 1 GW target, citing market volatility.