Orient Green Power Reports Record Net Profit For FY26

13 May 2026 CW Team

Orient Green Power Company has filed a corrigendum under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 and has reported consolidated results for the year ended March 31, 2026. The company said the filing corrects an earlier intimation made to the stock exchanges and provides audited standalone and consolidated financial results. The submission was sent to both the National Stock Exchange and the BSE.

On a consolidated basis, the company reported total income of Rs 3,155.7 million, earnings before interest, tax, depreciation and amortisation of Rs 2,054.5 mn and net profit of Rs 715.7 million for FY26. For clarity, million (mn) is used to present amounts converted from crore. The company noted a year-on-year increase in total income of 13 per cent and an increase in net profit of 70 per cent.

Operationally, the group commissioned its first seven megawatt (MW) solar plant in December 2025 and has contracted to add a further 17.6 MW of solar capacity. Wind capacity was expanded by 9.9 MW through three turbines, each rated 3.3 MW and repowering of about 7.8 MW of older turbines was initiated under the Tamil Nadu policy. The company continues to operate around 381.7 MW of wind power capacity in India and a 10.5 MW wind farm in Croatia.

The managing director and chief executive officer said that favourable wind patterns during the first half supported generation and revenue and that the one-off refund of excess interest received in earlier periods had aided profitability. Interest cost fell from Rs 719.9 mn to Rs 571.8 mn, a reduction of about 21 per cent, and the company received a refund of about Rs 160 mn relating to excess interest charged in prior periods. Management indicated that a credit rating upgrade and a 45 basis points reduction in borrowing costs at a material subsidiary, together with completed component upgrades, are expected to support growth and returns in forthcoming years.

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