Orient Green Power Approves Mergers, Reports Record Net Profit for FY26
Orient Green Power Company Limited reported its FY26 results, achieving record net profit of ₹71.57 crore, up 70% year-on-year. Total income rose 13% to ₹315.57 crore. The company also received Board approval for the merger of its subsidiaries, Bharath Wind Farm Limited and Orient Green Power Europe B.V., to simplify group structure and reduce costs.
The approval of mergers and the achievement of record profits are significant strategic and financial developments that will likely have a substantial impact on the company's future performance and structure.
The company reported record net profits, revenue growth, and received board approval for strategic mergers, all of which are positive indicators.
Orient Green Power Company Limited (OGPL) announced the outcome of its Board Meeting held on May 11, 2026. The company reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. For the full fiscal year 2026, OGPL achieved its highest-ever net profit, driven by a 13% increase in total income and a 70% rise in net profit compared to the previous year. Key financial highlights for FY26 include a consolidated net profit of ₹71.57 crore on a total income of ₹315.57 crore, with an EBITDA of ₹205.45 crore.
The company also reported significant business achievements in FY26, including the commissioning of its first solar power plant in December 2025, expansion of wind capacity by 9.9 MW, and initiation of repowering old wind turbines. Interest costs saw a reduction of approximately 21%, from ₹71.99 crore to ₹57.18 crore, and the company received a refund of ₹16 crore for excess interest charged in prior years. The company's credit rating was upgraded, and interest rates reduced by 45 basis points at a material subsidiary.
Furthermore, the Board granted in-principle approval for two significant mergers: the absorption of its wholly-owned subsidiary, Bharath Wind Farm Limited (BWFL), into OGPL, and the merger of its wholly-owned subsidiary, Orient Green Power Europe B.V. (OGPE), into OGPL. These mergers are subject to shareholder and statutory approvals and are aimed at simplifying the group structure and reducing administrative expenses.
Mr. T Shivaraman, Managing Director & CEO, commented that favourable wind patterns and the commissioning of the solar plant boosted revenues, while a one-off refund of excess interest also contributed to profits. He expressed optimism about future growth driven by ongoing investments in solar and wind capacity, repowering initiatives, and improved financial standing.
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See the model portfoliosA plain-language summary of a public exchange filing by Orient Green Power Company Limited. Read the original for the full detail.