Orient Green Power FY26 PAT at ₹72 Cr, Highest Ever; Plans 17.6 MW Solar & Repowering
Orient Green Power reported its highest ever PAT of ₹72 crore in FY26, a 70% jump. Total income was ₹316 crore. The company commissioned 9.9 MW wind and 7 MW solar capacity in FY26. It plans to add 17.6 MW solar and repower existing wind assets. Future expansion to 1 GW is under consideration.
The announcement details strong financial performance with record profits, significant capacity additions, and strategic initiatives like repowering, which are material to the company's future growth and investor value.
The company achieved its highest ever profits in FY26, with significant growth in PAT and total income. Expansion plans and initiation of repowering projects indicate a positive outlook.
Orient Green Power Company Limited announced its financial results for the fourth quarter and full fiscal year 2026. The company reported its highest-ever net profits in FY26, driven by favorable wind patterns in the first half of the year and a refund of excess interest charged in earlier periods.
For the full fiscal year 2026, total income stood at ₹316 crore and EBITDA was ₹206 crore, marking a 13% and 10% improvement over FY25, respectively. Profit After Tax (PAT) grew by a significant 70% to ₹72 crore. This strong performance was also supported by a 21% reduction in interest costs, attributed to a decline in overall debt and a 45 basis point reduction in the interest rate on its largest loan.
In Q4 FY26, however, total income and EBITDA were marginally lower at ₹46 crore and ₹18 crore, respectively, compared to the same period last year, primarily due to lower wind availability. The company incurred a loss before exceptional items and tax of approximately ₹16.4 crore during the quarter, against a loss of ₹14.7 crore in the previous year's comparative period.
Operationally, the company commissioned 9.9 megawatts (MW) of wind capacity in FY26 (6.6 MW in March '26 and 3.3 MW in April '26) and also commissioned its first solar power plant of 7 MW in December '25. It is currently constructing an additional 17.6 MW of solar capacity, expected to be commissioned in Q1 FY27 and reach full production in Q2 FY27. Furthermore, Orient Green Power has initiated the process of repowering 7.8 MW of its older wind turbines under the new Tamil Nadu policy and is evaluating other older assets for similar repowering opportunities, potentially with a hybrid of wind and solar.
The company's total operating capacity as of FY26 stands at 399 MW, comprising 392 MW of wind and 7 MW of solar. The management expressed confidence in future growth, with the newly commissioned capacities expected to contribute significantly from FY27 onwards. The 17.6 MW solar project is projected to generate approximately ₹14.5 crore in revenue and ₹12.8 crore in EBITDA on a full-year basis, while the 9.9 MW wind expansion is expected to contribute around ₹14 crore in revenue and ₹10 crore in EBITDA in a normal wind year.
Regarding future expansion and financing, the company is exploring various options to achieve its target of 1 GW of renewable energy capacity. While acquiring operating assets is considered the fastest route, strategic initiatives have slowed due to market volatility. The management is actively working on strategies to increase shareholder value, considering all options including external equity sources for larger-scale expansions, but no concrete timelines or announcements could be made at the time of the call.
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Orient Green Power Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.