Orient Green Power Q3 FY26 Earnings Call Transcript Released
Orient Green Power released its Q3 FY26 earnings call transcript. The company commissioned a 7 MW solar project and secured contracts for 28 MW new capacity. A 6 MW wind repowering project is underway. For Q3 FY26, revenue was ₹40.06 crores and EBITDA ₹17.07 crores. Nine-month net profit grew 54% to ₹88.13 crores.
The transcript details significant operational updates including new solar commissioning and wind repowering initiatives, alongside financial performance for Q3 and nine months of FY26. It also provides insights into the company's strategy for future capacity expansion and debt management, which are material to investors.
The announcement is a transcript of an investor call, providing operational and financial updates. While there are positive developments like new capacity additions and improved financial metrics for the nine months, the Q3 results were largely in line with the previous year, and the company's future growth depends on acquisitions and further policy implementation.
Orient Green Power Company Limited (OGPL) has released the transcript of its Investors/Analysts Call held on February 16, 2026, to discuss the Q3 and 9-month FY 2026 performance. During the call, the company highlighted the strategic commissioning of its first 7 MW solar power project and secured contracts for an additional 28 MW of Greenfield capacity (18 MW solar, 10 MW wind), expected to be commissioned by April-May FY2026. The company also initiated a 6 MW wind repowering project under the new Tamil Nadu Repowering Policy, a first for the state, with plans to review other old wind assets for similar repowering initiatives.
Financially, for Q3 FY2026, total income was ₹40.06 crores and EBITDA was ₹17.07 crores. Loss before exceptional items reduced by 17% to ₹18.16 crores due to lower interest expenses. For the nine months ended Q3 FY2026, total income increased by 16% to ₹268.95 crores, EBITDA rose by 14% to ₹187.3 crores, and net profit grew by 54% to ₹88.13 crores. This improvement was attributed to favorable wind patterns, better machine availability, and a decline in finance costs by over 20% due to improved credit ratings and debt repayment. A one-time refund of excess interest also supported profitability.
The company currently operates 389 MW capacity (382 MW wind, 7 MW solar). Discussions are ongoing for potential acquisitions to reach the 1 GW capacity target, with updates expected in the next couple of quarters. The consolidated debt is ₹507 crores with a blended interest cost of 9.15% post-refinancing. Around 45 MW of old wind capacity has crossed 20 years of life and is being evaluated for repowering. The 6 MW repowering project is expected to be commissioned by June 2026, adding approximately ₹7 to ₹7.5 crores to EBITDA. The total addition from new capacity, wind, and repowered wind is expected to contribute about ₹36 crores to EBITDA annually. The company has no current expansion plans for Europe, focusing instead on its Indian operations.
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Orient Green Power Company Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.