July 29, 2025 | New Delhi — NTPC Green Energy Ltd (NGEL), the renewable energy subsidiary of NTPC Ltd, reported stellar financial results for the first quarter of FY26, underscoring its growing presence in India’s green energy sector. The company’s consolidated net profit surged by 59% year-on-year to ₹220.48 crore, up from ₹138.61 crore in Q1 FY25, driven by increased capacity and improved operational efficiency.
🔹 Q1 FY26 Key Financial Highlights:
- Net Profit: ₹220.48 crore, up 59% YoY
- Revenue: ₹680.21 crore, up 17.6% YoY
- Total Income: ₹751.69 crore, up 24% YoY
- EBITDA: ₹603 crore, up 17.8% YoY
- EBITDA Margin: Steady at 88.6%
📈 "The robust growth in earnings is attributed to higher renewable power generation, improved solar plant load factors, and the commissioning of new projects," reported CNBC TV18.
💡 Operational Performance and Expansion
During the quarter, NTPC Green added 260 MW of new capacity, pushing its total commissioned renewable energy capacity to 3.4 GW. The company now has 7.4 GW under implementation, reinforcing its role in India’s clean energy transition.
- Renewable Energy Generation: Increased by 26% YoY to 2,010 million units
- Capacity Utilization: Boosted by favorable weather and higher plant load factors
- PPAs Secured: Over 96% of commissioned capacity tied up under long-term Power Purchase Agreements (PPAs)
🔍 Sequential Dip in Profit
Despite the strong YoY growth, NGEL's net profit dipped 5.5% sequentially compared to Q4 FY25, mainly due to an increase in tax expenses, according to Saur Energy.
🏗️ Strategic Growth Plans
NTPC Green is central to parent company NTPC’s ambitious goal of achieving 60 GW of renewable energy capacity by FY2031-32. The company is aggressively expanding through both organic development and strategic acquisitions.
Its successful ₹10,000 crore IPO in November 2024, as reported by PSU Watch, is funding this rapid scale-up.
📊 Stock Market Update
NTPC Green shares closed at ₹107.29 on Monday, up 1.4%, reflecting positive investor sentiment. However, the stock remains down by approximately 16% year-to-date, influenced by broader market volatility.
📌 Outlook
NGEL’s Q1 FY26 performance highlights its growing capability to scale sustainably while maintaining profitability. With a healthy pipeline of projects and strong PPA coverage, the company is well-positioned to capitalize on India’s renewable energy boom.
As demand for clean energy accelerates, NTPC Green Energy Ltd continues to emerge as a key player in India’s energy transition, paving the way toward a greener and more sustainable future.
