Key Financial Highlights (Consolidated, ₹ Crore)

Q2 FY27 Performance:

  • Total Income: ₹147 crore (▲ 8% YoY)
  • EBITDA: ₹117 crore (▲ 12% YoY)
  • EBITDA Margin: 80% (▲ 251 basis points YoY)

H1 FY27 Performance:

  • Total Income: ₹233 crore (▲ 2% YoY)
  • EBITDA: ₹177 crore (▲ 4% YoY)
  • EBITDA Margin: 76% (▲ 147 basis points YoY)
  • Net Profit: ₹106 crore

Operational and Business Highlights

Capacity Additions:

  • Commissioned 17.6 MW solar plant in Q2 FY27
  • Total solar capacity now stands at 24.6 MW
  • 7 MW solar plant was already commissioned in previous fiscal

Wind Operations:

  • Improved wind conditions during Q2 FY27 offset previous quarter's deficit
  • Incremental generation from recently commissioned capacities contributed to marginal surplus
  • Repowering capex of 7.8 MW old wind turbines approaching final phase
  • Expected commissioning in upcoming quarter subject to regulatory approvals

New Projects:

  • Entered into EPC contract for expanding wind power capacity by 6.6 MW

Credit Rating Updates:

  • Material subsidiary credit rating upgraded to BBB by CRISIL
  • Solar subsidiary rated BBB by ICRA

Comparative Performance Context

  • H1 FY27 profit of ₹100+ crore achieved without the ₹16 crore one-time gain recorded in H1 FY26
  • Net Profit lower than previous year due to absence of one-time exceptional income of ₹16 crore in H1 FY26
  • Revenues and EBITDA for H1 FY27 showed marginal improvement of 2% and 4% YoY respectively

Management Commentary

Mr. T Shivaraman, Managing Director & CEO, commented:

  • Wind availability improved in current quarter compared to previous quarter
  • Incremental generation from recently commissioned solar and wind capacities reversed previous quarter's generation deficit
  • Repowering project anticipated to be commissioned in upcoming quarter
  • New capex projects expected to be available for next wind season, benefiting future performance

Company Background

Orient Green Power Company Limited, headquartered in Chennai and promoted by SVL Limited, is among the largest independent renewable power producers in India. Current operational capacity includes:

  • ~381.7 MW wind power capacity across Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka
  • 10.5 MW wind farm in Croatia, Europe
  • 24.6 MW solar power plant in Tamil Nadu

Previous Year Performance Reference

In FY26, the company on consolidated basis reported:

  • Total Income: ₹315.57 crore
  • EBITDA: ₹205.45 crore
  • Net Profit: ₹71.57 crore

Safe Harbour Statement

The press release contains forward-looking statements based on current information, with assumptions of no obligation to update as circumstances change. Risks include market demand, competitive pressures, customer spending reductions, ability to build new businesses, talent retention, currency fluctuations, and other industry risks.