• Event Type: Q1 FY 2027 Earnings Conference Call held on July 27, 2027
  • Date and Time: July 27, 2027 (specific time not mentioned in transcript)
  • Purpose: Discussion of Q1 FY27 financial results and business performance, including operational updates, capacity expansion, and strategic direction
  • Management Participants:
  • Mr. T. Shivaraman – Managing Director and CEO
  • Ms. J. Kotteswari – Chief Financial Officer
  • Presentation Availability: The transcript was made available on the company website at https://www.orientgreenpower.com/Investor-Presentations.asp
  • UPSI Compliance: The transcript does not contain specific language regarding unpublished price sensitive information

Financial Highlights Discussed

  • Q1 FY27 Financial Performance:
  • Revenue from operations: Rs. 81.43 crores (down 7% YoY)
  • EBITDA: Rs. 60.01 crores (down 9% YoY)
  • PAT: Rs. 23.94 crores (down 16% YoY)
  • Capacity Additions:
  • 3.3 MW wind turbine commissioned at beginning of Q1
  • 6.6 MW wind capacity commissioned towards end of previous quarter
  • 7 MW solar power plant commissioned in December 2025
  • Total incremental capacity: 9.9 MW wind + 7 MW solar available in Q1
  • Expansion Projects:
  • 17.6 MW solar capacity implementation progressing satisfactorily
  • 7.8 MW wind repowering under Tamil Nadu repowering scheme
  • Both projects expected to commission by end of September 2026 (delayed due to change of government and approval requirements)
  • Operational Performance:
  • Q1 wind availability moderate due to delayed monsoon
  • Shortfall mitigated by new capacity generation
  • Q2 wind availability till date reasonably good
  • Current operating wind turbines performing nominally with no significant availability issues
  • Balance Sheet & Financial Position:
  • Financial and liquidity position remains healthy
  • Interest costs under control with continuing efforts to reduce borrowing costs
  • Blended interest rate: 9.1%
  • Quarterly interest cost: approximately Rs. 13-14 crores
  • Debt position: Rs. 535 crores by year-end (repaying Rs. 100 crores this year)
  • Tax losses: Rs. 800-850 crores in material subsidiary
  • Guidance and Outlook:
  • Q2 expected to be better than Q1 due to improved wind availability
  • Completion of solar and repowering CAPEX by September 2026 to support profits
  • Full year operation of newly commissioned capacity to support current fiscal performance
  • Revenue and EBITDA expected to be better than last year but dependent on monsoon and wind conditions
  • Strategic Discussions:
  • 1 GW capacity expansion target discussed (original target 2028)
  • Evaluating Brownfield acquisitions and partnership possibilities
  • Challenges with capital raising due to stock price at Rs. 10
  • Exploring various fund raising options including promoter stake increase
  • Looking at battery storage for existing solar projects in coming quarters
  • Hybrid potential of 100+ MW solar at existing wind farm sites

Additional Notes Section

  • The document includes the full transcript of the earnings conference call Q&A session
  • Multiple analysts and individual investors participated with questions covering financial performance, expansion plans, capital structure, and strategic direction
  • Specific financial data was disclosed including revenue, EBITDA, PAT, debt levels, interest costs, and tax loss positions
  • The company discussed regulatory challenges in Tamil Nadu and Andhra Pradesh (APERC non-functional, delaying interest payment resolution)
  • Management provided specific guidance on capacity additions: 11 MW wind and 15 MW solar in FY27, with 15-20 MW repowered assets planned for FY28