NTPC Green Energy Q2 Profit Jumps 57% to Rs 137.5 Crore; Revenue Surges 53% – Indian PSU
NTPC Green Energy Limited (NGEL), the renewable energy arm of state-owned power major NTPC Limited, has reported a 57% year-on-year increase in standalone net profit to Rs 137.5 crore for the second quarter of FY 2026-27, supported by strong revenue growth and improved operating performance.
The company’s standalone net profit stood at Rs 86.04 crore in the corresponding quarter of the previous financial year. Revenue from operations increased 53% to Rs 515.31 crore in Q2 FY27 from Rs 336.51 crore in the year-ago period.
The company’s consolidated results also reflected strong growth. Consolidated net profit rose to Rs 137.5 crore from approximately Rs 86.38 crore in Q2 FY26, while revenue from operations increased 53.2% to Rs 938.2 crore from Rs 612.3 crore.
EBITDA Rises 56.6%
NTPC Green Energy reported consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 830 crore in the September quarter, registering a 56.6% increase over Rs 530 crore in the corresponding period last year.
The consolidated EBITDA margin improved to 88.4% from 86.5% a year earlier, indicating stronger operating performance during the quarter.
However, the company’s consolidated total expenses increased to Rs 876.03 crore from Rs 551 crore in Q2 FY26, reflecting higher expenditure alongside the expansion in business operations.
Solar Capacity Expansion Continues
The quarterly performance comes amid continued expansion of NTPC Green Energy’s renewable energy portfolio.
On October 29, the company announced that the fifth part capacity of 95.6 MW of the Kalasar Solar Energy Project in Bikaner, Rajasthan, had been declared commercially operational with effect from midnight on October 30, 2026.
The commissioning adds to the company’s operational renewable energy capacity and supports its expansion in India’s growing solar power sector.
NTPC’s Green Energy Ambitions
NTPC Green Energy is the umbrella company for the green energy initiatives of NTPC Limited, India’s largest power generation company.
The company is expanding its renewable energy portfolio as NTPC strengthens its presence in solar, wind and other clean energy segments. Its growth strategy aligns with India’s broader push to increase renewable energy capacity and reduce the carbon intensity of electricity generation.
The latest quarterly results highlight continued growth in revenue and profitability, supported by renewable energy operations and the addition of new project capacity.
