NTPC Green Energy (NGEL) reported revenue from operations of ₹9.38 billion (~$97.03 million) in the second quarter (Q2) of the financial year (FY) 2027, a 53.2% year-over-year (YoY) increase from ₹6.12 billion (~$63.33 million).

The company’s total income stood at ₹10.01 billion (~$103.50 million), up 52.4% YoY from ₹6.57 billion (~$67.93 million).

Operating earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 56.6% YoY to ₹8.30 billion (~$85.87 million) from ₹5.30 billion (~$54.82 million) in the corresponding quarter of the previous year.

NGEL’s profit after tax (PAT) increased 59.3% YoY to ₹1.38 billion (~$14.23 million) from ₹863.1 million (~$8.93 million).

The company’s earnings per share stood at ₹0.16 (~$0.0017) in Q2 FY 2027, compared to ₹0.10 (~$0.0010) in Q2 FY 2026.

First Half

For the first half (1H) of FY 2027, NGEL reported revenue from operations of ₹20.45 billion (~$211.54 million), a 58.2% YoY increase from ₹12.93 billion (~$133.69 million).

Total income increased 51.4% YoY to ₹21.22 billion (~$219.54 million) from ₹14.01 billion (~$144.92 million).

Operating EBITDA rose 60.5% YoY to ₹18.18 billion (~$188.06 million) from ₹11.33 billion (~$117.20 million). The operating EBITDA margin improved to 89% from 88% in the corresponding period last year.

The company’s PAT increased 44.5% YoY to ₹4.42 billion (~$45.74 million) from ₹3.06 billion (~$31.66 million).

Earnings per share increased to ₹0.52 (~$0.0054) from ₹0.37 (~$0.0038) in 1H FY 2026.

Operational Highlights

NGEL’s consolidated operational renewable energy capacity reached 11.059 GW as of September 30, 2026, up 49.3% from 7.407 GW a year earlier. The portfolio comprised 10.156 GW of solar and 903 MW of wind capacity.

Renewable energy generation increased 61% YoY to 10,881 million units (MU) in 1H FY 2027 from 6,760 MU in the corresponding period last year.

Solar generation rose 61.3% to 9,431 MU from 5,846 MU, while wind generation increased 58.6% to 1,450 MU from 914 MU.

The solar capacity utilization factor stood at 22%, unchanged from the corresponding period last year. The wind capacity utilization factor improved to 41% from 34%, while the overall consolidated capacity utilization factor remained at 23%.

During the first half, NGEL added 983 MW of operational renewable energy capacity, comprising 532 MW under NTPC Renewable Energy and 451 MW under Ayana Renewable Power.

As of October 30, 2026, the company’s operational capacity had increased further to 11.424 GW.

NGEL’s operating, contracted, and awarded renewable energy portfolio stood at 27.686 GW, comprising 11.059 GW of operational capacity and 16.627 GW of contracted and awarded projects.

Including 3.231 GW of projects in the pipeline, the company’s total renewable energy portfolio stood at 30.917 GW.

NGEL’s battery energy storage system (BESS) portfolio totaled 5.144 GWh, including 4.920 GWh of contracted and awarded capacity and 224 MWh in the pipeline.

The portfolio included 3.6 GWh in Rajasthan, 800 MWh in West Bengal, 320 MWh in Kerala, and 200 MWh in Uttar Pradesh, along with additional pipeline capacity.

During the period, NGEL secured 200 MW/800 MWh of capacity in West Bengal State Electricity Distribution Company’s standalone BESS tender.

NGEL reported a net profit of ₹3.05 billion (~$31.55 million) in the previous quarter, a 38% increase YoY from ₹2.2 billion (~$22.76 million).