New Delhi: NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd, reported a sharp year-on-year increase in both consolidated and standalone profit for the quarter ended June 30, 2025, but saw a sequential decline due to lower other income.
On a standalone basis, the company’s net profit rose 26.3 percent year-on-year to Rs 165.22 crore in Q1 FY26 from Rs 130.86 crore in Q1 FY25. However, it fell 19.5 percent from Rs 205.12 crore in the previous quarter (Q4 FY25).
Revenue from operations grew 2.9 percent YoY to Rs 560.33 crore, up from Rs 544.37 crore. Sequentially, it increased by 2.1 percent from Rs 548.64 crore. Total income declined 8 percent quarter-on-quarter to Rs 631.76 crore due to a fall in other income, which dropped to Rs 71.43 crore from Rs 137.76 crore in Q4. The fall in other income stemmed mainly from lower interest earned on IPO proceeds.
EBITDA (defined here as profit before tax plus depreciation, finance costs, and employee expenses) stood at Rs 574.71 crore in Q1, up 16.2 percent YoY and down 5.2 percent QoQ. EBITDA margin remained strong at 102.5 percent.
Profit margin improved YoY to 29.5 percent in Q1 FY26 from 24.1 percent in Q1 FY25, but dipped from 37.4 percent in the March quarter. Earnings per share (EPS) stood at Rs 0.20, down from Rs 0.24 in Q4, but flat YoY.
At the consolidated level, NGEL posted a net profit of Rs 220.48 crore in Q1 FY26, up 59 percent YoY from Rs 138.61 crore. However, profit declined 5.5 percent QoQ from Rs 233.21 crore in Q4 FY25.
Revenue from operations rose 17.6 percent YoY to Rs 680.21 crore from Rs 578.45 crore. Sequentially, it grew 9.3 percent from Rs 622.27 crore. Total income was stable at Rs 751.69 crore, marginally higher than Rs 751.50 crore in Q4. Other income stood at Rs 71.48 crore, nearly halved from Rs 129.23 crore in the March quarter.
EBITDA came in at Rs 670.77 crore, up 29.2 percent YoY and down 4.6 percent QoQ. Consolidated EBITDA margin was 98.8 percent. EPS for the quarter stood at Rs 0.26, down from Rs 0.28 in Q4 but higher than Rs 0.24 a year earlier.
As of June 30, 2025, the company’s consolidated net worth stood at Rs 18,440.34 crore, comprising Rs 8,426.33 crore in equity and Rs 10,014.01 crore in other equity. Standalone net worth stood slightly higher at Rs 18,486.50 crore.
The company continues to capitalise its green hydrogen hub project in Andhra Pradesh, for which it has amortised Rs 7.61 crore worth of leasehold land assets during the quarter and transferred the same to capital work in progress.
Of the Rs 10,000 crore raised through the IPO in November 2024, NGEL has utilised Rs 6,596.49 crore as of June 30, 2025. Rs 3,350 crore remains invested in deposits with scheduled commercial banks.
