Electric Utilities company Orient Green Power Company announced Q4FY24 & FY24 results: Revenue from operations: Rs 27,098 Lakh Total Income : Rs 28,068 Lakh EBITDA %: 70% PBT: Rs 3,867 Lakh Commenting on the performance, T Shivaraman, Managing Director & CEO, said: “ The current fiscal is a moderate one in terms of wind availability witnessing a marginal increase in turnover. We have initiated component upgradation in certain identified windmills during the year and this exercise is expected to be completed in the next fiscal, which is expected to improve the generation in the years to come. The EBIDTA for the year is maintained at the same level for the year. However, the operating EBITDA and PBT improved by 9% and 16% for the year. Our improved credit rating and refinancing enabled us to cut the interest cost by ~25%. we have also created a Debt Service Reserve Account (DSRA) of ~Rs 69 crore which strengthens our liquidity position. Further, we are in the process of coming out with a rights issue of about Rs. 250crore predominantly for venturing into solar business and debt reduction. The reduced finance cost and a conducive regulatory environment promoting green energy bode well for the future”. Result PDF