Power & Electric Utilities company Orient Green Power Company announced Q4FY25 results Revenue from operations: Rs 4,147 lakh compared to Rs 3,598 lakh during Q4FY24. Total income: Rs 4,811 lakh compared to Rs 3,908 lakh during Q4FY24. EBITDA: Rs 2,222 lakh compared to Rs 1,738 lakh during Q4FY24. EBITDA margin: 46% for Q4FY25. PBT: Rs -1,402 lakh compared to Rs -2,498 lakh during Q4FY24. PAT: Rs -1,509 lakh compared to Rs -2,525 lakh during Q4FY24. T Shivaraman, Managing Director & CEO, said: "The current quarter has been strong in terms of generation, with operating revenues increasing by 15%, effectively offsetting shortfalls from earlier quarters. Total income grew by 23% QoQ and 5% YoY. Profit before exceptional items for the financial year rose by 48%. Component upgradation work on selected windmills, initiated in the previous fiscal year, is expected to be completed by May 2025. This will position us to fully leverage the benefits during the upcoming wind season. Additionally, the increase in revenue, along with continued cost rationalization efforts during the year, has led to improved profitability in comparative terms, despite the one time exceptional income in the previous year. Looking ahead, both the windmill component upgradation and the solar project slated for commissioning by September 2025, are expected to fuel the revenue growth in the coming years. Furthermore, improved credit ratings and strong investor support in the market are providing us with the momentum to expand our footprint in the renewable energy sector through our scalable business model." Result PDF
Electric Utilities company Orient Green Power Company announced Q3FY25 results Revenue from operations: Rs 3,450 crore compared to Rs 3,398 crore during Q3FY24. EBITDA: Rs 1,667 crore compared to Rs 1,809 crore during Q3FY24. EBITDA margin: 41% for Q3FY25. PBT: Rs -2,236 crore compared to Rs -2,064 crore during Q3FY24. T Shivaraman, Managing Director & CEO, said: “The current quarter is moderate in terms of generation witnessing marginal increase in operating revenues. However, the total income for increased by 6%. The EBITDA comparatives for the quarters include notional forex restatement loss of Rs 2 crore, adjusting it the QoQ EBITDA remain same. Further, Our YTD Profit before exceptional items witnessed 8% growth. As regards the solar project proposed to be developed from rights issue, our board approved the solar capacity expansion of 25 MW instead of the planned 19.8 MW, without additional capital outlay. Our company has finalized the land parcels for developing the said capacity and the project is expected to be commissioned by September 2025. The reducing finance costs by ~10%, adequate debt service reserve and improved credit ratings are giving impetus to gear up for expansion. We are exploring expansion opportunities through debt besides repowering certain ageing assets through hybrid models which enable optimal generation and improved revenues in the years to come.” Result PDF
Electric Utilities company Orient Green Power Company announced Q2FY25 results Revenue from operations: Rs 12,404 lakh compared to Rs 12,230 lakh during Q2FY24. EBITDA: Rs 10,431 lah compared to Rs 10,218 lakh during Q2FY24. EBITDA margin: 83% during Q2FY25. PBT: Rs 6,646 lakh compared to Rs 7,500 during Q2FY24. T Shivaraman, Managing Director & CEO, said: “At the outset, we extend our gratitude to our shareholders for their overwhelming support in subscribing fully to the rights issue. In pursuit of our targeted installed capacity of 1GW, our company has initiated steps for developing a 20+MW solar project from the issue proceeds and another solar project of similar capacity is being planned to be developed by securing debt. Besides, we are also eyeing on repowering certain ageing assets which shall improve our revenues and asset quality. While the wind availability during the current period has been subdued due to weather conditions in Gujarat and at certain locations in Tamil nadu, our company has been able to achieve revenues and profitability similar to previous periods, thanks to the component upgradation work carried on through one of our material subsidiaries, M/s Beta Wind Farm Private Limited. This upgradation is expected to be completed by March 2025 and is likely to improve our consolidated PBT by Rs. 19Crore from FY 2025-26. The finance costs for the H1FY25 are lower by 8% over H1 of FY24, the reduction is predominantly contributed by refinancing of loans, improved credit rating and prompt servicing. We have also created a Debt Service Reserve Account (DSRA) of Rs 69 crore under the loan covenants which strengthens our liquidity position further.” Result PDF