NTPC Green Energy Q1 FY27: Profit Growth Holds as Scale Accelerates

For the quarter ended 30 June 2026, the presentation reports revenue from operations of INR 1,107 crore, operating EBITDA of INR 989 crore, and profit after tax of INR 305 crore on a consolidated basis.

The presentation shows revenue from operations increased from INR 680 crore to INR 1,107 crore (63 percent). Operating EBITDA increased from INR 604 crore to INR 989 crore (64 percent). Profit after tax increased from INR 220 crore to INR 305 crore (38 percent).

As of 30 June 2026, the portfolio is shown as 9,891 MW operating solar capacity, 780 MW operating wind capacity, 16,318 MW contracted and awarded, and 3,424 MW pipeline projects. The total portfolio figure shown is 26,989 MW excluding 3,424 MW of pipeline capacity.

Consolidated generation for the quarter ended 30 June 2026 is reported as 5,753 MU (solar 5,126 MU and wind 627 MU). CUF is reported as 24 percent for solar and 37 percent for wind, with total CUF at 25 percent.

The notes state consolidated operational capacity includes Ayana’s operational capacity of 2,911 MW. However, Ayana’s EBITDA is not included in consolidated operating EBITDA because the share of profit is accounted under the equity method in consolidated financial results.

The presentation lists NGEL BESS projects in Kerala totaling 320 MWh with NHPC as offtaker. It also lists NTPC REL BESS totaling 1,800 MWh across SECI S TR-XVII (1,000 MWh), NHPC Tranche VIII (600 MWh), and Sitapur (200 MWh) with the Indian Army as offtaker for Sitapur.