Thu, 23 Jul 2026
08:14:00 am
Rudransh Sangwan
Published at: July 23, 2026, 4:38 AM
Synopsis
NTPC Green Energy shares gained after reporting strong Q1 FY27 results. Net profit rose 38.3% YoY to ₹304.8 crore, revenue jumped 62.7%, EBITDA increased 63.8%, and the company continues expanding its renewable energy portfolio.

NTPC Green Energy Ltd shares climbed in early trade on July 23 after the company reported a strong set of Q1 FY27 earnings, driven by robust growth in revenue, profitability, and operating performance. Investors reacted positively as the renewable energy company delivered healthy year-on-year growth across key financial metrics while maintaining industry-leading EBITDA margins.
The strong quarterly performance comes at a time when India's renewable energy sector continues to witness significant investments and policy support. Alongside its earnings, NTPC Green Energy is also strengthening its project pipeline, with its joint venture subsidiary Ayana Renewable Power recently securing a 50 MW wind power project under a Solar Energy Corporation of India (SECI) tender.
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Following the earnings announcement, NTPC Green Energy shares gained over 3% in early trade.
| Stock Performance | Value |
|---|---|
| Opening Gain | 6%+ |
| Current Price (Morning Trade) | ₹98.39 |
| Intraday High | ₹99.39 |
| Previous Close | ₹91.30 |
| 52-Week High | ₹119.93 |
| 52-Week Low | ₹84.08 |
| Market Capitalisation | ₹76,932 crore |
Despite the recent rally, the stock continues to trade nearly 24% below its 52-week high, indicating investors are closely tracking future earnings growth and project execution.
The company delivered strong double-digit growth across revenue, EBITDA, and net profit during the June quarter.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue | ₹1,106.9 crore | ₹680.2 crore | +62.7% |
| EBITDA | ₹988.7 crore | ₹603.6 crore | +63.8% |
| EBITDA Margin | 89.3% | 88.7% | Stable |
| Net Profit | ₹304.8 crore | ₹220.5 crore | +38.3% |
The sharp rise in revenue translated into healthy earnings growth, while the company's EBITDA margin remained close to 90%, reflecting strong operational efficiency.
NTPC Green Energy maintained one of the highest EBITDA margins in the renewable energy sector during the quarter.
The company's operating profitability improved alongside higher revenue, highlighting efficient execution of renewable energy assets and stable cash generation from existing projects.
The combination of rising revenue and sustained margins helped drive a 38.3% increase in quarterly profit, reinforcing confidence in the company's long-term growth strategy.
In another positive development, Ayana Renewable Power, a wholly-owned subsidiary of ONGC NTPC Green Private Ltd., secured a 50 MW wind power project under the latest SECI wind auction.
The project was awarded after Ayana emerged as the successful bidder in the 2,000 MW ISTS-connected wind power tender, quoting a tariff of ₹3.85 per kWh.
The project further strengthens NTPC Green Energy's renewable energy pipeline and supports India's clean energy expansion.
| Particular | Details |
|---|---|
| Project Capacity | 50 MW |
| Tendering Agency | Solar Energy Corporation of India (SECI) |
| Parent Entity | ONGC NTPC Green Private Ltd. |
| Ownership Structure | 50:50 JV between NTPC Green Energy & ONGC Green |
| Winning Tariff | ₹3.85 per kWh |
Several factors continue to support investor interest in NTPC Green Energy:
As India accelerates its clean energy targets, companies with large renewable portfolios and strong execution capabilities are expected to remain key beneficiaries.
NTPC Green Energy's Q1 FY27 performance highlights strong momentum in its renewable energy business. With healthy earnings growth, expanding project wins, and a robust development pipeline, the company remains well-positioned to benefit from increasing demand for renewable power generation in India.
Investors will now watch future capacity additions, execution of new projects, and quarterly earnings performance as the company continues to scale its renewable energy operations.
Net profit increased 38.3% year-on-year to ₹304.8 crore.
Revenue from operations rose 62.7% to ₹1,106.9 crore.
The stock gained over 6% in early trade following the strong quarterly earnings announcement.
The company reported an EBITDA margin of 89.3%, broadly unchanged from 88.7% a year ago.
Ayana Renewable Power won a 50 MW wind power project in the latest SECI auction with a winning tariff of ₹3.85 per kWh.

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