NTPC Green Energy Q3 net profit drops 73% despite 29% revenue growth

State-owned NTPC Green Energy Ltd on Thursday (January 29) reported a net profit of ₹17.5 crore for the third quarter, compared with ₹65.6 crore in the same quarter last year, marking a 73% year-on-year decline.

Revenue for the quarter stood at ₹653.3 crore, up 29.4% from ₹505 crore reported in the corresponding period of the previous year.

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EBITDA increased 33.8% year-on-year to ₹567 crore from ₹424 crore. EBITDA margin for the quarter improved to 86.8% from 84% in the year-ago period.

NTPC Green Energy Ltd, an umbrella company for green business initiatives of NTPC, undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC's green energy journey to achieve the ambitious target of 60 gigawatt (GW) by FY32.

The company completed its initial public offering (IPO), comprising a fresh issuance of 92,63,29,669 equity shares with a face value of

₹10 each, during FY25. The IPO raised a total of ₹10,000 crore, and the company's equity shares were subsequently listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on November 27, 2024.

Shares of NTPC Green Energy Ltd ended at ₹92.29, down by ₹1.28, or 1.37%, on the BSE.