NTPC Green Energy Q4 profit slips, but revenue rises 47%; announces fundraise

NTPC Green Energy Ltd

reported strong operational growth for the March quarter of FY26, with revenue and EBITDA rising sharply on the back of renewable energy expansion, although net profit declined year-on-year.

The state-run renewable energy company posted a net profit of ₹197.1 crore for Q4FY26, down 15.6% from ₹233.3 crore in the corresponding quarter last year.

Revenue from operations rose 46.7% year-on-year to ₹912.6 crore from ₹622.3 crore, while EBITDA increased 38.2% to ₹774.5 crore compared with ₹560.3 crore a year ago.

EBITDA margin stood at 84.9% versus 90% in the year-ago quarter.

Ahead of the earnings announcement, shares of NTPC Green Energy closed 1.18% lower at ₹104.14 on the NSE.

The board also approved raising funds of up to ₹5,000 crore during FY27 through secured or unsecured non-convertible debentures and bonds in one or more tranches.

In another strategic move, the company approved the incorporation of a joint venture with CtrlS Datacenters Ltd for the development of renewable energy projects, subject to regulatory approvals.

The latest performance marks an improvement from Q3FY26, when the company had reported a steep 73% decline in profit to ₹17.5 crore despite revenue growth of nearly 30%.

NTPC Green Energy, the renewable energy arm of NTPC Ltd, is spearheading the group’s clean energy expansion plans and aims to contribute towards NTPC’s ambitious target of achieving 60 GW renewable energy capacity by FY32.