Newsletter
NTPC Green Energy lit up the Street with a blockbuster Q4, profits nearly tripled and revenue growth stayed strong.
For context, the company is the renewable energy arm of NTPC, India’s largest power utility. It builds and operates solar, wind, and hybrid projects.
By the numbers:
- Profit: ₹233.2 crore, up 188% YoY (vs ₹80.95 crore)
- Revenue: ₹622.2 crore, up 22.4% YoY (vs ₹508.14 crore)
- QoQ: Profit jumped 255%, revenue up 23%
The how: the company’s execution has been sharp with ramping up output while keeping expenses in check. Also, strong grid demand for clean power is fuelling steady top-line gains.
Zoom out: India is betting big on green energy. The country aims to hit 500 GW of non-fossil fuel capacity by 2030.
Investors clearly liked what they saw as NTPC Green ended 4% higher in Wednesday’s session.
