NTPC Green Energy Limited announced its audited financial results for the financial year ended March 31, 2026, following a Board of Directors meeting held on Friday, May 22, 2026. The board approved the audited standalone and consolidated financial statements, which were reviewed by the Audit Committee. The statutory auditors issued an unmodified opinion on the financial statements. The latest quarterly data further reveals a mixed performance, with Q4 EBITDA and revenue declining on a year-on-year basis.

Annual Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹521.35 crore, compared to ₹474.12 crore in the previous year. Total income for the year stood at ₹3,035.12 crore. On a standalone basis, the net profit was ₹405.97 crore for FY26, with total income recorded at ₹2,143.58 crore. The following table summarises the key annual financial metrics:

Q4 Standalone Performance

On a quarterly basis, NTPC Green Energy's standalone results reflect a year-on-year decline across key metrics. Q4 EBITDA stood at 4.17B Rupees, compared to 4.7B Rupees in the same quarter of the previous year. The EBITDA margin contracted to 83.75% from 85.95% year-on-year. Standalone net profit for Q4 came in at 944M Rupees, against 2.05B Rupees in the corresponding period last year, while Q4 revenue was recorded at 5B Rupees versus 5.5B Rupees year-on-year.

Board Approvals and Strategic Decisions

The board approved raising funds through borrowing of up to ₹5,000 crore during the financial year 2026-27. The funds will be raised through the issuance of secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative debentures (Bonds/NCDs) in one or more tranches. Additionally, the board approved the incorporation of a Joint Venture Company between NTPC Green Energy Limited and CtrlS Datacenters Limited. The joint venture is intended for the development of Renewable Energy (RE) Projects, subject to necessary approvals including that of DIPAM and other statutory bodies.

Debt Utilization and Compliance

The company disclosed that it had raised ₹1,500 crore through private placement of non-convertible debentures on November 11, 2025. The full amount has been utilized for financing capital expenditure, including refinancing and extending financing to subsidiaries and joint ventures, with no deviation from the stated objects. The statutory auditors certified compliance with the covenants of the listed debt securities for the quarter ended March 31, 2026.

NTPC Green Energy Limited has declared commercial operation (COD) for two solar power projects located in Rajasthan, with a combined capacity of 62.5 MW, effective from 00:00 hrs of 15.05.2026. The declaration was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to stock exchanges on 14.05.2026. Both projects are held through step-down subsidiaries of the company's joint venture, ONGC NTPC Green Private Limited.

Project-wise Commercial Operation Details

The two projects achieving commercial operation are part of larger ongoing solar installations in Rajasthan. The following table summarises the key details of each project:

Project Eleven Renewable Power Private Limited, a step-down subsidiary under the ONGC NTPC Green Private Limited joint venture, has declared the second part capacity of 12.5 MW of its 150 MW solar project, bringing the cumulative commissioned capacity of this project to 100 MW. Simultaneously, Project Sixteen Renewable Power Private Limited, another step-down subsidiary under the same joint venture, has declared the second part capacity of 50 MW of its 300 MW solar project, taking its cumulative commissioned capacity to 200 MW.

Impact on Group Installed Capacity

The addition of 62.5 MW from these two projects results in an increase in the total installed capacity of the NTPC Green Energy Limited Group. The table below captures the capacity position before and after the declarations:

With the commercial operation of these projects, the total installed capacity of the NTPC Green Energy Limited Group stands at 10,516.40 MW, up from the previous level of 10,453.90 MW. The disclosure was signed by Deepak C S, Company Secretary & Compliance Officer of NTPC Green Energy Limited, and submitted to both the National Stock Exchange of India Limited and BSE Limited.