NTPC Green Energy reported its unaudited financial results for the quarter ended June 30, 2026 (Q1FY27), with consolidated revenue rising to ₹1,106.86 crore from ₹680.21 crore in the corresponding period of the previous year. The board approved the results and sanctioned an investment to increase its stake in a joint venture during a meeting held on July 22, 2026.

Q1FY27 Financial Performance

The company reported a consolidated net profit of ₹304.84 crore for Q1FY27, compared to ₹220.48 crore in the year-ago period. Profit before tax stood at ₹368.32 crore, while total expenses for the quarter were ₹782.37 crore. The following table summarises the key consolidated financial metrics:

Operational Margins

The operating margin for the quarter was 62.32%, while the net profit margin was 27.54%. The interest service coverage ratio improved to 3.01 in Q1FY27 from 3.30 in the prior year. The debt equity ratio stood at 1.68, compared to 1.11 in the same period last year.

Board Approvals and Strategic Investments

The Board of Directors approved the incorporation of a wholly owned subsidiary or special purpose vehicle (SPV) for developing renewable energy projects, with plans for subsequent stake dilution for captive or group captive structuring. Additionally, the board granted in-principle approval for an investment of up to ₹28,77,550 in AP NGEL Harit Amrit Limited (APNHAL), a joint venture with New & Renewable Energy Development Corporation of Andhra Pradesh Limited. This investment involves the subscription of 2,87,755 equity shares, increasing NTPC Green Energy's holding from 50% to 51%, making APNHAL a subsidiary of the company.

Disclosures and Compliance

The company confirmed that there were no outstanding defaults on loans and debt securities. The statutory auditors conducted a limited review of the standalone and consolidated financial results. The filing included disclosures under Regulation 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming no deviation in the use of issue proceeds for listed non-convertible debentures.

NTPC Green Energy Limited 's joint venture subsidiary, Ayana Renewable Power Private Limited (Ayana), a wholly owned subsidiary of ONGC NTPC Green Private Limited, has secured a 50 MW wind power project in a tender conducted by Solar Energy Corporation of India Limited (SECI). The project was awarded under the tariff-based competitive bidding process for setting up 2000 MW ISTS-connected wind power projects in India (SECI-Tranche-XX), with Ayana winning the capacity at a tariff of ₹3.85/kWh.

Project Award Details

The e-reverse auction was conducted by SECI to select wind power developers for the specified capacity. Ayana Renewable Power emerged as a successful bidder in compliance with the Request for Selection (RFS) conditions, with the auction process concluding on July 15, 2026. The following table summarizes the key details of the project award:

About the Joint Venture

ONGC NTPC Green Private Limited is a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited. The successful bid by Ayana Renewable Power adds to the renewable energy portfolio of the joint venture entity. The disclosure was made to the exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the press release confirming the development issued on July 15, 2026.