Orient Green Power Company Limited has announced its Q3FY26 consolidated financial results, demonstrating mixed performance with revenue growth offset by increased losses. The renewable energy company reported revenue from operations of ₹35.97 crores compared to ₹34.51 crores in Q3FY25, while posting a consolidated net loss of ₹21.43 crores versus ₹22.41 crores in the previous year.

Financial Performance Overview

The company's Q3FY26 results show operational stability despite challenging market conditions. Orient Green Power maintained its EBITDA margin at 43% with EBITDA of ₹17.07 crores compared to ₹17.22 crores in Q3FY25.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, the company demonstrated strong year-to-date performance with revenue from operations increasing 16.37% to ₹254.36 crores from ₹218.60 crores. The company achieved a consolidated net profit of ₹88.13 crores compared to ₹57.10 crores in the corresponding period of the previous year, representing a 54.34% improvement.

Capacity Expansion and Business Development

Orient Green Power made significant progress in capacity expansion during Q3FY26. The company commissioned a 7 MW solar power project and entered into contracts for developing greenfield capacity of 28 MW, consisting of 18 MW solar and 10 MW wind power projects. Additionally, the company secured a contract for repowering 6 MW to enhance productivity of existing wind capacity.

Management Commentary and Strategic Outlook

Managing Director & CEO T. Shivaraman highlighted the company's strategic progress, stating that December quarter generation remained consistent with historical seasonal patterns. He emphasized that favourable wind conditions during the first half supported strong operational performance, resulting in year-to-date revenue and PBT growth of 16% and 88%, respectively.

The company is progressing with capacity additions and repowering of existing wind assets in a phased manner, which are expected to enhance overall returns. Recent contract executions include an 18 MW solar project scheduled for commissioning by May 2026 and a 10 MW wind capacity project expected by April 2026, marking the company's entry into larger-capacity turbines exceeding 3 MW for higher generation efficiencies.

Orient Green Power 's subsidiary Gamma Green Power has secured a significant Engineering, Procurement and Construction (EPC) contract from Renfra Energy for a wind power project in Tamil Nadu. The deal marks an important milestone for the company in expanding its renewable energy portfolio.

Project Details

The contract encompasses the development of a 9.9 MW wind power project, representing a substantial addition to Tamil Nadu's renewable energy capacity. The project specifications and timeline demonstrate the company's capability to handle large-scale wind energy installations.

Strategic Significance

This EPC contract represents a notable business development for Gamma Green Power, positioning the company as a key player in India's wind energy sector. The project's location in Tamil Nadu, one of India's leading states for wind power generation, underscores the strategic importance of this engagement.

The contract value of approximately ₹85.05 crore reflects the substantial scale of the undertaking, involving comprehensive engineering, procurement, and construction services for the wind power facility. The extended timeline until April 2026 allows for thorough project execution and quality delivery.

Industry Impact

The agreement between Gamma Green Power and Renfra Energy contributes to India's renewable energy expansion goals. Wind power projects of this magnitude play a crucial role in the country's transition toward sustainable energy sources and reduction of carbon emissions.

Tamil Nadu's favorable wind conditions and supportive policy environment make it an attractive destination for wind power investments, and this project adds to the state's growing renewable energy infrastructure.