Orient Green Power Company Ltd — earnings calls

Orient Green Power reported Q1 FY27 revenue of Rs. 81.43 crore and EBITDA of Rs. 60.01 crore, down 7% and 9% year-on-year respectively due to lower wind availability, while PAT fell 16% to Rs. 23.94 crore on lower interest income and higher depreciation. Management said wind availability was weak in Q1 due to a delayed monsoon but had improved in Q2, and it expects the current fiscal year's wind generation to be closer to two years ago than to last year's strong season. The company also discussed progress on a 17.6 MW solar project and 7.8 MW wind repowering, both expected to be commissioned by end of September 2026, along with a promoter share pledge scheduled to be released after loan repayment by September 2027.

Orient Green Power reported FY26 total income of about INR 316 crore and EBITDA of about INR 206 crore, up 13% and 10% year-on-year, with PAT growing 70% to INR 72 crore, the highest in the company's history. Management attributed the gains to favourable wind in the first half of the year, a refund of excess interest charged in earlier periods, and a 21% reduction in interest costs, which offset a Q4 decline caused by lower wind availability. The company added 9.9 megawatts of wind capacity during the fiscal, commissioned a 7 megawatt solar plant in December, and is constructing a further 17.6 megawatts of solar capacity alongside repowering 7.8 megawatts of older wind turbines.