New Delhi: NTPC Green Energy Limited (NGEL) reported strong operational and financial performance for the second quarter of FY27, with consolidated net profit increasing 59.3% year-on-year to ₹137.50 crore, compared with ₹86.38 crore in the corresponding quarter of the previous financial year.
The company disclosed its key performance highlights for the quarter and six months ended September 30, 2026, in a filing to the stock exchanges on October 30, 2026. It also directed investors to its official website for detailed financial information.
During Q2 FY27, revenue increased 53.2% to ₹938.16 crore from ₹612.29 crore in Q2 FY26, reflecting the company’s expanding renewable energy operations.
Total income for the July-September quarter rose 52% to ₹1,000.76 crore, compared with ₹656.72 crore in the year-ago period. Total expenses also increased to ₹876.03 crore from ₹551 crore in Q2 FY26.
NTPC Green Energy Q2 FY27: Revenue and Profitability Performance
NGEL recorded growth across its key financial indicators during the second quarter of FY27. EBITDA increased 47.8% year-on-year to ₹544.45 crore from ₹368.28 crore in the corresponding quarter last year.
However, the EBITDA margin declined to 58.03% from 60.15% in Q2 FY26, representing a contraction of 212 basis points. This indicates that operating costs increased relative to revenue, even as the company reported higher absolute EBITDA.
The key financial highlights for Q2 FY27 are:
- Revenue: ₹938.16 crore, up 53.2% from ₹612.29 crore in Q2 FY26.
- Consolidated Net Profit: ₹137.50 crore, up 59.3% from ₹86.38 crore.
- EBITDA: ₹544.45 crore, an increase of 47.8% from ₹368.28 crore.
- EBITDA Margin: 58.03%, compared with 60.15% in the corresponding quarter last year.
- Total Income: ₹1,000.76 crore, up 52% from ₹656.72 crore.
- Total Expenses: ₹876.03 crore, compared with ₹551 crore in Q2 FY26.
Read also: NTPC Green Energy Commissions 95.6 MW Solar Capacity at Kalasar Project in Rajasthan
NTPC Green Energy Portfolio Reaches 27,686 MW
As of September 30, 2026, NTPC Green Energy’s total renewable energy portfolio stood at 27,686 MW, reflecting its expanding presence across India’s clean energy sector.
The portfolio includes:
- Operating Solar Capacity: 10,156 MW.
- Operating Wind Capacity: 903 MW.
- Contracted and Awarded Capacity: 16,627 MW.
- Pipeline Projects: 3,231 MW of solar capacity, along with battery energy storage capacity.
The company’s renewable energy operations and projects are spread across several states. Rajasthan and Gujarat account for significant portions of its portfolio, followed by Karnataka and other states.
The state-wise portfolio includes:
- Rajasthan: 7,886 MW.
- Gujarat: 7,582 MW.
- Karnataka: 2,935 MW.
NTPC Green Energy Secures New Solar, Wind and Battery Storage Projects
NGEL continued to expand its renewable energy portfolio during the period through new project wins, power purchase agreements and strategic initiatives across solar, wind and battery energy storage.
Key developments include:
- 200 MW Battery Energy Storage System: The company secured 200 MW/800 MWh of Battery Energy Storage System (BESS) capacity in West Bengal State Electricity Distribution Company Limited’s (WBSEDCL) standalone BESS tender.
- 1,200 MW Solar Power Agreement: NTPC Renewable Energy Limited (NTPC REL) signed a Power Purchase Agreement (PPA) with PTC India Limited for 1,200 MW of solar power.
- 500 MW Assured Peak Power Capacity: NGEL secured 500 MW in the Solar Energy Corporation of India’s (SECI) Assured Peak Power Tender (FDRE-IX).
- 50 MW Wind Power Capacity: Ayana Renewable Power won 50 MW of capacity in a SECI wind tender.
These developments are expected to support the company’s expansion across renewable energy generation and energy storage segments.
NTPC Green Energy Raises ₹2,500 Crore Through NCDs
As part of its financing initiatives, NTPC Green Energy issued unsecured non-convertible debentures (NCDs) worth ₹2,500 crore through private placement.
The NCDs carry a coupon rate of 7.27% per annum and have a tenor of 10 years. The fundraising is part of the company’s efforts to support its financing requirements and renewable energy expansion plans.
NGEL continues to strengthen its presence through multiple subsidiaries and joint ventures operating across different states, with a focus on solar, wind and battery energy storage projects.
About NTPC Green Energy Limited
NTPC Green Energy Limited (NGEL) is a wholly owned subsidiary of NTPC Limited and serves as the umbrella company for the NTPC Group’s green energy initiatives. It focuses on developing renewable energy projects, including solar and wind power, as well as emerging areas such as battery energy storage. As part of India’s largest power generation group, NGEL plays an important role in supporting the country’s clean energy transition and renewable energy expansion.
