New Delhi: NTPC Green Energy Limited reported a strong performance for the quarter ended March 31, 2026, with Profit After Tax (PAT) rising to ₹94.44 crore, supported by higher revenues and improved operational execution. The company also announced a major ₹5,000 crore borrowing plan and approved a strategic joint venture with CtrlS Datacenters Limited.
Q4 FY26 Financial Performance
NTPC Green Energy posted steady growth in its quarterly numbers:
- Net Profit (PAT): ₹94.44 crore, up from ₹60.27 crore in Q3 FY26
- Revenue from Operations: ₹499.02 crore
- Total Income: ₹533.21 crore (including ₹34.19 crore other income)
- Finance Costs: ₹156.55 crore
- EPS (Basic): ₹0.11 (not annualised)
The rise in profitability reflects improved execution across renewable energy operations.
Read also: NTPC Green Energy Adds 62.5 MW Solar Capacity in Rajasthan, Total Installed Capacity Hits 10,516 MW
Full-Year FY26 Performance Highlights
For the financial year ended March 31, 2026, the company delivered stable annual growth:
- Standalone PAT: ₹405.97 crore
- Consolidated PAT: ₹521.35 crore
- Revenue from Operations: ₹1,966.67 crore
- Net Worth: ₹16,892 crore (standalone)
The company maintained a strong financial base despite rising expansion costs.
Board Approvals: ₹5,000 Crore Fundraising & New JV
The board approved key strategic decisions to support future expansion:
- ₹5,000 Crore Fundraising Plan: To be raised in FY27 via secured and unsecured debentures (bonds/NCDs)
- Joint Venture Approval: Partnership with CtrlS Datacenters Limited for renewable energy projects, subject to regulatory approvals including DIPAM
- IPO Utilisation Update: The ₹10,000 crore IPO proceeds (FY25) have been fully utilized by September 30, 2025
Funds from the upcoming borrowing will be directed toward capital expenditure, refinancing, and support to subsidiaries and joint ventures.
Debt Position & Auditor Findings
The company reported a stable financial and compliance position:
- Debt-to-Equity Ratio: 0.47 (standalone)
- No Defaults: No outstanding defaults on loans or debt securities
- Debenture Compliance: No deviation in the use of ₹1,500 crore NCD proceeds
- Audit Status: Statutory auditors issued an unmodified (clean) opinion on standalone and consolidated financial statements
Outlook
With strong backing from its parent and continued investments in renewable infrastructure, the company is positioned for steady expansion in clean energy capacity and strategic partnerships.
About NTPC Green Energy
NTPC Green Energy Limited (NGEL) is a subsidiary of NTPC focused on developing renewable energy projects, including solar and wind power. The company plays a key role in India’s clean energy expansion and supports the nation’s target of increasing green energy capacity through large-scale sustainable projects.
Read also: NTPC Green Energy Commissions 90 MW at Khavda-II Solar Project, Total Capacity Crosses 10,453 MW
