NTPC Green Energy Q2 Results: Profit jumps 56% YoY to Rs 137 crore, revenue rises 53%

NTPC Green Energy posts strong Q2FY27 earnings growth, with higher profits, revenue and EBITDA margins, alongside additional commercial solar capacity in Rajasthan.

The company's revenue from operations rose 53.2% YoY to Rs 938.2 crore in Q2FY27, from Rs 612.3 crore reported in Q2FY26. On the cost front, the company's total expenses increased 59% YoY to Rs 876.03 crore in Q2FY27, compared with Rs 551 crore reported in the corresponding quarter of the previous financial year.

NTPC Green Energy's Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 56.6% YoY to Rs 830 crore, compared with Rs 530 crore in the year-ago quarter.

The EBITDA margin improved to 88.4% in Q2FY27 from 86.5% in the corresponding quarter last year.

NTPC Green Energy operational update

Earlier, on October 29, NTPC Green Energy announced that the fifth part capacity of 95.6 MW of the Kalasar Solar Energy Project in Bikaner, Rajasthan, had been declared commercially operational with effect from 00:00 hours on October 30, 2026.

The 95.6 MW capacity is part of the 650 MW solar component under the 500 MW REMCL Round-the-Clock (RTC) Project of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy.

Following the addition, the commercial capacity of the NTPC Green Energy group increased from 11,328.69 MW to 11,424.29 MW.

NTPC Green Energy share price

Shares of NTPC Green Energy closed at Rs 82.44 apiece on Friday, October 30, declining 1.78% from the previous close of Rs 83.93 on the NSE.

During the trading session, the stock moved in a range of Rs 82.15 to Rs 84.44.

So far in 2026, NTPC Green Energy shares have declined 13.51%, according to NSE data.

At the current market price, the company had a market capitalisation of Rs 69,467 crore.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here