Orient Green Power Company Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 28 May 2026 | Power | Market Cap: ₹1.1K Cr
The company aims to grow capacity to 1 GW, currently at 380 MW, through a mix of Greenfield and Brownfield projects, with discussions underway for acquisitions. New capacity additions: 28 MW Greenfield projects (18 MW solar, 10 MW wind) expected to commission by April-May FY 2026, adding ~Rs.
From Orient Green Power Company Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹9.48
Market Cap
₹1.1K Cr
P/E Ratio
20.9
How does Orient Green Power Company Ltd rank in Power?
Compare Orient Green Power Company Ltd against every Power company this quarter on revenue, margins and earnings-call signals.
Orient Green Power Company Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹39 Cr, net profit ₹-17 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company aims to grow capacity to 1 GW, currently at 380 MW, through a mix of Greenfield and Brownfield projects, with discussions underway for acquisitions.
- →New solar and wind projects (28 MW combined) are expected to commission by April-May FY 2026, adding incremental revenue.
- →Repowering 6 MW of older wind assets is underway, projected to increase EBITDA by Rs. 36 crores per annum alongside new Greenfield assets.
- →Seasonal nature of wind impacts volume; majority of generation occurs in first half of fiscal year.
- →Future growth will be driven by hybrid wind-solar projects enhancing operational efficiency and balancing portfolio sustainability.
- →Management is exploring fundraising options for expansion beyond FY 2027, expecting CAPEX funded through both internal resources and external means.
- →International expansion not planned; focus remains primarily on Indian market.
- →Overall, improved wind patterns, asset upgrades, and expanded solar capacity are expected to boost revenues and profitability over time.
📈 Profitability & Margins
- →New capacity additions: 28 MW Greenfield projects (18 MW solar, 10 MW wind) expected to commission by April-May FY 2026, adding ~Rs. 36 crores EBITDA annually including repowering benefits.
- →Repowering: 6 MW wind repowering underway, improving plant efficiency and EBITDA contributions.
- →EBITDA growth: Operational improvements, favorable wind season, and repowering led to 14% YoY EBITDA growth in nine months FY 2026.
- →Net profit: Improved by nearly 54% YoY for nine months FY 2026, supported by better wind conditions, machine availability, and reduced finance costs.
- →Dependent on weather: Wind variability affects generation; management optimistic about monsoon and wind outlook.
- →Financing: Upgraded credit rating and refinance efforts aim to reduce interest costs further, supporting profitability.
- →Expansion: Targeting 1 GW capacity via acquisitions; organic growth alone is slower. Discussions ongoing, detailed plans expected in next quarters.
- →Overall: Growth expected from capacity addition, operational efficiency, repowering, and financial optimization leading to improved profits and EPS over next years.
🏗️ Capital Expenditure Plans
- →FY 2026 CAPEX includes spillover for 36 MW capacity, about Rs. 240 crores.
- →FY 2027 CAPEX plans are not finalized yet; company exploring fundraising options for new investments.
- →Rs. 120 crores of new loans expected in next quarter mainly for new wind capacity.
- →New projects: 7 MW solar already commissioned; additional 18 MW solar and 10 MW wind Greenfield targeted for commissioning by April-May 2026.
- →Repowering of 6 MW wind capacity expected to commission by June 2026 (using three 2.1 MW turbines).
- →Repowering guided by Tamil Nadu Repowering Policy; further repowering potential of 35 MW older turbines under consideration.
- →Company aims to reach 1 GW capacity, likely via acquisitions or strategic collaborations; no detailed public plan yet.
- →Focus on hybrid projects combining wind and solar for better land and grid utilization.
💰 Fundraising & Capital Structure
- →The company plans to draw down about Rs. 120 crores of new debt for upcoming wind capacity, so debt will increase slightly next quarter.
- →Interest cost is currently about 9.15%, with ongoing negotiations to reduce it through refinancing or better lending terms.
- →For FY 2027, full CAPEX plans are pending; internal generation may not cover CAPEX needs.
- →The company is exploring fundraising options (debt or equity) to support CAPEX beyond FY 2026 spillover of about Rs. 240 crores.
- →There is no current public preference share (Pref) issue planned by the company.
- →A subsidiary (Delta) may issue Pref shares to select investors, mainly group captive customers.
- →Overall, no definite fundraising is finalized yet; discussions and plans are ongoing and expected to be clearer in upcoming quarters.
📋 Order Book & Pipeline
- →The company has closed contracts for developing around 28 MW of additional Greenfield capacity (18 MW solar + 10 MW wind).
- →These projects are targeted to be commissioned by April-May of FY 2026.
- →The 7 MW solar project was successfully commissioned in Q3 FY 2026.
- →Additional plans include repowering around 6 MW of older wind assets, targeted for commissioning by June of the same fiscal year.
- →For FY 2027, there is a spillover CAPEX of about Rs. 240 crores related to the 36 MW capacity under construction.
- →Fundraising options are being explored for further CAPEX beyond FY 2027.
- →The company is in discussions with multiple parties for achieving a 1 GW capacity but no specific details or timelines for pending orders were disclosed publicly yet.
Key Metrics
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Frequently Asked Questions
What were Orient Green Power Company Ltd Q3 FY26 results?
The company aims to grow capacity to 1 GW, currently at 380 MW, through a mix of Greenfield and Brownfield projects, with discussions underway for acquisitions. New capacity additions: 28 MW Greenfield projects (18 MW solar, 10 MW wind) expected to commission by April-May FY 2026, adding ~Rs.
What is Orient Green Power Company Ltd share price analysis?
Orient Green Power Company Ltd currently shows a neutral. The stock trades at a P/E of 20.9 with a market cap of ₹1,118 Cr. Investors should review the full earnings analysis for detailed insights.
Is Orient Green Power Company Ltd planning capital expenditure?
FY 2026 CAPEX includes spillover for 36 MW capacity, about Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.