Orient Green Power Company Ltd

Q4 FY26Power

Orient Green Power Company Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹9

Market cap₹1.1K Cr

P/E20.9

Updated23 Aug 2026

Read4 min read

The short version

Expansion plans focus primarily on wind capacity, as it constitutes the majority of current assets. FY26 marked highest profits in company history, with PAT growing 70% to INR 72 crores.

From Orient Green Power Company Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Expansion plans focus primarily on wind capacity, as it constitutes the majority of current assets.
Solar capacity growth will be cautious due to existing afternoon power glut; battery storage integration for solar is being considered to provide 24x7 power.
Recent additions include 9.9 MW wind (commissioned FY26) and 17.6 MW solar (to be commissioned Q1 FY27 with full production by Q2).
Revenue from new solar project expected around INR 14.5 crores annually; wind expansion (9.9 MW) expected to bring ~INR 14 crores annually, assuming normal conditions.
Repowering older wind turbines under new policies expected to add capacity throughout the year.
No significant curtailment issues currently; ongoing monitoring during peak wind seasons.
Overall, capacity additions and repowering will drive revenue growth and operational efficiency in FY27 and FY28, but wind season variability affects quarterly revenue patterns.

Profitability & Margins

FY26 marked highest profits in company history, with PAT growing 70% to INR 72 crores.
Wind expansion remains the primary growth driver due to larger wind capacity compared to solar.
Solar expansion is cautious due to afternoon power glut; exploring battery storage to provide 24x7 power.
Capacity additions: 9.9 MW wind added in FY26; 17.6 MW solar under construction, expected full production by Q2 FY27.
Repowering older wind turbines under new Tamil Nadu policy to improve efficiency.
No significant curtailment issues anticipated; technical curtailments minimal historically.
Revenue from new projects in FY27 expected: ~INR 14 crores (9.9 MW wind), ~INR 14.5 crores (17.6 MW solar).
Profitability in Q1 FY27 depends on wind seasonality; comparisons should be made year-over-year.
Strategic expansions may require external equity; internal resources can support small expansions only.
Management committed to improving shareholder value and operational performance year-on-year.

See what Orient Green Power Company Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Recently commissioned 9.9 MW wind capacity (6.6 MW in March ‘26, 3.3 MW in April ‘26).
Under construction: 17.6 MW solar capacity, expected commissioning in Q1 FY27 and full production by Q2 FY27.
Repowering 7.8 MW older wind turbines under Tamil Nadu's New Repowering Policy; evaluating more repowering opportunities this year.
Focus on adding repowering capacities, including hybrid wind and solar options.
No major new large-scale projects announced yet; strategic acquisitions considered but currently slowed due to market volatility.
Internal resources planned to fund small expansions; significant capacity additions will require external equity funding.
Exploring options to add battery storage to solar assets to provide 24x7 power.
Management working 24x7 to enhance shareholder value and improve performance.

Top-ranked in Power

Ranked on what management guided this quarter

5x potential

1Insolation Ener₹2.0K Cr

Rev 1Mar 1

2ACME Solar Hold.₹28.4K Cr

Rev 1Mar 3

3₹16.8K Cr

Rev 1Mar 3

4₹4.0L Cr

Rev 2Mar 3

5₹1.7L Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company is exploring all options for future fundraising, including preferential issues, rights issues, and external equity sources, especially for large-scale expansions.
Currently, internal resources support small capacity additions (e.g., 9.9 MW wind expansion), but anything larger will require external equity.
Management is working on strategic initiatives and waiting for market stability to move forward with asset acquisitions and related financing.
No specific timeline is confirmed for new fundraising; clarity is expected in the next quarter.
Loan repayments continue using surplus cash flow, but these repayments won’t fund major expansions.
Discussions about involving foreign or PE investors are ongoing but no definitive arrangements have been announced yet.

See what Orient Green Power Company Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention any current or expected order book or pending orders for Orient Green Power Company Limited. However, some relevant points related to projects and capacity additions include: - Recently added 9.9 MW wind capacity (6.6 MW in March '26 and 3.3 MW in April '26). - Under construction: 17.6 MW solar capacity expected to be commissioned in Q1 FY27, with full production by Q2 FY27. - Ongoing repowering of 7.8 MW older wind turbines under the Government of Tamil Nadu's new repowering policy. - Focus on internal projects while strategic initiatives for larger acquisitions are underway but delayed due to market conditions. - No specific details or figures on orderbook or pending orders mentioned during the call. Hence, capacity expansions are progressing primarily via internal projects and repowering, with external acquisitions considered but no confirmed orders disclosed.

Orient Green Power Company Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹39 Cr, net loss ₹17 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Orient Green Power Company Ltd's management said in earlier quarters

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Tata Power Company Ltd (Q4 FY26)
Overall power demand is rising (5-6% increase since April), supporting higher volumes and revenue growth. Key concall takeaways from Tata Power Co.'s Q4 FY26…

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Frequently Asked Questions

What were Orient Green Power Company Ltd Q4 FY26 results?

Expansion plans focus primarily on wind capacity, as it constitutes the majority of current assets. FY26 marked highest profits in company history, with PAT growing 70% to INR 72 crores.

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?

Recently commissioned 9.9 MW wind capacity (6.6 MW in March ‘26, 3.3 MW in April ‘26).

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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.