Markets

NTPC Green Energy Shares Rise 3% on Strong June Quarter Earnings

AI Notice: Content is aggregated and summarized using Artificial Intelligence. Details may contain inaccuracies. Please verify facts independently before making financial or investment decisions.

On July 23, NTPC Green Energy shares opened higher, gaining 3.38% to Rs 94.39 at 09:18 a.m. on the BSE. The rise followed the company’s announcement of strong results for the June quarter. Investors reacted positively to the earnings report.

The company’s net profit jumped 38.3% year‑on‑year, reaching ₹304.8 crore from ₹220.5 crore. Revenue also surged, rising 62.7% to ₹1,106.9 crore from ₹680.2 crore. These gains show a healthy growth trend.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 63.8% YoY to ₹988.7 crore from ₹603.6 crore. EBITDA margin remained stable at 89.3%, slightly higher than 88.7% in the same quarter last year.

In the previous trading session, the stock closed 1.3% lower at ₹91.30. It has reached a 52‑week high of ₹119.93 and a low of ₹84.08. Today it trades almost 24% below the high and 9% above the low.

Ayana Renewable Power, a wholly owned subsidiary of ONGC NTPC Green Private Ltd, won a 50‑MW wind project in the SECI wind tender earlier this month. The win adds to the company’s renewable portfolio.

Ayana also emerged as the winner of the SECI e‑reverse auction for 2,000 MW ISTS‑connected wind projects. It quoted a tariff of ₹3.85 per kWh, which is competitive in the market.

ONGC NTPC Green Private Ltd is a 50:50 joint venture between NTPC Green Energy and ONGC Green. The partnership focuses on developing green energy assets across India.

NTPC Green Energy’s market capitalisation stands at ₹76,932 crore. The stock’s performance reflects investor confidence in its growing renewable energy business.