NTPC Green Energy Limited Earnings Summary — Q4 FY2026
NTPC Green Energy Reports Strong Q4 Sales Growth with 143% YoY Profit Surge
Key Takeaways
- Revenue witnessed a robust growth of 46.8% YoY, reaching ₹913 Cr in Mar 2026, driven by aggressive capacity commissioning.
- Quarterly net profit surged dramatically to ₹197 Cr, a recovery from the sharp dip seen in the Dec 2025 quarter (₹17 Cr).
- Operating margins remain exceptionally high at 85%, though slightly down from the 86% recorded in the same quarter last year.
- The company is in an intensive capital expenditure phase, with Borrowings ballooning from ₹19,441 Cr to ₹31,716 Cr year-over-year.
- Receivables management has improved significantly with Debtor Days falling from 131 to 78 over the last two fiscal years.
- Interest and Depreciation costs continue to scale rapidly as new solar and wind assets enter the operational phase.
- Free Cash Flow remains deeply negative at -₹12,832 Cr due to the massive build-out of renewable infrastructure.
Management Guidance
Management remains focused on reaching aggressive renewable energy targets, supported by parent NTPC Ltd, with solar and wind projects recently crossing 10.6 GW of operational capacity.
Sentiment Shift
Improving
Outlook
The outlook remains positive for capacity expansion but cautious regarding short-term return ratios. The business model is shifting from construction to operations as projects move from CWIP to Fixed Assets.
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This summary is AI-generated from NTPC Green Energy Limited's latest annual report and public disclosures. It is for informational purposes only and is not investment advice.