NTPC Green Energy shares fell over 3% in early morning trade on Friday after the company reported its Q3 FY26 consolidated results, which showed a sharp decline in net profit despite strong growth in revenue and operating performance.
The stock came under pressure as investors reacted to the steep drop in bottom-line numbers, even though the renewable energy major delivered robust year-on-year growth in both revenue and EBITDA during the quarter.
For Q3 FY26, NTPC Green Energy posted consolidated revenue of ₹653 crore, marking a 29.3% increase compared with ₹505 crore in the same period last year. The rise in revenue reflects continued capacity additions and higher generation from renewable assets, supported by long-term power purchase agreements.
Operating performance remained strong during the quarter. EBITDA rose 34% year-on-year to ₹567 crore from ₹424 crore, while EBITDA margin expanded to 86.9% from 83.9% in Q3 FY25. The improvement in margins highlights better operating leverage and stable cost structures across the company’s renewable portfolio.
However, net profit saw a significant decline, which weighed heavily on market sentiment. Consolidated net profit for the quarter fell 73.4% year-on-year to ₹17.5 crore, compared with ₹65.6 crore in the corresponding quarter last year.
