NTPC Green Energy Limited’s Q3 FY25 results saw a mixed market reaction, with its shares dropping by more than 2%. As of 9:44 AM, the shares were trading 1.99% lower at Rs 110.08.
The firm reported a net profit of ₹65.61 crore for the quarter, which was 18% more than the ₹55.61 crore it made in Q3 of FY24. Operational revenue increased by an outstanding 13% year over year to ₹505.08 crore from ₹446.14 crore in the same quarter of the previous year. Due in major part to a sharp increase in other revenue, which rose from ₹17.32 crore to ₹76.38 crore, total income increased by 25.5% to ₹581.46 crore.
In terms of expenditure, NTPC Green Energy saw a rise in expenses during the quarter. Employee benefits, financing costs, and depreciation all saw significant increases in total expenses, which increased from ₹383.28 crore in Q3 FY24 to ₹482.22 crore. Finance expenditures increased to ₹208.10 crore from ₹173.55 crore YoY, while employee benefits spending almost doubled to ₹18.92 crore. The company’s profit before tax (PBT) rose by 23.8% to ₹99.24 crore in spite of these elevated expenses.
Compared to ₹0.12 in the same quarter previous year, earnings per share (EPS) for Q3 FY25 were ₹0.08, indicating the impact of an increased equity base.
NTPC Green Energy shares opened at ₹110.83, with a high of ₹111.00 and a low of ₹107.90 on the day. The stock has reached a 52-week high of ₹155.35 and a 52-week low of ₹107.90.
In the meantime, on January 24, 2025, NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited, secured a 300 MW solar project in NHPC Limited’s e-reverse auction. This project, which includes a 150 MW/300 MWh energy storage system, was awarded at a tariff of ₹3.09/kWh. The project is part of a larger initiative to set up 1.2 GW ISTS-connected solar power projects across India.
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