NTPC Green Energy Q4 Profit Surges Nearly Threefold To Rs 233 Crore

The robust performance caps off a milestone year for NGEL, which completed its highly anticipated Initial Public Offering (IPO) in FY25

The robust performance caps off a milestone year for NGEL, which completed its highly anticipated Initial Public Offering in FY25

Source : NTPC

NTPC Green Energy Limited (NGEL), the renewable energy subsidiary of NTPC, reported a sharp increase in its consolidated net profit for the March 2025 quarter, marking a nearly threefold jump to Rs 233.21 crore. The strong earnings were supported by a notable rise in income during the period, the company disclosed in a regulatory filing on Wednesday.

In the corresponding quarter of the previous financial year (Q4 FY24), NGEL had posted a net profit of Rs 80.95 crore. Total income for the quarter surged to Rs 751.50 crore, up from Rs 553.06 crore recorded during the same period last year. Meanwhile, expenses in Q4 FY25 rose marginally to Rs 444.63 crore from Rs 425.84 crore a year earlier.

NGEL IPO

The robust performance caps off a milestone year for NGEL, which completed its highly anticipated Initial Public Offering (IPO) in FY25. The IPO included a fresh issue of 92.63 crore equity shares with a face value of Rs 10 each, priced at Rs 108 per share. A portion of this offering, 87.2 lakh shares, was allocated to eligible employees at a discounted rate of Rs 103 per share.

Through the offering, NGEL raised Rs 10,000 crore, marking one of the significant public listings in the renewable energy space. The company’s shares were listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on November 27, 2024.

Looking ahead, NGEL is actively expanding its green footprint. The company has secured leasehold land for a 33-year term in Andhra Pradesh to establish a Green Hydrogen Hub, positioning itself at the forefront of India’s clean energy transition.

As NTPC’s dedicated green energy platform, NGEL plays a critical role in achieving the group’s ambitious target of installing 60 GW of renewable energy capacity by FY32. The company is pursuing this goal through a mix of organic growth and strategic acquisitions, reaffirming its position as a key driver of India’s decarbonisation efforts.