Orient Green Power Share Price Rises 4% After Q2 Results; H1 Profit Crosses Rs 100 Cr, EBITDA Margin Hits 76%

Orient Green Power Company Ltd shares rose on Thursday, November 12, after the renewable energy producer announced its financial results for the September quarter and first half of FY27. The company reported growth in operating income and earnings before interest, tax, depreciation and amortisation (EBITDA), supported by improved wind conditions and additional power generation from recently commissioned capacities.

The company also reported a strong EBITDA margin, although its net profit was lower than the year-ago period due to a one-time gain recorded last year.

Orient Green Power Share Price Today

Orient Green Power shares were trading at Rs 9.42 on Thursday, November 12, up 1.07% at around 1:32 pm. The penny stock had gained as much as 4.50% during the opening minutes of the trading session but failed to sustain its gains as investors booked profits at higher levels.

Orient Green Power Company Limited reported a consolidated net profit of Rs 106 crore for the first half of FY27, supported by better wind availability, fresh solar capacity and lower pressure from the generation deficit seen earlier in the year. The Chennai-based renewable energy company said its EBITDA margin for H1 FY27 stood at 76%, underscoring operating leverage in its wind-led portfolio.

For Q2 FY27, Orient Green Power reported consolidated total income of Rs 147 crore, up 8% year-on-year. EBITDA rose 12% to ₹117 crore, while the quarterly EBITDA margin expanded to 80%, improving by 251 basis points from the year-ago period. The company attributed the improvement to better wind conditions and additional generation from recently commissioned capacity.

For H1 FY27, consolidated total income stood at ₹233 crore, up 2% year-on-year. EBITDA increased 4% to Rs 177 crore. The EBITDA margin for the six-month period improved by 147 basis points to 76%. The management said the second quarter helped reverse the generation deficit witnessed in the first quarter, resulting in a marginal surplus for the half year.

Net profit for the first half was lower than the previous year's comparable figure because H1 FY26 included exceptional income of ₹16 crore. Excluding that one-off gain, the company indicated that its underlying performance was sustained by capacity additions and improved credit ratings. These factors are important for renewable power producers, where financing cost and plant availability can materially affect profitability.

Orient Green Power commissioned 17.6 MW of solar capacity during Q2 FY27. Along with a 7 MW solar plant commissioned in the previous fiscal, its total solar capacity has reached 24.6 MW. The company said this fulfilled one of the stated objectives of its rights issue, linking fresh capital deployment with operating capacity expansion.

The company's existing portfolio remains primarily wind-based. It operates about 381.7 MW of wind power capacity across Tamil Nadu, Andhra Pradesh, Gujarat and Karnataka, along with a 10.5 MW wind farm in Croatia. The growing solar base gives the company a modest but useful diversification, especially because wind generation is seasonal and depends on wind patterns across operating locations.

Managing Director and CEO T Shivaraman said wind availability improved in the current quarter compared with moderate wind in the previous quarter. "Coupled with the incremental generation from recently commissioned solar and wind capacities, the generation deficit witnessed in the previous quarter was reversed and surplus generation was achieved. This resulted in marginal improvement in operational profits for the first half of current fiscal," he said.