NTPC Green Energy Limited — Important, 25-01-2025: Financial Result Updates

Revenue from operations for NTPC Green Energy Limited reached ₹460.86 crore for the quarter ended 31 December 2024, marking a growth of 4.93% from ₹442.57 crore in the same quarter last year and an increase from ₹468.67 crore in the previous quarter. Other income surged significantly, primarily due to an interest income of ₹60.40 crore from IPO proceeds, elevating total income to ₹531.21 crore.

Net profit for the quarter improved to ₹89.42 crore compared to ₹58.73 crore year over year, reflecting an increase of 52.34%. Earnings Per Share (EPS) stood at ₹0.11, up from ₹0.12 in the same quarter last year. The improvement in profitability was driven by a combination of revenue growth and controlled operational costs.

Total expenses for the quarter were ₹408.16 crore, a rise from ₹376.59 crore a year ago, largely attributable to increases in finance costs and depreciation. Finance costs were slightly reduced to ₹163.63 crore, while depreciation expenses increased to ₹168.31 crore. These costs contribute to the ongoing capitalization and maintenance of the renewable energy infrastructure being developed by the company.

The balance sheet remains steady with paid-up equity capital of ₹8426.33 crore and other equity totaling ₹544.91 crore. The strong cash inflow from the recent IPO, raising ₹10,000 crore, appears to bolster financial health and provide liquidity for future projects.

Analysts suggest maintaining a buy position for NTPC Green Energy, given its robust growth trajectory, effective cost management, and strategic positioning in the renewable energy sector, although investors should stay cautious regarding market volatility in the energy sector.