Orient Green Power Company Limited — Results, 24-01-2025: Integrated Filing- Financial

Orient Green Power Company Limited (OGPL) has revealed its financial results for the quarter and nine months ending December 31, 2024. Revenue from operations saw a slight increase to ₹34.50 crore, while total income reached ₹40.39 crore. However, EBITDA decreased to ₹16.67 crore, showcasing a decline in EBITDA margin to 41%. The company recorded a loss before tax of ₹22.36 crore, alongside a substantial comprehensive loss of ₹24.56 crore for the quarter.

Strategically, OGPL's board has approved an expansion of solar capacity to 25 MW, surpassing the earlier 19.8 MW plan, with no additional capital required. This project is expected to commence by September 2025. Despite mixed results, the company aims to enhance its financial position with expanding solar operations and improved credit ratings, fostering a cautiously optimistic perspective among investors regarding growth opportunities.