Orient Green Power Company Limited — Important, 24-01-2025: Financial Result Updates

**Consolidated Financial Summary for Q3 FY25**

Orient Green Power Company Limited has reported its consolidated financial results for the quarter and nine months ended December 31, 2024.

Revenue from operations showed a slight increase, reaching ₹34.50 crore compared to ₹33.98 crore in the corresponding quarter of the previous year, marking a growth of 1.53%. Total income for the quarter was ₹40.39 crore, up from ₹38.18 crore year-over-year, attributed to improved operational efficiencies and some recovery in market demand.

However, the company reported a net loss of ₹22.36 crore for Q3 FY25, a deterioration from a loss of ₹20.64 crore in the same quarter last year. Losses were influenced by increased finance costs, which totaled ₹17.88 crore, alongside significant depreciation charges of ₹21.17 crore. This resulted in an Earnings Per Share (EPS) of (₹0.20), reflecting a challenging operating environment.

Operational costs rose to ₹62.77 crore, primarily driven by maintenance and employee benefits, resulting in an increase of approximately 2%. This indicates potential areas for cost management improvements moving forward.

Strategically, the board has approved an expansion of solar capacity to 25 MW as opposed to the initial plan of 19.8 MW, signaling a focus on enhancing renewable energy output with no additional capital outlay required. Comments from management suggest optimism regarding future revenue improvements through debt expansions and innovation.

Investor insight leans towards holding, given the mixed results; while the growth in revenue is encouraging, the rising costs and ongoing losses demand careful monitoring.