Oriana Power Limited — Updates, 14-11-2024: Press Release

**Financial Highlights**: Oriana Power reported a remarkable revenue growth in H1 FY25, reaching ₹359.54 crore, a significant increase from ₹64.06 crore in H1 FY24. The company posted a profit after tax (PAT) of ₹48.57 crore, an increase of 748% year-on-year, resulting in a basic earnings per share (EPS) of ₹24.84, compared to ₹4.33 in the same period last year. The EBITDA stood at ₹78.40 crore, showing a growth of 569%, with a PAT margin of 13.51%.

**Strategic Initiatives and Growth Drivers**: Oriana is focusing on expanding its capacity with a target of 1 GW in renewable energy by 2026 and is developing an electrolyzer gigafactory. The company has a robust pipeline of over 1,500 MW, alongside constructing projects exceeding 500 MW. With a growing emphasis on e-fuels, green hydrogen, and battery energy storage, they aim to tap into higher growth geographies across India.

**Business Developments**: Key projects include a 100 MW solar park in Haryana and a strategic partnership with a US electrolyzer manufacturer. Oriana has expanded its team from 92 to 166 employees, increasing operational capacity and support for future projects.

**Market Position and Competitive Advantage**: With a strong presence in the EPC and RESCO segments, Oriana is positioned as a leader in renewable energy solutions and has a commendable credit rating from CRISIL. Their accolades reinforce their market standing and attract potential partnerships.

**Investor Implications**: The results indicate a positive outlook for Oriana Power, driven by extensive growth in revenue and capacity expansion. Investors may see substantial returns as the company aligns with India's renewable energy targets, making it an attractive option in the clean energy sector.