NTPC Green Energy Limited, a subsidiary of NTPC Limited, has reported its unaudited financial results for the quarter and nine months ending December 31, 2024. The results reflect the company’s continued efforts in renewable energy generation and financial management.
For the quarter, the company generated revenue of ₹460.86 crore from operations, compared to ₹442.57 crore in the same period last year. The total income for the quarter, including other income, stood at ₹531.21 crore, reflecting an increase from ₹459.89 crore during the same period in 2023. Other income, which includes interest earned on IPO proceeds, rose significantly to ₹70.35 crore from ₹17.32 crore.
Expenses during the quarter amounted to ₹408.16 crore, primarily driven by finance costs of ₹163.63 crore and depreciation expenses of ₹168.31 crore. Despite these, the company achieved a profit before tax of ₹123.05 crore, an improvement over the ₹83.30 crore reported for the corresponding period last year. After accounting for taxes, the profit for the quarter stood at ₹89.42 crore, compared to ₹58.73 crore in the previous year.
For the nine months ending December 31, 2024, the company recorded revenue of ₹1,473.90 crore and total income of ₹1,586.74 crore. Profit for this period reached ₹284.14 crore, up from ₹266.28 crore in the same period of 2023. The results highlight consistent growth in both operational efficiency and financial performance.
The consolidated financial results, which include contributions from subsidiaries and joint ventures, revealed a total income of ₹581.46 crore for the quarter, with a profit after tax of ₹65.61 crore. The consolidated nine-month figures showed revenue of ₹1,587.37 crore and a profit of ₹240.91 crore. These results were impacted by the performance of joint ventures and subsidiaries, reflecting the group’s broader engagement in renewable energy projects.
A significant development for the company during this period was its Initial Public Offering (IPO), which raised ₹10,000 crore. The IPO included a fresh issue of over 92 crore equity shares, with some shares offered to employees at a discounted rate. Following the IPO, the company’s equity shares were listed on the National Stock Exchange and Bombay Stock Exchange on November 27, 2024.
The statutory auditors conducted a limited review of the financial statements, confirming compliance with applicable accounting standards. The company reaffirmed its focus on renewable energy generation, reporting no significant deviations in fund utilization from IPO proceeds.
This financial performance reflects NTPC Green Energy Limited’s commitment to sustainable energy and its effective financial strategies. With its expanding portfolio and robust financial health, the company is well-positioned for continued growth in the renewable energy sector.
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