Orient Green Power's Q2 profit jumps 22% year-on-year
Orient Green Power just posted a 22% jump in net profit for Q2, hitting ₹81 crore compared to last year's ₹66.5 crore.
This boost comes from higher income and steady power generation, which also pushed half-year revenues up by 20%.
The company slashed its finance costs by over 20%
The company slashed its finance costs by over 20%, thanks to lower interest rates, timely loan repayments, and better credit ratings. A surprise ₹16 crore refund on excess interest helped too.
With employee costs at just 3.3% of revenue and EBITDA up 16%, they're running a pretty tight ship.
Plans to launch a new solar plant by December
Orient Green Power plans to launch a new 7 MW solar plant by December, as part of its plan to increase total solar capacity to 25 MW by June 2026.
More projects are lined up for next year, aiming to boost future returns—and keep the green energy momentum going.
This growth story isn't just about numbers
This growth story isn't just about numbers; it shows how India's renewable energy sector is picking up speed.
For anyone interested in clean tech or where the future of energy is headed, this is one company worth keeping an eye on.