Orient Green Power Q2 results 2026: profit up 0.8%
Orient Green Power reported consolidated total income of Rs 146.57 crore and profit for the period of Rs 81.57 crore for Q2 FY27.
Published 12 November 2026 · Potoos Research Services
The short answer. Consolidated total income rose 8.2%, EBITDA rose 11.7% and profit for the period rose 0.8% year on year. The same board outcome revised commissioning dates for two wind projects.
Quarter at a glance
Consolidated figures in Rs crore from the company release included with the exchange filing.
| Measure | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Total income | 146.57 | 135.45 | +8.21% |
| EBITDA | 116.55 | 104.31 | +11.73% |
| Profit for the period | 81.57 | 80.94 | +0.78% |
Source: Orient Green Power 11 November exchange filing, company release in the filing. Percentages are recomputed from the stated figures before rounding.
What the filing says about operations
The company says wind availability improved in Q2 compared with the previous quarter and that incremental generation from recently commissioned capacity offset the earlier deficit. This explains the operational commentary around income and EBITDA. Profit for the period rose only 0.8% year on year because the year-ago quarter carried a large one-time gain, explained below. Before exceptional items, profit rose 18.0%, to Rs 80.03 crore from Rs 67.85 crore.
The company release says the previous first half had one-time exceptional income of Rs 16 crore. Note 10 of the consolidated results shows it was booked in the quarter ended 30 September 2025: a Rs 16.24 crore refund of excess interest charged in earlier years, partly offset by a Rs 3.33 crore interest claim, for net exceptional items of Rs 13.01 crore. In Q2 FY27, exceptional items were Rs 1.55 crore, from profit on sale of assets. Note 11 says no current income tax is expected for 2026-27 because of brought-forward tax losses, so profit is close to profit before tax in both quarters.
Wind-project dates revised in the same outcome
The board revised the expected commercial-production dates for two subsidiary projects. For Beta Wind Farm, one 3.3 MW wind turbine is now expected by 31 December 2026 and a second 3.3 MW turbine by 31 January 2027. Clarion Wind Farm's 7.8 MW project is expected by 31 December 2026. The filing says commissioning remains subject to necessary regulatory approvals.
What else was in the outcome?
The board also approved the standalone and consolidated unaudited financial results and a statement on use of the Rs 250 crore rights-issue proceeds. The outcome does not announce a dividend, bonus issue, split or stake sale.
What the auditor noted
In its limited review report on the consolidated results, the auditor draws attention to a note about money the group is still to recover on renewable energy certificates: a difference of Rs 500 per certificate, adding up to Rs 20.71 crore on receivables as on 31 March 2017. The note says the group is confident of a favourable decision on its appeal before the Supreme Court. Because of the delay in recovery, it has set aside the full Rs 20.71 crore as a provision for expected credit losses up to 30 September 2026. The company's note to the results says Rs 4.50 crore of this provision was made in the July to September 2026 quarter, and calls the matter an emphasis of matter in the review report. The auditor states that its conclusion is not modified in respect of this matter. Source: auditor's limited review report on the consolidated results, PDF pages 6 and 7, and note 3 to the consolidated results, PDF page 14.
Sources
- Orient Green Power board outcome and Q2 release. 11 November 2026. Board-outcome items 1 and 2; Key Financial Highlights table; Business Highlights; revised project-timeline table; PDF pages 6 and 7, auditor's limited review report on the consolidated results; PDF page 14, note 3 to the consolidated results.
Sources checked on 11 November 2026. Information cutoff: 11 November 2026, 16:30 IST
Common questions
Is the Rs 16 crore exceptional income part of Q2 FY27?
No. The Rs 16 crore was a refund of excess interest booked in the quarter ended 30 September 2025, so it sits in the comparison quarter. Exceptional items in Q2 FY27 were Rs 1.55 crore, from profit on sale of assets.
What are the revised Beta project dates?
One 3.3 MW turbine is stated for 31 December 2026 and the second 3.3 MW turbine for 31 January 2027, subject to necessary approvals.
Did the outcome announce a dividend?
No dividend is stated in the 11 November outcome.
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