NTPC Green Q4 Profit Jumps 188% on Strong Revenue

NTPC Green Q4 Profit Jumps 188% on Strong Revenue

NTPC Green Energy Ltd., a subsidiary of India’s largest power generator, reported a more than three-fold jump in its fourth-quarter net profit, buoyed by robust revenue growth and operational efficiency.

For the quarter ended March 31, 2025, the company posted a consolidated net profit of ₹233.21 crore, up sharply from ₹80.95 crore in the same quarter last year — a 188% increase year-on-year. Total income for the quarter rose nearly 36% on YoY to ₹751.5 crore, driven primarily by higher revenue from operations and other income streams.

On a full-year basis, the company’s net profit rose 38% to ₹474.12 crore in FY25, compared with ₹342.86 crore in FY24. Total income grew 21% year-on-year to ₹2,465.70 crore, supported by increased renewable energy generation and better realization of green power tariffs.

Operating costs, however, also climbed significantly, with total expenses for FY25 up nearly 17% to ₹1,811.84 crore. Higher depreciation, finance costs, and employee-related expenses contributed to the rise in costs as the company scaled up capacity and commissioned new projects.

NTPC Green’s profit before tax for FY25 rose over 34%, indicating improved margins despite the increase in operational expenses.

The company’s financial position strengthened considerably. Total assets nearly doubled to over ₹45,000 crore by the end of March 2025, reflecting ongoing capacity expansion and capital investments. Capital work-in-progress and investments in joint ventures formed a significant portion of the asset growth.

On the liabilities side, borrowings increased as the company secured additional funding to finance its expansion. Equity infusions through share issues and premium raised during the year also bolstered the capital base, helping maintain a healthy debt-equity mix.

Cash flow from operations improved, supported by stronger profitability and better working capital management, though the company reported a net cash outflow on account of heavy capital expenditure.

NTPC Green Energy is spearheading the parent group’s transition to clean energy and is actively expanding its solar and wind portfolio to align with India’s 500 GW non-fossil fuel target by 2030.