State-owned power generation company NTPC Green Energy delivered robust financial results for Q2FY27, with consolidated net profit jumping 57% year-on-year to ₹137.5 crore, compared with ₹87.6 crore in the corresponding quarter of the previous financial year. According to reports from The Economic Times and CNBC TV18, the company's revenue from operations rose 53.2% YoY to ₹938.2 crore in Q2FY27, from ₹612.3 crore reported in Q2FY26. The strong revenue growth was supported by improved operational efficiency and strategic capacity additions, with the company's revenue from operations for the September 2026 quarter including ₹3.16 crore earned from consultancy, project management and supervision fees, compared with ₹7.15 crore in the year-ago quarter and ₹10.17 crore in the June 2026 quarter.
The company's Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 56.6% YoY to ₹830 crore, compared with ₹530 crore in the year-ago quarter. As reported by The Economic Times, EBITDA margin improved to 88.4% in Q2FY27 from 86.5% in the corresponding quarter last year, indicating enhanced operational efficiency. Total expenses increased 59% YoY to ₹876.03 crore in Q2FY27, compared with ₹551 crore reported in the corresponding quarter of the previous financial year.
On October 29, NTPC Green Energy announced that the fifth part capacity of 95.6 MW of the Kalasar Solar Energy Project in Bikaner, Rajasthan, had been declared commercially operational with effect from 00:00 hours on October 30, 2026. According to The Economic Times, the 95.6 MW capacity is part of the 650 MW solar component under the 500 MW REMCL Round-the-Clock (RTC) Project of NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy. Following this addition, the commercial capacity of the NTPC Green Energy group increased from 11,328.69 MW to 11,424.29 MW.
The Q2 results build on NTPC Green Energy's strong first quarter performance, where the company reported consolidated net profit of ₹305 crore in Q1FY27, representing a 38.2% year-on-year increase from ₹221 crore in the corresponding period last year. As reported by the company's earnings filing, revenue from operations climbed 62.7% to ₹1,109 crore, crossing the ₹1,100-crore mark for the first time from ₹680 crore a year earlier. The company's EBITDA increased 63.8% year-on-year to ₹989 crore, with EBITDA margin expanding to 89.3% from 88.7%, reflecting sustained operational efficiency across both quarters.
