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India's Orient Green Power Q2 revenue rises on improved wind, solar generation

By Reuters News


Overview

  • India renewable power producer's Q2 revenue rose 8% yr/yr, net profit up 1%

  • Company cites improved wind conditions and new solar, wind capacity for growth

  • Company revised commissioning dates for new wind projects


Outlook

  • Company expects 3.3 MW wind turbine at Beta to start by Dec 31, 2026

  • Second 3.3 MW wind turbine at Beta expected to commence by Jan 31, 2027

  • Clarion 7.8 MW wind project targeted for commercial production by Dec 31, 2026


Result Drivers

  • IMPROVED WIND CONDITIONS - Co said better wind conditions and new solar, wind capacity additions drove higher generation

  • SOLAR CAPACITY ADDITION - Recently commissioned solar plants contributed to incremental generation


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Consol Revenue from continuing OPS

INR 1.43 bln

Q2 Consol Net Profit

INR 806.40 mln


Reuters Recommended Reads

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  • Nov 9 - OPAL Fuels Q3 adj EBITDA edges past estimates on higher RNG output, higher fuel station margins

  • Nov 9 - Plug Power Q3 revenue slightly beats estimates on margin improvement, lower operating costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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