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NTPC Green Energy reports sharp drop in quarterly profit amid rising expenses

#Taxation & Finance News#Infrastructure#India

Last Updated : 3rd Feb, 2026

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Synopsis

NTPC Green Energy Ltd saw its consolidated net profit fall sharply by 74% to INR 17.32 crore in the December quarter due to rising expenses, despite total income increasing to INR 684.22 crore from INR 581.46 crore a year ago. The company's expenses rose to INR 615.60 crore, highlighting cost pressures in the clean energy sector. NGEL, managing NTPC's renewable projects, continues to expand through both organic and acquisition-led initiatives. The results underscore that while demand for green energy remains strong, careful expense management is essential to sustain profitability.

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NTPC Green Energy Ltd (NGEL) has experienced a significant decline in its consolidated net profit for the December quarter, reporting INR 17.32 crore, a fall of 74% compared to the same period last year. The drop comes despite an increase in total income, which grew to INR 684.22 crore from INR 581.46 crore in the October-December period of the previous financial year, according to a company filing.

The company attributed the profit decline to a sharp rise in expenses, which escalated to INR 615.60 crore from INR 481.22 crore in the corresponding quarter of FY25. NGEL serves as the primary entity managing NTPC's green energy initiatives and undertakes clean energy projects through both organic growth and acquisitions. These projects are part of NTPC's broader strategy to expand its renewable energy portfolio and support India's clean energy transition.

The December quarter performance reflects broader challenges faced by green energy developers, including increased project costs and operational expenses. Analysts note that while revenue growth indicates ongoing demand for renewable energy solutions, cost management remains critical to maintaining profitability in the sector.

Source PTI

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