New Delhi: NTPC Green Energy Ltd (NGEL) has posted a 59 per cent year-on-year rise in consolidated net profit to Rs 220.48 crore in June quarter, driven by higher revenues.
NGEL, the green portfolio entity of power giant NTPC Ltd, had clocked a net profit of Rs 138.61 crore in Q1 FY25.
The company increased its total income to Rs 751.69 crore in the latest April-June quarter, up 24 per cent from Rs 607.43 crore recorded in the same period a year ago.
Its expenses were at Rs 492.55 crore as against Rs 423.99 crore in the corresponding quarter last fiscal.
NGEL, an umbrella company for green business initiatives of NTPC, undertakes projects through organic and inorganic routes and aims to be the flag-bearer of NTPC’s green energy journey to achieve the ambitious target of 60 gugawatt (GW) by FY32.
The company completed its IPO, comprising a fresh issuance of 92,63,29,669 equity shares with a face value of Rs 10 each, during FY25.
The IPO raised a total of Rs 10,000 crore and the company’s equity shares were subsequently listed on the NSE and the BSE on November 27, 2024.