Orient Green Power Co Ltd (BOM:533263) Q1 2027 Earnings Call Highlights: Navigating Challenges ...

This article first appeared on GuruFocus .

• Revenue from Operations:INR 81.43 crores, a decrease of 7% compared to Q1 FY26.

• EBITDA:INR 3.01 crores, down by 9% from Q1 FY26.

• Profit After Tax (PAT):INR 23.94 crores, 16% lower than the corresponding period last year.

• Incremental Wind Capacity:9.9 megawatts available for operation this quarter.

• New Solar Power Plant:7 megawatts commissioned in December 2025.

• Ongoing Solar Capacity Expansion:17.6 megawatts under implementation.

• Repowering of Wind Assets:7.8 megawatts under the new wind repowering scheme.

• Warning! GuruFocus has detected 4 Warning Signs with BOM:533263.

• Is BOM:533263 fairly valued? Test your thesis with our free DCF calculator.

Release Date: July 27, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript .

Positive Points

• Orient Green Power Co Ltd ( BOM:533263 ) commissioned a 3.3 MW wind turbine and a 7 MW solar power plant, adding to their operational capacity.

• The company is progressing satisfactorily with a 17.6 MW solar capacity expansion and a 7.8 MW repowering of old wind assets.

• Despite lower wind availability, the new capacity helped mitigate the shortfall, allowing the company to come close to last year's numbers.

• The financial and liquidity position remains healthy, with interest costs under control and efforts to reduce borrowing costs.

• The company is exploring solar and battery storage opportunities, which could enhance future profitability.

Negative Points

• Revenue from operations and EBITDA decreased by 7% and 9% respectively compared to Q1 FY26 due to lower wind availability.

• PAT for the quarter was 16% lower than the previous year, impacted by reduced interest income and increased depreciation.

• The company faces challenges in raising capital due to a low stock price, affecting expansion plans.

• There are delays in project approvals due to government changes, impacting timelines for capacity additions.

• The company is heavily reliant on wind availability, which is unpredictable and affects revenue projections.

Q & A Highlights

Q: What is the plan for expanding to a 1 GW operation given the current stock price and financial constraints? A: T. Shivaraman, CEO, stated that while the company is working towards the 1 GW target, financial constraints and market conditions have slowed progress. They are exploring options for fundraise and leveraging existing assets to expand capacity.

Q: How does the current wind season compare to last year, and what is the potential for repowering? A: The current wind season is not as favorable as last year, but similar to the year before. The company is undertaking a 7.8 MW repowering project and evaluating further opportunities, though challenges exist due to site constraints and economic considerations.