Orient Green Power Company Ltd's Q3FY25 Quarter Results
- 25 Jan 2025
Result Summary
- Orient Green Power Company Ltd reported a 68.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.8%.
- Its expenses for the quarter were up by 2.0% QoQ and 3.3% YoY.
- The net profit decreased 133.7% QoQ and increased 8.6% YoY.
- The earnings per share (EPS) of Orient Green Power Company Ltd declined at 0.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 40.39 | 126.13 | 38.18 | -68.0% | 5.8% |
Total Expenses | 62.77 | 61.54 | 60.76 | 2.0% | 3.3% |
Profit Before Tax | -22.36 | 66.46 | -20.64 | -133.6% | 8.3% |
Tax | 0.05 | 0.00 | 0.00 | - | - |
Profit After Tax | -22.41 | 66.46 | -20.64 | -133.7% | 8.6% |
Earnings Per Share | -0.20 | 0.60 | -0.20 | -133.3% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Orient Green Power Company Ltd is primarily engaged in the renewable energy sector, focusing on the generation of power through wind and biomass sources. As a prominent player within the clean energy industry, the company aims to provide sustainable energy solutions. While specific recent developments are not available in the provided data, the company's overarching goal remains to expand its renewable energy capacity and contribute to environmental sustainability. The company operates in a highly dynamic industry where policy changes and technological advancements can significantly influence operations.
Revenue
During the third quarter of the fiscal year 2025 (Q3FY25), Orient Green Power Company Ltd reported a total income of ₹40.39 crores. This marks a substantial decrease of 68.0% from the previous quarter (Q2FY25), where the total income was ₹126.13 crores. However, on a year-over-year (YoY) basis, there is a slight increase of 5.8% from ₹38.18 crores in Q3FY24. The fluctuations in total income over these periods may reflect variations in operational capacity or external market conditions affecting revenue generation.
Profitability
For the quarter ending Q3FY25, Orient Green Power Company Ltd recorded a loss before tax of ₹22.36 crores, a stark contrast to the profit of ₹66.46 crores in Q2FY25. This represents a quarter-over-quarter (QoQ) decline in profitability of 133.6%. Compared to the same quarter in the previous year (Q3FY24), where the loss before tax was ₹20.64 crores, the YoY change is an 8.3% increase in losses. The profit after tax for Q3FY25 matches the pre-tax loss, indicating minimal tax expenses. Earnings per share (EPS) in Q3FY25 stood at -₹0.20, compared to ₹0.60 in Q2FY25 and -₹0.20 in Q3FY24, showing a consistent EPS YoY but a significant decrease QoQ.
Operating Metrics
Total expenses for the quarter Q3FY25 amounted to ₹62.77 crores, which is a slight increase of 2.0% from ₹61.54 crores in Q2FY25 and a 3.3% increase from ₹60.76 crores in Q3FY24. The increase in expenses, despite the decrease in income, may contribute to the reported loss for the quarter. The tax expense remained negligible throughout the periods reported, maintaining at ₹0.05 crores in Q3FY25 compared to zero in previous quarters. The absence of significant tax expenses suggests stable tax liabilities or effective tax planning strategies.
