NTPC Green Energy Q3 profit grows 18% to ₹66 crore

NTPC Green Energy Ltd (NGEL) on Saturday (January 25, 2025) reported an 18% rise in consolidated net profit at ₹65.61 crore for the December quarter FY25, on account of higher income.

It had logged ₹55.61 crore net profit in the year-ago quarter, the company said in an exchange filing.

Total income rose to ₹581.46 crore from ₹463.46 crore. Expenses were at ₹482.22 crore as against ₹383.28 crore.

Recently listed NGEL is an umbrella company for the green business initiatives of NTPC and undertakes projects through organic and inorganic routes.

On Friday (January 24, 2025), NGEL said its arm NTPC Renewable Energy Limited (NTPC REL) has won a 300 megawatt (MW) solar project from NHPC bidder in the e-reverse auction conducted by NHPC.