Q1 2027 Orient Green Power Company Ltd Earnings Call Transcript
Key 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.
- 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.
Good morning, ladies and gentlemen, and welcome to the earning conference call for Q1 and FY27 for Orient Green Power Company Limited.
(Operator Instructions)
Let us now begin with introduction of the management team. We have with us today Mr. T. Shivaraman, Managing Director and CEO of the company. Also joining us today is Ms. J. Kotteswari, Chief Financial Officer.
I would now like to request Mr. T. Shivaraman, Managing Director and CEO to give his opening remarks and share the company's performance in Q1 FY27 with the audience. Thank you and over to you sir.
Good morning, everyone. I'm pleased to welcome you all to OGPL's earning call for Q1 FY27.
Thank you for joining us today and your continued faith and support in our journey.
We started the quarter by commissioning a 3.3 megawatt wind turbine at the beginning of the quarter. With the 6.6 megawatts commissioned towards the end of the last quarter,
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