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NTPC Green Energy just lit up the Street with a three-fold jump in quarterly profit. The company reported a net profit of Rs 233 crore in Q4 FY25, up a solid 188 per cent year-on-year. Revenues also rose 22 per cent to Rs 622 crore.
But here's the twist: a big chunk of the company's profit came from 'other income', thanks largely to interest earned on IPO proceeds. So, while the headline numbers shine, investors may want to look under the hood.
NTPC Green Q4 FY25 performance summary
| Metric | Q4 FY25 | Q4 FY24 | YoY change |
|---|---|---|---|
| Net profit | Rs 233 crore | Rs 81 crore | 188 per cent |
| Revenue | Rs 622 crore | Rs 508 crore | 22 per cent |
| EBITDA | Rs 560 crore | Rs 436 crore | 28 per cent |
| EBITDA margin | 90 per cent | 86 per cent | +400 bps |
| Other income | Rs 129 crore | Rs 45 crore | 187 per cent |
Much of the EBITDA boost came from tighter cost control and improved operating efficiency. But the real kicker was 'other income', up from Rs 45 crore to Rs 129 crore.
About NTPC Green Energy
NTPC Green Energy is the renewable energy arm of NTPC Limited, India's largest power producer. It focuses on solar, wind and green hydrogen, and plays a key role in NTPC's target of 60 GW renewable capacity by 2032.
Below is a summary of the company's fundamentals.
| Metric | Value |
|---|---|
| Market cap | Rs 86,707 crore |
| ROE | 6.2 per cent |
| ROCE | 8 per cent |
| P/E ratio | 251.5 |
| P/B ratio | 4.8 |
| Book value | Rs 10.1 |
| EPS | Rs 0.6 |
The bottom line
If you're bullish on India's green energy transition, NTPC Green Energy's Q4 results will reinforce your conviction. Margins are strong, and the balance sheet is looking healthier.
But with valuations heating up and a portion of profits riding on non-operational levers, it's a stock that deserves enthusiasm, tempered with scrutiny.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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