Orient Green Power Q2FY25 results: Orient Green Power Company Ltd (NSE: GREENPOWER) integrated net profit for the July-September quarter of the current financial year 2024-25 declined by 11 % to Rs 66.46 crore.
The company made profits of around 75 crore rupees in the same time frame one year ago. Meanwhile, during trading on Monday, the company’s share rose by 3% to an intraday high of Rs 19.25.
What did the company say?
Orient Green Power Company Ltd said in a statement on Monday that its total income in the second quarter of the current financial year increased to Rs 126.13 crore from Rs 124.10 crore in the same period of the previous financial year.
An independent producer of renewable energy
As of June 20, 2022, the company owned a portfolio of 402.3 MW of wind assets that were spread over the state comprising Tamil Nadu, Andhra Pradesh, Gujarat, and Karnataka.
The project also includes the 10.5 MW wind turbine located in Croatia, Europe. We will tell our readers this: Shriram Group, through Shriram EPC, is currently the largest shareholder in the company, with an ownership stake of 49 %.
The US-based venture capital fund Bessemer Ventures Partners and Hong Hong Kong-based private equity investment firm Olympus Capital Holdings Asia are other major investors.
The condition of the company’s shares
Orient Green Power Company Ltd’s stock has fallen -17.42% (YTD) so far this year. It has fallen by -1.20% in a year and by about -1.72% in the last six months.
However, in the last five years, this stock has climbed more than 1,072.05%. During this period, the price of this stock has increased from Rs 1 to the current price.
The 52-week high price of this share of the firm is 31.88 rupees and the low price for the 52-week is 15.41 rupees. The market value that the business has is 2,202.95 crore rupees.
Quick Fact
| Company name | Orient Green Power |
|---|---|
| Stock price | ₹18.87 (0.96% up) |
| Net profit Q2 FY25 | ₹66.46 crore (↓11%) |
| Previous net profit (YoY) | ₹75 crore |
| Income Q2 FY25 | ₹126.13 crore |
| Previous income (YoY) | ₹124.10 crore |
| Business Type | Renewable energy |
| Primary asset type | Wind assets |
| Total wind capacity | 402.3 MW |
| India asset location | Tamil Nadu, Andhra Pradesh, Gujarat, Karnataka |
| International asset | 10.5 MW (Croatia, Europe) |
| Major shareholder | Shriram Group (via Shriram EPC) |
| Ownership stake | 49% |
| Other investors | Bessemer Ventures Partners (US), Olympus Capital Holdings Asia (Hong Kong) |
| Stock performance YTD | -17.42% |
| Stock performance 1 year | -1.20% |
| Stock performance 6 months | -1.72% |
| Stock performance 5 years | 1,072.05% |
| 52-week high | ₹31.88 |
| 52-week low | ₹15.41 |
| Market capitalization | ₹2,202.95 crore |
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