Daijiworld Media Network - Mumbai

Mumbai, Nov 12: Shares of Orient Green Power Company rose on Thursday after the company announced its unaudited financial results for the second quarter and half-year ended September 30, 2026, along with details of its renewable energy expansion plans.

The stock opened at Rs 9.38 on the BSE, up 0.64 per cent from its previous close of Rs 9.32. It later touched an intraday high of Rs 9.55, gaining 2.46 per cent. The stock was last trading at Rs 9.49, up 1.82 per cent, giving the company a market capitalisation of Rs 1,113.21 crore.

The company reported a consolidated net profit of Rs 106 crore for the first half of FY27, with an EBITDA margin of 76 per cent. Although the profit was lower than in the corresponding period of the previous financial year, the company maintained earnings above Rs 100 crore through capacity additions and improved credit ratings.

The company attributed the decline in net profit partly to exceptional income of Rs 16 crore recorded during the first half of the previous financial year.

As part of its solar expansion, Orient Green Power commissioned a 17.6 MW solar plant during the second quarter. Together with an earlier commissioned 7 MW plant, its total solar capacity in Tamil Nadu has now reached 24.6 MW, fulfilling one of the key objectives of its rights issue.

The company has also entered into an Engineering, Procurement and Construction (EPC) contract to expand its wind power capacity by 6.6 MW.

The stock has a 52-week low of Rs 7.60, recorded on October 26, 2026, and a 52-week high of Rs 13.83, reached on November 20, 2025. According to BSE Analytics, the stock has delivered returns of 89.84 per cent over five years. However, it has declined 17.70 per cent so far this year, compared with a 3.49 per cent correction in the benchmark index.