$NTPCGREEN

NTPC Green Energy shares are expected to remain in focus on July 23 after the company reported a strong performance for the June quarter. The company posted a 38.3% year-on-year rise in net profit to ₹304.8 crore, compared with ₹220.5 crore in the same period last year. Revenue climbed 62.7% YoY to ₹1,106.9 crore from ₹680.2 crore. EBITDA grew 63.8% year-on-year to ₹988.7 crore from ₹603.6 crore, while the EBITDA margin remained largely stable at 89.3%, up slightly from 88.7% a year earlier. Adding to the positive momentum, Ayana Renewable Power, a wholly owned subsidiary of ONGC NTPC Green Private Ltd—a 50:50 joint venture between NTPC Green Energy and ONGC Green—earlier this month secured a 50 MW wind power project under a Solar Energy Corporation of India (SECI) tender. Ayana was declared the successful bidder in SECI's e-reverse auction for 2,000 MW of ISTS-connected wind power projects after quoting a tariff of ₹3.85 per kWh. On the stock market, NTPC Green Energy shares ended the previous session 1.3% lower at ₹91.30. The stock has a 52-week high of ₹119.93 and a 52-week low of ₹84.08. It is currently trading about 23.9% below its 52-week high and 8.6% above its 52-week low, giving the company a market capitalisation of ₹76,932 crore.