Business Standard

Orient Green Company Q3 results: Loss at Rs 20 crore, income at Rs 38 cr

It had posted a net profit of Rs 9.74 crore in the October-December period of the preceding 2022-23 financial year, the company said in an exchange filing

Representative image

Representative image

Press Trust of India New Delhi

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Orient Green Power Company Limited (OGPL) on Wednesday reported a consolidated net loss of Rs 20.64 during the quarter ended December 2023.
It had posted a net profit of Rs 9.74 crore in the October-December period of the preceding 2022-23 financial year, the company said in an exchange filing.
Its total income was trimmed to Rs 38.18 crore from Rs 57.33 crore a year ago.
Expenses stood at Rs 60.76 crore against Rs 65.78 crore in the third quarter of the last fiscal.
In a separate statement, its CMD T Shivaraman said, "Our board approved a rights issue for about Rs. 250 crore predominantly for venturing into solar business and debt reduction. The reduced finance cost and a conducive regulatory environment promoting green energy bode well for the future".

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 14 2024 | 8:56 PM IST

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