Orient Green Power Reports Flat Q3 FY24-25 Results Amid Mixed Financial Indicators

Orient Green Power Company has announced its financial results for the third quarter of FY24-25, revealing a flat performance relative to previous periods. The company has experienced an adjustment in its evaluation, with its score reflecting challenges in financial health.
On a more positive note, the Profit After Tax (PAT) for the half-year period ending December 2024 has shown growth, reaching Rs 40.88 crore, compared to Rs 22.28 crore in the same period last year. The company's debt-equity ratio remains low at 0.54 times, indicating a consistent approach to managing borrowing in relation to equity capital. Additionally, cash and cash equivalents have risen to Rs 186.87 crore, suggesting enhanced short-term liquidity.

However, the company is also navigating several challenges. The operating profit to interest ratio has declined to 0.60 times, the lowest level in five quarters, which may indicate difficulties in meeting interest obligations. Operating profit (PBDIT) has decreased to Rs 10.78 crore, and the operating profit margin has contracted to 31.25%. Furthermore, the profit before tax less other income has fallen to Rs -28.27 crore, highlighting a negative trend in profitability.

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