Oriana Power Reports Audited FY26 Results, Highlights Expansion in Solar, BESS, and Green Hydrogen
Oriana Power Limited has released its audited financial results for the Half Year and Financial Year ended March 31, 2026. The company outlined its strong performance across core business segments and detailed its ambitious expansion strategy across the entire renewable energy value chain, including Solar, Battery Energy Storage Systems (BESS), and Green Hydrogen.Financial Performance Highlights (FY26 vs FY25)
The financial results reflect robust growth across key metrics.| Metric (Consolidated Basis) | FY26 (Audited) | FY25 (Audited) | Year-over-Year Growth |
|---|---|---|---|
| Revenue from operations | INR 1,81,367 Lakhs | 98,717 Lakhs | 83.7% |
| Profit After Tax (PAT) | 25,234 Lakhs | 15,857 Lakhs | 59.1% |
| EBITDA | 42,537 Lakhs | 24,539 Lakhs | 73.4% |
| Basic EPS (per share) | 124.13 | 79.53 | 56.1% |
| PAT Margin | 13.91% | 16.06% | N/A |
The consolidated income statement provides a detailed view of the results:
| Particulars (in INR Lakhs) | 31, 2026 (Audited) | 31, 2025 (Audited) |
|---|---|---|
| Total Revenue from operations | 1,81,367.23 | 98,716.60 |
| Total Income | 1,84,101.69 | 99,806.70 |
| Total Expenses | 1,49,435.77 | 78,568.86 |
| Profit Before Tax | 34,665.92 | 21,237.84 |
| Profit/ (Loss) for the year | 25,233.58 | 15,856.86 |
| Basic EPS (in INR) | 124.19 | 79.53 |
The balance sheet showed total assets increasing significantly, with the total liability side reaching 2,56,326.86 in FY26, compared to 1,31,904.26 in FY25.
Operational Achievements and Market Expansion
The company detailed its achievements across the three segments of the renewable energy value chain:Energy Generation (Solar):
Oriana Power reported securing multiple landmark projects, including one of the world's largest floating solar installations at Maithon Dam, Jharkhand. The company also expanded its global footprint with a solar project in Guyana, commissioned its first ISTS-connected solar project at Prayagraj, Uttar Pradesh, and secured additional Open Access grid connectivity across Rajasthan, Haryana, and Tamil Nadu. The overall land secured for execution was expanded to approximately 4,780 acres.
Energy Storage (BESS):
The BESS division secured a utility scale solar + BESS hybrid project (100MW/300MWh) at CTU and commissioned the first Group Captive Open Access project of Rajasthan. Key business developments in this segment included securing 190+ MWh C&I orders for hybrid projects, and signing multiple BESPA agreements across various states, including Navratnas PSU, Rajasthan, Tamil Nadu, and Karnataka.
Energy Consumption (Green Hydrogen & Derivatives):
A major strategic milestone was the signing of a 10-year binding Green Ammonia Purchase Agreement (GAPA) with the Solar Energy Corporation of India (SECI) for a capacity of 60,000 tonnes per annum (TPA). The estimated total contract value for this agreement is approximately ₹3,135 crore.
Strategic Growth and Partnerships
Oriana Power formalized several strategic collaborations to bolster its market position and revenue streams:- Actis Partnership: The company entered into a 1 GW joint development agreement with Actis GP LLP for renewable energy assets across India. Oriana will serve as the exclusive EPC + O&M partner for this development. Furthermore, the company proposed the divestment of approximately 238 MW of operational solar assets to a group entity of Actis for an enterprise value of approximately USD 108 million.
- Government MoUs: Strategic Memorandums of Understanding were signed with state governments:
* Madhya Pradesh: An MoU worth INR 5,000 crore for integrated renewable energy solutions, with land and connectivity actions initiated for a green ammonia, e-methanol, and CCUS complex.
* Assam: An MoU worth INR 500 crore for integrated renewable energy solutions.
* International Collaborations: The company signed an MoU with Invest Alberta (Canada) for a RE Complex valued between USD 300-500 million, scalable to USD 1 billion over five years.
Future Strategy and Market Focus
The company outlined a clear, integrated, and future-ready renewable energy platform built around Solar, BESS, Floating Solar, Green Hydrogen, and AI-enabled execution.Key strategies include:
- BESS Expansion: Targeting a total BESS capacity of 20 GWh by 2030 and developing "Energy-as-a-Service" offerings for the C&I segment.
- Green Hydrogen Development: Developing e-methanol and green ammonia export channels targeting key markets in Japan, Europe, and Egypt, while building a strategic position in the CCUS sector.
- Operational Intelligence: Embedding AI-enabled systems across core functions (EPC, O&M, finance) to enhance productivity, execution agility, and decision-making.
- Market Focus: Prioritizing states with favorable policy environments and strong solar potential, while also pursuing international expansion to diversify growth.
The management stated that the BESS division is expected to become a key growth engine, potentially contributing nearly 30-40% of overall revenues by FY27, while green hydrogen and green fuels are projected to contribute meaningful revenue from FY28 onwards.
ORIANA Stock Price Movement
Oriana Power Limited shares slipped by 0.01% on Wednesday, settling at ₹1924.60. The equity traded on a volume of 49,050 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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