A renewable energy company saw its shares rise 5% during intraday trading after reporting a remarkable 750% YoY net profit growth for H1 FY25, driven by strong revenue gains and expanding renewable energy solutions, highlighting its robust performance and growing market presence.
Share Price movement of Oriana Power Limited:
On November 14, 2024, shares of Oriana Power Ltd opened at ₹2,450.00, reached an intraday high of ₹2,450.00, and dropped to a low of ₹2,251.00 before closing at ₹2,312.25, reflecting volatility during the trading session.
Oriana Power Limited share price rise:
Renewable energy company Oriana Power witnessed a 5% jump in shares during intraday trading after reporting an impressive 750% YoY surge in net profit for H1 FY25. With a market cap of ₹4,775 crore, its stock traded at ₹2,350, up 0.55% from the previous day.
The company’s revenue from operations grew 461% YoY to ₹359.54 crore in H1 FY25, compared to ₹64.05 crore in H1 FY24. Sequentially, revenue rose 13% from ₹318.81 crore in H2 FY24, showcasing consistent growth driven by its renewable energy solutions like floating solar panels and hydrogen electrolyzers.
Oriana Power’s net profit grew 750% YoY from ₹5.72 crore in H1 FY24 to ₹48.59 crore in H1 FY25. However, on a half-on-half basis, it marginally declined by 0.06%, reflecting stable profitability amidst robust expansion efforts in the renewable energy sector.
Recent news About Oriana Power Limited:
On November 7, 2024, Oriana Power Limited secured an ₹83.56 crore contract from NTPC Vidyut Vyapar Nigam Limited to provide EPC services, commissioning, and O&M for a 19.26 MW solar power plant, scheduled for completion within eight months.
Ace investor holding of Oriana Power Limited:
Ace investor Anil Kumar Goel holds a 2.10% stake in Oriana Power Ltd. as of September 2024, amounting to 4,04,950 shares. The total value of his holding is approximately ₹93.9 crore, showcasing his significant investment in the renewable energy company.
Stock performance of Oriana Power Limited for Period of 1 week, 6 months and 1 year:
Oriana Power Limited’s stock has shown remarkable growth over the past year, delivering a return of 580%. However, it recorded a marginal increase of 0.06% over six months and a decline of 6.47% in the past week, reflecting short-term fluctuations.
Shareholding pattern of Oriana Power Limited:
| Summary | Sep-24 | Aug-24 | Mar-24 |
| Promoter | 61.40% | 58.00% | 61.40% |
| FII | 0.20% | 0.90% | 1.20% |
| DII | 0% | 0.90% | 1.90% |
| Public | 38.40% | 40.20% | 35.50% |
| Others | 0% | 0% | 0% |
About Oriana Power Limited Industries:
Oriana Power Limited specialises in providing innovative renewable energy solutions, including floating solar panels, solar rooftops, and hydrogen electrolyzers. Focused on sustainable growth, the company serves both domestic and international markets, catering to diverse energy needs through cutting-edge technologies and environmentally conscious energy projects.
