NTPC's renewable energy arm NTPC Green Energy reported a consolidated net profit at Rs 197 crore in the March-ended quarter versus Rs 233 crore in the year-ago period, a 15% decline. The profit after tax (PAT) is attributable to the owners of the parent company.The profit fell despite 47% revenue growth by the state-run company to Rs 913 crore in Q4FY26 versus Rs 622 crore posted by the company in the corresponding quarter of the previous financial year.The contraction in the company's profits in the quarter under review could be attributed to a sharp 60% rise in expenses which stood at Rs 713 crore in Q4FY26 versus Rs 445 crore in the corresponding quarter of the last financial year. The expenses grew 16% on a sequential basis versus Rs 616 crore in Q3FY26. The expenses were made under the heads like employee benefits expense, finance cost, depreciation and amortization, among other things.The PAT surged multi-fold, rising 11X sequentially from Rs 17 crore posted in the October-December quarter of FY26 while the topline grew 40% quarter-on-quarter compared to Rs 622 crore in Q3FY26.The profit before tax (PAT) stood at Rs 247 crore in Q4FY26, up from Rs 37 crore in Q3FY26 and down from Rs 307 crore in Q4FY25. The net profit margin in Q4FY26 stood at 21.60% versus 2.65% in Q3FY26 and 37.48% in Q4FY25 while the operating margin stood at 55.30%, 40.83% and 77.75%, respectively in the same periods.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)