Incorporated in 2008, KPI Green Energy Ltd is part of KP Group. They develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand.
Q3 FY26 Earnings Results
KPI Green Energy Limited posted its seventh consecutive quarter of record revenue and profit in Q3 FY26, driven by strong project execution and capacity ramp‑up across solar, hybrid and emerging green energy segments.
- Revenue from Operations: ₹662.86 crore, up 44.7% YoY from ₹458.36 crore in Q3 FY25 and up 4.5% QoQ from ₹634.30 crore in Q2 FY26.
- Total Income: ₹676.05 crore, up 45% YoY from ₹466.10 crore and up 5.4% QoQ from ₹641.14 crore.
- EBITDA: ₹237.5 crore (implied), up ~73% YoY; EBITDA margin 35.95% vs 29.85% YoY.
- Profit Before Tax (PBT): ₹170.1 crore, up from ₹157.8 crore QoQ.
- Profit After Tax (PAT): ₹125.8 crore, up 47.6% YoY from ₹85.15 crore and up 7.9% QoQ from ₹116.64 crore; PAT margin 19.0%.
- Basic EPS: ₹5.97, up from ₹4.02 YoY.
- 9M FY26 Performance:
- Total Income: ₹1,931 crore, up 64% YoY from ₹1,177 crore.
- PAT: ₹353.8 crore, up 60% YoY from ₹221.1 crore; Basic EPS ₹16.77 (up 46% YoY).
- Operational Highlights:
- Installed Capacity: 1.12+ GW.
- Order Book: 3.61+ GW (12–15 months execution).
Management Commentary & Strategic Decisions – Q3 FY26
Management emphasised accelerated project execution, healthy segmental performance and balance sheet strengthening via ₹670 crore green bonds as key growth drivers.
- Dividend: Third interim dividend of ₹0.20 per share (4%) declared; record date Jan 28, 2026.
- Expansion Plans: Continued commissioning of solar/hybrid capacities; entering Green Hydrogen and BESS segments with strong pipeline visibility.
- Guidance: Expects to exceed FY26 EBITDA target of ₹5,500–6,000 crore, supported by robust order book and execution momentum.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹634.30 crore, up 76.4% YoY from ₹361.41 crore and up 5.2% QoQ from ₹602.94 crore in Q1 FY26.
- Total Income: ₹641.14 crore, up 77.4% YoY from ₹361.41 crore.
- EBITDA: ₹232.4 crore, up 73% YoY from ₹134.5 crore; EBITDA margin 36.7% vs 37.2% YoY (slight dip).
- PAT: ₹109.11 crore, up 56% YoY from ₹69.9 crore.
- H1 FY26: Revenue ₹1,237.24 crore, up 74.8% YoY; PAT ₹221.75 crore, up 67% YoY.
Management Commentary & Strategic Directions – Q2 FY26
Q2 FY26 sustained double‑digit growth momentum with strong operational efficiency and scale benefits from new project commissioning.
- Strategic Focus: Aggressive capacity expansion across solar/hybrid portfolios while maintaining margin discipline through cost optimisation.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.