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. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Total Income / Revenue: ₹603 crores, up 73.2% YoY from ₹349.85 crores, and up 109.6% QoQ (Q4 FY25: ₹292.97 crores), the company’s highest-ever quarterly revenue.
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Total Expenses: ₹464.57 crores, up 80.3% YoY, reflecting execution scale and some margin compression.
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EBITDA: ₹216.90 crores, up 64% from ₹132.45 crores YoY, with margins around 33%.
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Profit Before Tax (PBT): ₹149.20 crores, up 64.5% YoY (Q1 FY25: ₹90.70 crores); up 148.4% QoQ.
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Profit After Tax (PAT): ₹111.32 crores, up 68.1% YoY (Q1 FY25: ₹66.11 crores); up 158.6% QoQ.
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Earnings Per Share (EPS): ₹5.27, down up from ₹3.66 YoY and ₹7.20 QoQ due to equity base expansion.
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PAT Margin: ~18.1% (YoY: 18.9%), maintaining strong profitability despite rapid scaling.
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Interim Dividend: ₹0.20 per equity share (4% of face value ₹5), declared for FY26.
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Net Debt: ~₹2,500 crores, with improving IPP (annuity) cash flows and EPC-driven treasury inflows.
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Order Book: ₹1,000+ crores for EPC and IPP projects under execution; group achieved 1.7 GW installed/upcoming IPP capacity.
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Major Orders Won: LOI from GUVNL for a 150 MW wind power project, expanding hybrid energy pipeline.
Management Commentary & Strategic Highlights
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Management guides for 60–70% annual revenue growth in FY26, with robust execution in both EPC and IPP segments and disciplined margin management.
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Green bond issuance of up to ₹700 crores approved to fund expansion and clean energy capex—no urgent equity dilution expected due to internal accrual strength.
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Diversification into hybrid solar-wind, green hydrogen pilot (1 MW energized by October), and energy storage via partnerships with Delta Electronics.
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Geographic and segmental expansion continues, with new industrial clients and growing IPP share in overall revenue.
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Guidance reaffirmed for ₹2,900 crores FY26 revenue and ₹535 crores PAT, with execution visibility and near-term strategic tailwinds underpinning high growth.
Q4 FY25 Earnings Results
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Total Income: ₹569 crores.
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Profit Before Tax (PBT): ₹139 crores.
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Profit After Tax (PAT): ₹104 crores.
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EPS: ₹5.04.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.