KPI Green Energy (542323) Q4 25/26 earnings summary

Executive summary

• Achieved record operational and financial performance in FY 2026, with total revenue of ₹2,742 crore and PAT of ₹509 crore, driven by strong execution in solar, wind, BESS, and hybrid segments.

• Installed capacity reached 1.62 GW as of March 31, 2026, with 4.64 GW under development and a total portfolio of 6.26 GW; targeting 10+ GW by 2030.

• Expanded presence to 131 sites, including international projects in Botswana, UAE, and South Korea.

• Secured major orders in wind, solar, BESS, and green hydrogen, strengthening the project pipeline.

• Transitioned further toward an asset-backed renewable platform, expanding IPP asset base and entering utility-scale battery storage.

Financial highlights

• FY26 revenue grew 56% YoY to ₹2,742 crore; EBITDA up 73% to ₹1,006 crore; PAT up 57% to ₹509 crore.

• Q4 FY26 revenue was ₹810 crore, EBITDA ₹305 crore, and PAT ₹155 crore.

• Net worth increased to ₹3,273 crore; fixed assets reached ₹5,427 crore.

• Operating cash flow improved to ₹424 crore; financing activities cash flow rose to ₹3,642 crore.

• Standalone FY26 revenue at ₹1,989 crore, PAT at ₹393 crore, EPS (basic) at ₹19.90.

Outlook and guidance

• Targeting 40%-50% YoY growth in revenue and profitability, with a focus on strong margins and international expansion.

• On track to achieve 10 GW capacity by 2030, with expectations to reach this milestone ahead of schedule.

• Strategic focus on BESS, green hydrogen, floating solar, offshore wind, and pump storage projects for future growth.

• Long-term revenue visibility strengthened by contracted IPP projects and new project wins.