Juniper Green Energy (JNPR) Q1 26/27 earnings summary

Executive summary

• Achieved record quarterly revenue and EBITDA following a successful INR 1,800 crore IPO and listing on NSE and BSE on 6 August 2026.

• Operational portfolio reached 11,200 MW with nearly 9 GWh of BESS, and 84% in FDRE and wind-solar hybrid projects.

• Commissioned highest-ever renewable capacity in a single quarter, including India's first FDRE project under SJVN FDRE tender.

• Signed new PPAs and won tenders totaling 920 MWp and 2,200 MWh BESS post-June 2026.

• Unaudited standalone and consolidated financial results for Q1 FY27 were approved and released.

Financial highlights

• Total income for Q1 FY27 grew 79% year-over-year to INR 324 crore, with EBITDA up 86% to INR 294 crore and margin at 91%.

• Consolidated revenue from operations for Q1 FY27 was Rs. 2,911.96 million, up from Rs. 1,606.68 million in Q1 FY26.

• Consolidated net profit for Q1 FY27 was Rs. 334.52 million, up from Rs. 215.36 million in Q1 FY26.

• Cash PAT (PAT plus depreciation) up 50% year-over-year to INR 108 crore.

• Days receivable outstanding at 19 days as of June 30, among the lowest in the sector.

Outlook and guidance

• Targeting 2 GW of capacity addition for FY27, with 250-300 MW expected in the next quarter.

• BESS capacity targeted at 4.5 GWh by June 2027 and 10 GWh by March 2028.

• Run rate EBITDA guidance: INR 2,700 crore for FY27 (4 GW capacity), INR 4,500 crore for FY28 (6 GW capacity).

• Portfolio expected to expand with new projects and tenders, maintaining a weighted average tariff of ₹3.70/kWh.

• Financial performance for Q1 FY27 is not strictly comparable to previous quarters due to seasonality and expansion.