KPI Green Energy (542323) Q1 25/26 earnings summary

Executive summary

• Achieved record revenue for the fifth consecutive quarter, with Q1 FY26 revenue at ₹614 crore and PAT at ₹111 crore, driven by strong execution and expansion in both IPP and CPP segments.

• Installed capacity surpassed 1 GW, with over 3 GW in orders and a land bank exceeding 6,275 acres.

• Ambitious target set to reach 10+ GW by 2030, with significant expansion in solar, hybrid, and wind portfolios.

• Strategic alliances and MOUs signed for battery storage, green hydrogen, and EV infrastructure to enhance technological edge.

• Recognized by global investors and maintains a values-driven, innovation-focused culture.

Financial highlights

• Q1 FY26 revenue reached ₹614.12 crore, up 75% year-over-year from ₹349.85 crore.

• EBITDA rose 64% to ₹217 crore; PBT increased 64% to ₹149.20 crore.

• PAT grew 68% to ₹111.32 crore; basic EPS up 44% to ₹5.28.

• Cash profit of ₹163 crore, marking 92% year-over-year growth.

• Operating expenses increased 85% YoY; interest and depreciation costs also rose.

Outlook and guidance

• Confident in achieving 60%-70% top-line growth for FY26, with revenue growth of 60% projected for both FY26 and FY27, supported by a strong order pipeline.

• Targeting 10+ GW installed capacity by 2030, with 3+ GW orders in hand as of Q1 FY26.

• IPP share of revenue expected to rise to 17%-18% by year-end, targeting 25% in the long term.

• PAT margin expected to be sustained at 15%-20% as IPP contribution increases.

• Actively pursuing growth in green hydrogen, BESS, offshore wind, and floating solar segments.