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

Executive summary

• Achieved total revenue of ₹2,742 Cr and PAT of ₹509 Cr for FY26, marking the eighth consecutive quarter of record revenue and highest-ever annual results, driven by strong execution in solar, wind, and hybrid segments.

• Installed capacity reached 1.62+ GW, with 4.64+ GW under development and a 10+ GW target by 2030; expanded to 131 sites, including international projects in Botswana, UAE, and South Korea.

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

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

• Board approved audited results for FY26, recommended a ₹0.40 per share dividend, and appointed new internal and cost auditors.

Financial highlights

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

• Q4 FY26 revenue up 40% YoY to ₹810 Cr; EBITDA up 80% YoY to ₹305 Cr; PAT up 49% YoY to ₹155 Cr.

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

• Net worth increased 24% to ₹3,273 Cr; fixed assets up 115% to ₹5,427 Cr.

• Cash flow from operating activities doubled to ₹424 Cr; financing activities cash flow rose 102% to ₹3,642 Cr.

Outlook and guidance

• Targeting 10+ GW installed capacity by 2030, with ongoing expansion in domestic and international markets.

• 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.

• Expanding participation in pan-India power markets and utility-scale energy storage.