KPI Green Energy Limited announced its financial results for the second quarter and half year ended September 30, 2026. Total revenue for Q2 FY27 grew by approximately 16% to ₹741 crore from ₹641 crore in Q2 FY26. EBITDA also increased by about 22% to ₹283 crore. For the half year ended September 30, 2026, total revenue rose by approximately 16% to ₹1,451 crore, with EBITDA up 21% to ₹545 crore. The company also highlighted strategic developments including acquisitions and IPP capacity expansion.
KPI Green Energy Reports Strong Q2 FY27 Performance
KPI Green Energy Limited has reported robust financial performance for the second quarter and the first half of the financial year 2026-27. The company’s total revenue for the second quarter ended September 30, 2026, stood at ₹741 crore, marking a significant increase of approximately 16% compared to ₹641 crore in the same period last year. This growth is attributed to sustained execution momentum across its renewable energy projects and a higher contribution from its Independent Power Producer (IPP) segment.
EBITDA and Profitability Highlights
EBITDA for Q2 FY27 saw a substantial rise of about 22%, reaching ₹283 crore from ₹232 crore in Q2 FY26. The EBITDA margin expanded to 38% from 36%, driven by an increasing share of high-margin IPP revenue, improved operating leverage, and disciplined cost management. Despite higher finance costs and depreciation due to a larger asset base, Profit After Tax (PAT) for the quarter was ₹92 crore.
Half-Yearly Performance Overview
For the half year ended September 30, 2026, KPI Green Energy’s total revenue grew by approximately 16% to ₹1,451 crore, compared to ₹1,255 crore in the corresponding period of FY26. EBITDA for H1 FY27 increased by about 21% year-on-year to ₹545 crore, with the EBITDA margin improving to 37%. Profit Before Tax (PBT) stood at ₹261 crore, impacted by increased finance costs and depreciation.
Strategic Developments
The company also announced several key strategic and operational milestones during Q2 and H1 FY26-27. These include a binding offer to acquire 507.9 MW of operational wind assets, the acquisition of DEK and Mavericks Green Energy Limited (DMGEL), and the energisation of its IPP portfolio to 1.34 GWp. Furthermore, the company secured new project awards, including an EPC order worth approximately ₹2,025 crore for a 550 MWp solar project and a Power Purchase Agreement (PPA) for a 300 MW wind IPP project.
Source: BSE
