KPI Green Energy Limited has announced robust financial results for the second quarter and half-year ended September 30, 2026. The company reported a 16% increase in total revenue to ₹741 crore for Q2 FY27 compared to the previous year. EBITDA also grew by approximately 22% to ₹283 crore. For the half-year ended September 30, 2026, revenue rose 16% to ₹1,451 crore, with EBITDA increasing by 21% to ₹545 crore. These strong performances are attributed to consistent execution across solar, wind, and hybrid projects, and an expanding IPP asset base.
KPI Green Energy Reports Strong Q2 FY27 Performance
KPI Green Energy Limited has showcased a healthy growth trajectory, reporting a 16% year-on-year increase in total revenue to ₹741 crore for the second quarter ended September 30, 2026. This growth was driven by sustained execution momentum across its renewable energy projects, particularly from its solar, wind, hybrid, and Battery Energy Storage System (BESS) businesses, and a higher contribution from its Independent Power Producer (IPP) segment. The company’s EBITDA for the quarter also saw a significant rise of approximately 22%, reaching ₹283 crore, with an improved EBITDA margin of 38%, up from 36% in the prior year’s comparable period. This improvement is attributed to a growing share of high-margin IPP revenue and effective operational leverage.
Half-Year Performance Highlights
For the half-year ended September 30, 2026 (H1 FY27), KPI Green Energy reported a total revenue of ₹1,451 crore, marking a 16% growth compared to H1 FY26. The EBITDA for the same period increased by 21% to ₹545 crore, with the EBITDA margin improving to 37% from 36% in the previous year. This sustained growth reflects the company’s consistent execution of solar, wind, hybrid, and EPC projects, alongside the strategic expansion of its IPP asset base.
Profitability and Strategic Developments
While the company experienced robust revenue and EBITDA growth, Profit Before Tax (PBT) for Q2 FY27 stood at ₹131 crore, a slight decline from ₹158 crore in Q2 FY26, primarily due to higher finance costs and depreciation on a larger asset base. Profit After Tax (PAT) for Q2 FY27 was ₹92 crore, lower by approximately 21% compared to the previous year. However, the company remains focused on profitable and sustainable long-term growth. Key strategic developments in H1 FY27 include a binding offer to acquire 507.9 MW of operational wind assets and the acquisition of DEK and Mavericks Green Energy Limited. Furthermore, KPI Green successfully commissioned an additional 317 MWp under its hybrid IPP project and 50 MWp under its solar IPP project, bringing its total commissioned IPP capacity to 1.34 GWp.
Balance Sheet Strength
The company’s balance sheet remains strong, with Net Worth standing at ₹3,525 crore as of September 30, 2026, a 23% increase from the previous year. Fixed Assets more than doubled to ₹6,992 crore, reflecting the rapid build-out of the company’s owned renewable asset base.
Source: BSE
