KPI Green Energy Ltd
KPI Green Energy Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #14 of 24 in Power
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The short version
KPI Green Energy targets reaching 10 gigawatts capacity by 2030, indicating significant volume growth. KPI Green Energy expects PAT to reach INR 1,000 crores around FY27 post IPP commencement.
From KPI Green Energy Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- KPI Green Energy targets reaching 10 gigawatts capacity by 2030, indicating significant volume growth.
- IPP (Independent Power Producer) capacity expected to reach 1.7 gigawatts by FY27, with peak revenue anticipated to exceed INR 1,000 crores.
- EBITDA margins on IPP expected around 90%, with projected PAT reaching INR 1000 crores by FY27 post-March.
- CPP (Captive Power Plant) order book growth strong, with internal targets suggesting more than 5-6 gigawatts possible in the coming years.
- New orders and bidding success rate at 75%, targeting substantial order inflow beyond current 2.4 gigawatts in CPP.
- Sun Drops Energia subsidiary aims for 65-70% revenue growth over previous year, with listing expected next financial year.
2 more points from KPI Green Energy Ltd's call on revenue
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Profitability & Margins
See what KPI Green Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- KPI Green Energy has a capex of nearly INR5,500 crores in ongoing projects including 250 MW solar, 370 MW hybrid, and 150 MW wind projects, expected to contribute significantly to revenue and cash flows post-commissioning. (Page 4)
- They secured a INR3,200 crores term loan from SBI Project Finance Unit to support development of 250 MW solar and 370 MW hybrid projects under long-term GUVNL PPA. (Page 4)
- The company is expanding into future-ready technologies with MOUs signed for collaboration in battery energy storage systems (BESS), green hydrogen, EV charging infrastructure, and a green ammonia JV with AHES Korea and GH2 Solar India. (Page 4)
2 more points from KPI Green Energy Ltd's call on capex
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what KPI Green Energy Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- KPI Green Energy has a strong order book with over 6.6 GW at the group level.
- Internal target for KPI was 1 GW for 2025; currently sitting at 6 GW.
- By March 2026, more than 1 GW of IPP orders will be executed; expected to reach 1.5-1.7 GW by December 2026 or March 2027 including recent 150 MW PPA signed.
- CPP order execution is ongoing; orders with SJVN, Aditya Birla, Avichal, CIL, MahaGenco being executed.
- CPP orders of 2.41 GW currently on books, with targets to grow towards 10 GW over next 2-3 years.
2 more points from KPI Green Energy Ltd's call on order book
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KPI Green Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹796 Cr, net profit ₹155 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What KPI Green Energy Ltd's management said in earlier quarters
Others in Power this season
- Reliance Infrastructure Ltd (Q2 FY26)
Revenue: ₹12,345 Crore . Key investor presentation takeaways from Reliance Infrastructure Ltd's Q2 FY26 investor presentation — and how it ranks against sector
- Reliance Power (Q2 FY26)
Revenue for H1 FY26: ₹8,257 crore . Key investor presentation takeaways from Reliance Power Ltd's Q2 FY26 investor presentation — and how it ranks against secto
- GMR Urban (Q2 FY26)
Consolidated Total Income: INR 19.2bn, up 28% YoY and 9% QoQ (Page 10). Key investor presentation takeaways from GMR Power & Urban Infra Ltd's Q2 FY26 investor
- Adani Energy Solutions Ltd (Q2 FY26)
Distribution business capex around INR 1,500-1,600 crores, translating to INR 250-275 crores EBITDA. Key concall takeaways from Adani Energy Solutions Ltd's Q2…
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were KPI Green Energy Ltd Q2 FY26 results?
KPI Green Energy targets reaching 10 gigawatts capacity by 2030, indicating significant volume growth. KPI Green Energy expects PAT to reach INR 1,000 crores around FY27 post IPP commencement.
What is KPI Green Energy Ltd share price analysis?
KPI Green Energy Ltd currently shows a neutral. The stock trades at a P/E of 13.8 with a market cap of ₹6,319 Cr. Investors should review the full earnings analysis for detailed insights.
Is KPI Green Energy Ltd planning capital expenditure?
KPI Green Energy has a capex of nearly INR5,500 crores in ongoing projects including 250 MW solar, 370 MW hybrid, and 150 MW wind projects, expected to contribute significantly to revenue and cash flows post-commissioning.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.