KPI Green Energy Ltd
KPI Green Energy Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
KPI Green Energy expects a minimum year-on-year growth of 50% to 60% in top-line revenue across its companies, including Sun Drop Energy. KPI Green Energy targets 50% to 60% year-on-year top-line growth across its companies, including subsidiaries like Sun Drop.
From KPI Green Energy Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- KPI Green Energy expects a minimum year-on-year growth of 50% to 60% in top-line revenue across its companies, including Sun Drop Energy.
- Sun Drop Energy anticipates reaching INR 500-600 crores in revenue with EBITDA margins of 25-30%.
- The IPP (Independent Power Producer) segment is planned to grow substantially, targeting around 25-30% of total revenue by FY 2030.
- Post completion of 1 GW IPP capacity, revenue from IPP is expected to grow steadily with an EBITDA margin of 85-90%.
- Expansion into new markets, including Botswana and broader African countries, is expected to contribute to growth.
- Growth is supported by diversification into green hydrogen, offshore projects, and battery energy storage systems (BESS).
2 more points management made on revenue & sales performance
Profitability & Margins
See what KPI Green Energy Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- KPI Green Energy is focusing on significant capex, especially in utility-scale solar and battery energy storage systems (BESS).
- The company plans a major 500 MW project in Botswana over the next 1–2 years, costing around INR 1,500 to 1,700 crores, as part of a larger 5 GW IPP project.
- Investment in new segments such as green hydrogen, offshore renewable energy, and floating solar is underway, with MOUs signed (e.g., Government of Gujarat, South Korea) but these are at nascent stages.
- The LOI for a 445 MW/890 MW standalone BESS project from GUVNL backed by viability gap funding is progressing, with IRR expectations of 13-14%.
- Sun Drops, a subsidiary, is focusing on battery energy storage systems, with turnover targeted around INR 500-600 crores this year.
2 more points management made on capital expenditure plans
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
- As of the latest quarter, KPI Green Energy's EPC order book stands at approximately INR 5,500+ crores, up from around INR 4,000 crores in the previous quarter.
- The CPP order book grew from 1.60 gigawatts in Q4 FY'25 to about 1.96 gigawatts.
- Cumulative CPP capacity increased from 2,426 MW in Q2 FY'26 to 2,572 MW in Q3 FY'26.
- Sun Drop Energy segment reported approximately INR 150 crores revenue this quarter with a capacity target aligned to its order book.
- The company secured a 152 MW floating solar EPC contract from GSECL and a letter of intent (LOI) from GUVNL for a 445 MW / 890 MW standalone Battery Energy Storage System (BESS) project.
2 more points management made on order book & pipeline
KPI Green Energy Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: 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's management said in earlier quarters
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Frequently Asked Questions
What were KPI Green Energy Ltd Q3 FY26 results?
KPI Green Energy expects a minimum year-on-year growth of 50% to 60% in top-line revenue across its companies, including Sun Drop Energy. KPI Green Energy targets 50% to 60% year-on-year top-line growth across its companies, including subsidiaries like Sun Drop.
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 15.7 with a market cap of ₹7,452 Cr. Investors should review the full earnings analysis for detailed insights.
Is KPI Green Energy Ltd planning capital expenditure?
KPI Green Energy is focusing on significant capex, especially in utility-scale solar and battery energy storage systems (BESS).
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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.