KP Energy Q1 FY27 Revenue Rises 136 Percent to INR 521 Crore, Renewable Portfolio Reaches 3.73 GW

KP Energy Ltd. (KPEL) has reported strong financial and operational performance for the first quarter of FY27, with total income rising 136 percent year on year to INR 521 crore, compared with INR 221 crore in the corresponding quarter last year.

As per the firm, revenue from operations increased 137 percent to INR 519 crore from INR 219 crore in Q1 FY26. EBITDA stood at INR 62 crore, up 25 percent from INR 50 crore, while profit after tax rose 3 percent to INR 26 crore from INR 25 crore. Profit before tax was INR 37 crore. Cash profit increased 10 percent year on year to around INR 39 crore from INR 36 crore.

The company, which provides balance of plant solutions for utility scale wind and wind solar hybrid projects, reported a total renewable energy portfolio of 3.73 GW as of June 30, 2026. This included 1.57 GW of installed capacity and 2.16 GW of projects in hand.

KP Energy's operations and maintenance portfolio stood at 646 MW, while its operational independent power producer assets totalled 48.5 MW, with another 202 MW of IPP projects in hand.

The company provides services across wind resource assessment, land aggregation, site preparation, engineering, construction and erection, power evacuation, statutory approvals, commissioning and operations and maintenance for wind and hybrid renewable energy projects.

KP Energy is also expanding its capabilities in larger wind turbines. The company said that it was the first in India to install a domestically manufactured 4.2 MW turbine in South Gujarat, while installation of a 5.3 MW turbine is currently underway.

Its wind resource assessment capabilities include more than 45 wind masts, LiDAR technology, wind mapping software and an in house team specialising in wind and land resources. The company also operates a centralised Network Operations Centre for real time monitoring and diagnostics of renewable assets. The NOC supports more than 285 clients and has reported 100 percent contractual compliance for operations and maintenance.

According to the company's investor presentation, India's installed wind capacity reached around 56 GW as of March 31, 2026, following a record addition of 6.05 GW during FY26. India has an estimated wind potential of around 1,164 GW at 150 metres, while the government has set a target of 100 GW of installed wind capacity by 2030.

KP Energy expects rising electricity demand, hybrid and round the clock renewable projects, repowering, deployment of larger 4 to 5 MW and above turbines, offshore wind and continued renewable energy tenders to support growth in the wind sector.

The company is also evaluating offshore and nearshore wind opportunities. Its presentation estimates India's offshore wind potential at around 70 GW and highlights government viability gap funding support of up to INR 7,453 crore for 1 GW of offshore wind capacity. Offshore projects could achieve plant load factors of around 45 to 50 percent, compared with 30 to 35 percent for onshore wind projects, while requiring less land.

KP Group currently has around 9.2 GW of capacity and is targeting more than 10 GW by 2030. Its businesses cover solar, wind, hybrid renewable energy, battery energy storage systems, floating solar, green hydrogen, offshore wind, engineering and infrastructure.

The group's renewable energy portfolio includes KP Energy Ltd., KPI Green Energy Ltd., KP Green Engineering Ltd. and KP Green Hydrogen & Ammonia Pvt. Ltd.. With a growing project pipeline and capabilities spanning project execution, grid connectivity, land resources and larger turbine deployment, KP Energy is seeking to expand its presence in India's growing wind and hybrid renewable energy market.