KP Energy Q3 FY26 Income Surges 63 Percent to INR 348 Crore, EBITDA Grows 75 Percent

KP Energy Ltd. reported a strong financial performance for the third quarter of FY26, driven by higher execution of wind and hybrid renewable energy projects and an expanding order pipeline.

The company’s total income rose 63 percent year-on-year to INR 348 crore in Q3 FY26, compared to INR 213 crore in the corresponding quarter last year. Revenue from operations stood at INR 345 crore, reflecting sustained momentum across its balance-of-plant (BoP), EPCC, and operations and maintenance (O&M) businesses.

EBITDA increased 75 percent YoY to INR 77 crore, supported by operational efficiencies and scale benefits, while profit after tax (PAT) grew 58 percent to INR 41 crore. Basic earnings per share for the quarter stood at INR 6.18, up from INR 3.96 in Q3 FY25. Cash profit rose sharply by 80 percent YoY to INR 56 crore.

For the nine months ended December 31, 2025, KP Energy reported total income of INR 872 crore, up 59 percent year-on-year, while PAT increased 48 percent to INR 103 crore. EBITDA for the nine-month period stood at INR 195 crore, reflecting a 65 percent growth over the previous year.

As of December 2025, KP Energy’s project pipeline stood at over 2.18 GW, taking the company’s total renewable portfolio to more than 3.29 GW. The company has installed over 1.11 GW of renewable capacity to date, including projects connected through both state and central transmission networks. Its O&M portfolio crossed 644 MW, while its own operational IPP assets stood at 48.5 MW.

During the quarter, KP Energy continued to strengthen its execution capabilities, supported by in-house wind resource assessment (WRA), AI-enabled monitoring through its Network Operations Centre, and deployment of higher-capacity 4.x and 5.x MW wind turbine generators. The company has also received in-principle approval for 100 MW ISTS connectivity, enabling interstate power sales.

On the strategic front, KP Energy reiterated its focus on future growth areas, including offshore and nearshore wind, where it is exploring 1–2 GW of BoP participation opportunities in Gujarat and Tamil Nadu. India’s offshore wind potential is estimated at around 70 GW, with higher plant load factors compared to onshore wind.

The company also highlighted progress on key partnerships and alliances, including a INR 4,000 crore MoU with the Gujarat government for 855 MW of renewable energy projects, a 2.5 GW wind development MoU with Inox Wind, and framework agreements with global and domestic players to expand wind, hybrid, and green infrastructure projects.