KPI Green Energy Q1 FY27 Revenue Rises 16 Percent to INR 710 Crore, EBITDA Up 21 Percent

KPI Green Energy Ltd. reported a 16 percent year on year increase in total income to INR 710 crore for the quarter ended June 30, 2026, compared with INR 614 crore in the corresponding quarter of the previous financial year.

The company’s EBITDA increased 21 percent year on year to INR 262 crore in Q1 FY27 from INR 217 crore in Q1 FY26. EBITDA margin also improved to 37 percent from 35 percent during the same period.

However, profit after tax declined 14 percent year on year to INR 95 crore from INR 111 crore. The company attributed the decline to higher depreciation and finance costs associated with its growing asset base. Interest costs increased to INR 80 crore from INR 38 crore, while depreciation and amortisation rose to INR 51 crore from INR 30 crore.

Revenue from operations stood at INR 694 crore in Q1 FY27, compared with ₹603 crore a year earlier, representing a 15 percent increase. Profit before tax stood at INR 131 crore, down from INR 149 crore in Q1 FY26.

KPI Green said its renewable energy portfolio continued to expand during the quarter. The company’s total portfolio reached 6.94 GW as of June 2026, comprising 5.07 GW of work in progress and 1.87 GW of installed capacity. The portfolio stood at 4.06 GW in June 2025.

During the year, the company booked 2.88 GW of new orders and commissioned 0.85 GW of capacity. Its captive power producer segment recorded 2.03 GW of new orders, while the independent power producer segment added 0.85 GW of new orders.

The company’s IPP portfolio stood at 2.57 GW, including 0.97 GW commissioned and 1.60 GW under execution. The portfolio includes solar, hybrid, wind and battery energy storage system projects. KPI Green has also signed a BESPA for 565 MW/1,130 MWh of battery storage capacity, with financial closure under progress.

KPI Green’s power generation from its IPP portfolio also increased sharply. The company said Q1 FY27 unit generation was four times higher year on year, with quarterly generation already exceeding 65 percent of the total generation recorded during FY26.

The company is also strengthening its project execution platform through land and power evacuation infrastructure. Its strategic land bank increased to 8,657 acres by June 2026, while power evacuation capacity reached 5.10 GW.

KPI Green is targeting more than 10 GW of group capacity by 2030. The company is expanding its renewable energy portfolio across solar, wind, hybrid and battery storage, while also developing capabilities in floating solar and energy trading.

The company has also begun expanding internationally. In Botswana, KPI Green has signed an MoU with the government for 5 GW of renewable energy facilities, with planning for the first 500 MW phase underway. In the UAE, the company is executing a solar project integrated with a battery energy storage system for a containerised data centre facility.

KPI Green said India’s renewable energy sector is entering a multi year acceleration phase, supported by rising power demand, renewable energy targets, round the clock and firm dispatchable renewable energy tenders, battery storage deployment and increasing renewable purchase obligations.

The company expects its growing project pipeline and long term power purchase agreements to support recurring revenue and cash flow as additional renewable capacity is commissioned.