KPI Green Energy Reports 64 percent Revenue Growth in 9M FY26, Expands Renewable Portfolio to 4.74 GW

KPI Green Energy, solar and hybrid renewable energy developers, has reported robust financial and operational performance for the quarter and nine months ended December 31, 2025, reinforcing its position in India’s clean energy transition.

For the nine months ended FY26, the company recorded total income of INR 1,931 crore, marking a 64 percent  year-on-year growth compared to INR 1,177 crore in the same period last year. EBITDA rose 71 percent YoY to INR 701 crore, while Profit After Tax (PAT) increased 60 percent to INR 354 crore. Basic Earnings Per Share (EPS) grew 46 percent to INR 16.77.

In Q3 FY26, KPI Green Energy reported total income of INR 676 crore, up 45 percent YoY. EBITDA stood at INR 251 crore and PAT at INR 126 crore, reflecting sustained operational momentum and healthy margins.

The company’s cumulative installed and upcoming renewable capacity has reached over 4.74 GW, including 2.17 GW in the Independent Power Producer (IPP) segment and 2.57 GW in the Captive Power Producer (CPP) segment. KPI Green Energy’s order book stands at 3.61 GW, providing strong revenue visibility. Installed capacity has crossed 1.12 GW, supported by a land bank of nearly 6,999 acres and power evacuation capacity exceeding 3.57 GW.

Commenting on the performance, Dr. Faruk G. Patel, Chairman and Managing Director, KP Group, said, “The results reflect disciplined execution, rapid capacity expansion and diversification across solar, wind, battery storage and green hydrogen. These strategic partnerships in India and overseas are opening new opportunities in emerging energy segments, positioning the company for long-term, sustainable growth.”

KPI Green Energy continues to strengthen its IPP portfolio, which provides stable annuity-based revenues through long-term Power Purchase Agreements (PPAs). The IPP portfolio currently stands at 2.17 GWp, with several large-scale solar and battery energy storage projects under execution.

During the quarter, the company secured several projects, including a 150 MW wind power project with GUVNL under a 25-year PPA, a 445 MW/890 MWh standalone Battery Energy Storage System (BESS) project, a 142 MW floating solar project at Kadana Dam awarded by GSECL, a 200 MW solar EPC project at Khavda Renewable Energy Park from SJVN, and a 1 TPD plasma green hydrogen plant using municipal solid waste feedstock.

These wins further strengthen KPI Green Energy’s diversified renewable portfolio across solar, wind, storage and hydrogen.

The company has also entered multiple strategic partnerships to accelerate growth, including agreements with Senvion India for up to 2 GW of wind and hybrid projects, Inox Solar Limited for 2.5 GW of solar and hybrid projects, and MoUs with the Government of Gujarat for renewable projects aggregating nearly 895 MW, along with hydrogen and EV fuel infrastructure investments estimated at INR 8,000 crore.

International collaborations in Botswana, the UAE and South Korea are also underway, targeting renewable energy and green hydrogen opportunities.

As of January 2026, the company’s market capitalisation stood at approximately INR 8,733 crore. With reaffirmed credit ratings from ICRA and strong green bond ratings, KPI Green Energy remains focused on achieving its target of over 10 GW renewable capacity by 2030.