KPI Green Energy Ltd
NSE:KPIGREEN

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KPI Green Energy Ltd Logo
KPI Green Energy Ltd
NSE:KPIGREEN
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Price: 485.15 INR -0.02% Market Closed
Market Cap: 95.7B INR

KPI Green Energy Ltd
Investor Relations

KPI Green Energy Ltd. has energetically positioned itself in the growing renewable energy sector of India, harnessing the compelling potential of solar power as its primary driver. Rooted in generating sustainable energy solutions, the company primarily operates through two distinct models: the Independent Power Producer (IPP) and the Captive Power Producer (CPP) segments. Through its IPP business, KPI Green develops and commissions solar power projects, selling the electricity generated directly to state utilities and other clients under long-term power purchase agreements (PPAs). This model ensures a steady revenue stream while capitalizing on the escalating demand for clean energy in a rapidly industrializing and urbanizing nation.

Complementing its IPP activities, the CPP segment of KPI Green offers customized solar plant solutions for businesses looking to secure their energy supplies at predictable costs. Here, KPI Green constructs and maintains solar power plants on a client’s premises or sites specifically acquired for this purpose, enabling businesses to either own the power facilities directly or purchase power at pre-determined rates. This arrangement allows customers to hedge against volatile energy prices while reducing carbon footprints, a win-win that aligns well with the increasing corporate emphasis on sustainable operations. Through these strategic twin engines, KPI Green not only contributes to reducing reliance on fossil fuels but also nurtures a business model anchored in the tide of growing environmental consciousness.

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KPIGREEN
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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 11, 2025
AI Summary
Q2 2026

Record Revenue & Profit: KPI Green Energy delivered its sixth consecutive quarter of record revenue and profit, with Q2 revenue at INR 641.1 crores, up 78% year-on-year.

Strong Profit Growth: EBITDA grew 73% to INR 232.4 crores, and PAT increased 67% to INR 117 crores versus last year.

Financing Milestones: Management highlighted the successful issuance of India's first externally credit-enhanced green bond (INR 670 crores) and a major INR 3,200 crores term loan from SBI to fund large-scale projects.

Order Book & Projects: The company reported strong order wins, ongoing project execution, and expects significant revenue and cash flow from nearly INR 5,500 crores in CapEx projects, with part commissioning in coming quarters.

Margin Commentary: Management addressed concerns about EBITDA margin compression, stating margins remain healthy and are expected to improve as new IPP revenues ramp up.

Guidance on Equity & Debt: No recent equity dilution beyond last year’s QIP; debt-to-equity remains below 2, and future funding may diversify away from more debt.

Pledge Reduction Plan: Promoter pledge release is targeted by March 2027, backed by written commitments from SBI.

Sector & Policy Updates: Management sees minimal impact from government cancellation of legacy renewable projects and believes grid infrastructure is sufficient for growth.

Key Financials
Revenue
INR 641.1 crores
EBITDA
INR 232.4 crores
Profit Before Tax
INR 158 crores
Profit After Tax
INR 117 crores
Revenue (H1 FY '25-'26)
INR 1,255.26 crores
EBITDA (H1 FY '25-'26)
INR 449.3 crores
Profit Before Tax (H1 FY '25-'26)
not specified
Profit After Tax (H1 FY '25-'26)
not specified
EBITDA Margin (H1 current year, consolidated)
35.79%
EBITDA Margin (H1 current year, standalone)
36.95%
EPS (Q2)
INR 4.82
EPS (H1)
INR 8.49
Debt-to-Equity Ratio
below 2
Promoter Shareholding
48%
Promoter Pledge Release
targeted by March 2027
Sun Drops Energia Revenue (Q2)
INR 125 crores
Sun Drops Energia PAT Margin
16–18%
Return on Equity (H2 FY '26)
24%
Peak IPP Revenue (future guidance)
INR 1,200–1,300 crores
IPP EBITDA Margin (future guidance)
90%
IPP PBT Margin (future guidance)
40-45%
Other Earnings Calls

Management

Dr. Farukbhai Gulambhai Patel
Chairman & MD
No Bio Available
Mr. Salim Suleman Yahoo
Chief Financial Officer
No Bio Available
Ms. Rajvi Vinodchandra Upadhyay
Company Secretary & Compliance Officer
No Bio Available
Mr. Mohmed Sohil Yusufbhai Dabhoya
Whole time Director
No Bio Available
Dr. Alok Das
Group Chief Executive Officer
No Bio Available
Mr. Shaheedul Hasan
Chief Operating Officer
No Bio Available
Mr. Manish I. Sayata
Chief People Officer
No Bio Available

Contacts

Address
GUJARAT
Surat
KP House Opp. Ishwar Farm Junction BRTS, Canal Rd, near Bliss IVF Circle,
Contacts
+912612244757
kpigreenenergy.com