Synopsis:
KPI Green Energy reported Rs. 603 crore revenue in Q1 FY26, 69 percent YoY profit growth, strong EBITDA, declared dividend, and approved Rs. 700 crore Green Bonds issue.
Shares of a company involved in developing, building, owning, managing, and maintaining renewable power facilities slumped nearly 6 percent on Tuesday, despite reporting Q1 FY26 results with a net profit growth of around 7 percent QoQ and 69 percent YoY.
At 11:43 a.m., the shares of KPI Green Energy Limited were trading in the red at Rs. 534.75 on BSE, down by around 1 percent, as against its previous closing price of Rs. 539.45, with a market cap of Rs. 10,601 crores. The stock has delivered negative returns of around 17 percent in the last one year, but has gained by over 4 percent in the last one month.
What’s the News:
According to the latest regulatory filings on the stock exchanges, KPI Green Energy Limited announced the financial results for Q1 FY26 on Tuesday during early morning trading sessions.
For Q1 FY26, KPI Green Energy reported revenue from operations of Rs. 603 crores, marking around a 6 percent QoQ growth compared to Rs. 569.4 crores in Q4 FY25, and a year-on-year increase of about 73 percent from Rs. 348 crores recorded in Q1 FY25.
Net profit for the quarter stood at Rs. 111.3 crores, marking a notable growth of around 7 percent QoQ compared to Rs. 104.2 crores in Q4 FY25, along with a year-on-year rise of about 69 percent from Rs. 66 crores in Q1 FY25. This performance was supported by sustained margin expansion and disciplined financial practices.
EBITDA rose sharply to Rs. 217 crore, reflecting a 64 percent increase from Rs. 132.4 crore in the previous year, driven by operating leverage and improved cost control mechanisms. As of Q1 FY26, the company had over 1 GW of installed capacity, a project pipeline exceeding 3 GW, and a power evacuation capacity of more than 3.2 GW.
Additionally, the Board of Directors has declared the first interim dividend for FY26 at 4 percent, translating to Re. 0.20 per equity share having a face value of Rs. 5 each.
The Board has also approved a fundraising plan through the issuance of certified Green Bonds (non-convertible debentures or similar instruments) aggregating up to Rs. 700 crore. These will be issued in one or more series or tranches on a private placement basis, subject to market conditions.
KPI Green Energy Limited is engaged in the business of developing, building, owning, operating, and maintaining solar power plants as an Independent Power Producer (IPP) and Captive Power Producer (CPP) both under the brand name of ‘Solarism’. Both these businesses, IPP and CPP, are currently carried out at the plant located at Bharuch, Gujarat (Solarism Plant).
In Q1 FY26, the IPP segment contributed 10 percent to the company’s revenue, with an installed capacity exceeding 503 MW and a portfolio capacity of over 1.7 GW. Meanwhile, the CPP segment accounted for 90 percent of the revenue share during the same period, with a portfolio capacity surpassing 2.3 GW and a hybrid CUF of 56.7 percent on an AC basis.
Written by Shivani Singh
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