Synopsis: Shares of KPI Green Energy Ltd surged 11% after strong results, with FY26 PAT at Rs. 509 crore (105% CAGR over 5 years). Revenue hit Rs. 2,742 crore, while capacity expanded to 6.26 GW, targeting 10 GW by 2030.
The shares of this company develop, build, own, manage, and maintain renewable power facilities (solar and wind solar hybrid power project) as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPPs) are in the spotlight after it rose over 10% in today’s session following its Q4 results.
With a market capitalisation of Rs. 9,482 cr, the shares of KPI Green Energy Ltd were trading at Rs. 480.50 per share, surging 11% in today’s market session, making a high of Rs. 507.15, up from its previous close of Rs. 455.85 per share.
Q4 Results
For FY25 to FY26, KPI Green Energy Limited delivered strong growth across all key financial metrics. Total income rose sharply by 56% to Rs. 2,742 crore from Rs. 1,755 crore, while EBITDA increased 73% to Rs. 1,006 crore from Rs. 581 crore, with margins improving to 37% from 33%. Profit after tax (PAT) grew 57% to Rs. 509 crore from Rs. 325 crore, and EPS climbed 49% to Rs. 24.13 from Rs. 16.23, reflecting robust operational efficiency and sustained profitability expansion.
For Q4 FY25 to Q4 FY26, the company maintained strong momentum with total income rising 40% to Rs. 810 crore from Rs. 578 crore. EBITDA surged 80% to Rs. 305 crore from Rs. 169 crore, leading to a significant margin expansion to 38% from 29%. PAT increased 49% to Rs. 155 crore from Rs. 104 crore, while EPS grew 46% to Rs. 7.36 from Rs. 5.04, indicating strong quarterly performance despite rising interest and depreciation costs.
It has delivered exceptional multi-year growth, with revenue rising sharply from Rs. 104 cr in FY21 to Rs. 2,742 cr in FY26, reflecting a strong expansion trajectory. EBITDA also scaled significantly from Rs. 64 cr to Rs. 1,006 cr over the same period, indicating improved operating efficiency.
Profit after tax (PAT) saw the fastest growth, surging from Rs. 14 cr in FY21 to Rs. 509 cr in FY26 with a CAGR of 105%. Overall, the company has demonstrated consistent and accelerating growth across revenue, profitability, and margins over the last five years.
Dividend
The board has proposed a total dividend of Rs. 0.40 per share, comprising a final dividend of Rs. 0.25 per share and a special dividend of Rs. 0.15 per share, linked to the successful energisation of its 1 GW IPP project. The payout will be made only after obtaining shareholder approval.
Capacity Highlights
It has significantly expanded its renewable energy capacity, with the total portfolio rising from 3.91 GW in FY25 to 6.26 GW in FY26. The IPP segment grew to 2.57 GW, comprising 0.96 GW installed and 1.61 GW under development, while the CPP segment reached 3.69 GW with 0.66 GW installed and a strong pipeline of 3.03 GW.
Overall, the company’s growth is driven by substantial additions across both segments, with a large portion of capacity under execution, indicating strong future scalability. As of March 31, 2026, the company demonstrates significant growth and a clear path toward its long-term objectives. Currently, the group has an installed capacity of 1.62+ GW, with a substantial 4.64+ GW of work in progress, positioning it well to achieve its ambitious 2030 target of 10+ GW.
This expansion is supported by a robust infrastructure, including a land bank exceeding 7,210 acres and a power evacuation capacity of 3.59+ GW. Financially, the company maintains a strong profile with credit ratings of A (Stable) and AA+ (CE) from CRISIL and ICRA specifically for its Green Bond Issue, reflecting investor confidence in its renewable energy transition.
KPI Green Energy Ltd is an India-based renewable energy company focused on developing and operating solar power projects. It primarily provides solar energy solutions under the Independent Power Producer (IPP) and Captive Power Producer (CPP) segments, catering to commercial and industrial clients. The company is part of the KP Group and has been expanding its footprint through large-scale solar parks and hybrid renewable projects, contributing to India’s clean energy transition.
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