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Revenue
₹477 Cr
verified against source
Revenue YoY
40%
reported change
EBITDA
₹313 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
GK Energy delivered a strong Q4 FY26 with standalone revenue of ₹532.54 Cr (up 40% YoY) and PAT of ₹201 Cr (up 51% YoY), driven by robust demand in Maharashtra and Madhya Pradesh under the Magel Tala scheme. EBITDA margin expanded 180 bps to 20.44%, aided by asset-light execution and supply chain efficiencies. Management guided for revenue doubling to ~₹3,000 Cr in FY27, targeting 1.2-1.4 lakh pump installations and ₹600-800 Cr from rooftop solar. Order book stands at ₹710 Cr as of April 2026. Key risk: PM-KUSUM 2.0 delays could pressure H2 volumes, though rooftop and Magel Tala provide buffers.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets doubling revenue to ~₹3,000 Cr in FY27, driven by 1.2-1.4 lakh pump installations and ₹600-800 Cr from rooftop solar.
- Current monthly installation capacity is 15,000 pumps, enabling scaling to meet FY27 targets.
- Management expects to maintain double-digit net margins, similar to FY26's 13% PAT margin.
- Management expects working capital days to stay in the 140-150 day range, with potential improvement from inventory reduction.
Risks flagged
- The PM-KUSUM 2.0 scheme has been delayed, which could impact H2 FY27 volumes if not launched in time.
- Rising raw material prices could pressure margins, though management mitigates via forward agreements and volume benefits.
- Increasing competition in the solar pump market could lead to pricing pressure, but management relies on brand and scale.
- Doubling revenue to ₹3,000 Cr may require ~₹1,000 Cr working capital, which could strain liquidity if not managed.
Key quotes
- We would like to close to the double number of what we have done this year. This is what the we are targeting right now.
- We are a satellite company. We are happy to have 1% less profit but we want to be very clear what we are going to earn it.
- My current capacity is around 15,000 system to be get installed in the remote locations.
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