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Revenue
₹632 Cr
verified against source
Revenue YoY
59%
reported change
EBITDA
₹328.44 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
K.P. Energy delivered a record Q4 FY26 with revenue of ₹631.81 Cr (up 83% QoQ) and PAT of ₹78.69 Cr (up 72% YoY), driven by strong execution in the EPC and infrastructure segment. Full-year revenue crossed ₹1,500 Cr for the first time, with EBITDA margin expanding 136 bps to 21.82%. The order book stands at ~2 GW (₹3,000 Cr), providing 12-18 months visibility. Management guided for 40-50% revenue growth in FY27, supported by a 230 MW order addition in Q4 and a 200 MW IPP pipeline. Key risk: working capital strain from inventory buildup and project mobilization could pressure cash flows if geopolitical disruptions persist.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects revenue growth of 40-50% in FY27, supported by strong order book and execution momentum.
- Two 100 MW IPP projects with total project cost of ~₹1,700 Cr, funded by ~₹450 Cr equity and balance debt at 7.5-8.5% interest.
- Long-term vision to cross 10 GW total renewable portfolio by 2030, including wind, hybrid, and offshore.
Risks flagged
- Inventory increased significantly to secure supply chain amid geopolitical uncertainties, impacting operating cash flow.
- Management cited geopolitical situation as reason for higher inventory and advances, which could delay project execution if persists.
- Approximately 50% of the ₹3,000 Cr order book is from group entities, raising concentration risk.
- Offshore wind segment is at nascent stage with policy and tariff framework yet to be finalized, delaying potential entry.
Key quotes
- The next decade of renewable energy will not be led by companies that only generate power but by the companies that can integrate generation, transmission, storage and execution into one scalable ecosystem.
- We were a 73 crore revenue company in FY21. We are now a 156 crore revenue business in FY26. That is a six-year CAGR of approximately 83%.
- Every gigawatt of new wind installation in India requires BOP and EPC services which eventually leads to an addressable market for our services.
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