Pump installations (Q4)
17,008
+15% YoY
Installed 17,008 pumps in Q4 FY26 vs 14,797 in Q4 FY25.
GKENERGY
Energy
15 May 2026
GK Energy Ltd — Q4 FY26
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.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
Annual pump installations (FY26)
61,000+
+34% YoY
Installed over 61,000 pumps in FY26 vs 45,500 in FY25.
Cumulative installed capacity
617 MW
N/A
Total renewable energy capacity installed across India as of FY26.
Order book
₹710 Cr
N/A
Order book as on 31st March 2026, including post-April orders.
Management Guidance
Revenue target of ~₹3,000 Cr for FY27
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.
Management guidance revenueMonthly installation capacity of 15,000 pumps
Current monthly installation capacity is 15,000 pumps, enabling scaling to meet FY27 targets.
Management guidance growthDouble-digit net margin guidance
Management expects to maintain double-digit net margins, similar to FY26's 13% PAT margin.
Management guidance marginsWorking capital days to remain around 140-150 days
Management expects working capital days to stay in the 140-150 day range, with potential improvement from inventory reduction.
Management guidance otherKey Risks
PM-KUSUM 2.0 delay
The PM-KUSUM 2.0 scheme has been delayed, which could impact H2 FY27 volumes if not launched in time.
high · analyst_questionRaw material price volatility
Rising raw material prices could pressure margins, though management mitigates via forward agreements and volume benefits.
medium · analyst_questionCompetitive intensity in solar pumps
Increasing competition in the solar pump market could lead to pricing pressure, but management relies on brand and scale.
medium · analyst_questionWorking capital requirement for growth
Doubling revenue to ₹3,000 Cr may require ~₹1,000 Cr working capital, which could strain liquidity if not managed.
medium · analyst_questionNotable 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.
Frequently Asked Questions
What was GK Energy's revenue in Q4 FY26?
GK Energy reported revenue of ₹477 Cr in Q4 FY26, representing a +40% change compared to the same quarter last year.
What guidance did GK Energy management give for FY27?
Revenue target of ~₹3,000 Cr for FY27: 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. Monthly installation capacity of 15,000 pumps: Current monthly installation capacity is 15,000 pumps, enabling scaling to meet FY27 targets. Double-digit net margin guidance: Management expects to maintain double-digit net margins, similar to FY26's 13% PAT margin. Working capital days to remain around 140-150 days: Management expects working capital days to stay in the 140-150 day range, with potential improvement from inventory reduction.
What are the key risks for GK Energy in FY27?
Key risks include PM-KUSUM 2.0 delay — The PM-KUSUM 2.0 scheme has been delayed, which could impact H2 FY27 volumes if not launched in time.; Raw material price volatility — Rising raw material prices could pressure margins, though management mitigates via forward agreements and volume benefits.; Competitive intensity in solar pumps — Increasing competition in the solar pump market could lead to pricing pressure, but management relies on brand and scale.; Working capital requirement for growth — Doubling revenue to ₹3,000 Cr may require ~₹1,000 Cr working capital, which could strain liquidity if not managed..
Did GK Energy meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full GK Energy Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.