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KPENERGY Energy 15 May 2026

K.P. Energy Ltd — Q4 FY26

K.P.

bullish high
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Revenue ₹632 Cr +59%
EBITDA ₹328 Cr +68%
PAT ₹79 Cr +57%
EBITDA Margin 21% +136bps
Duration 43 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

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.

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Risk Intelligence

Working capital strain from inventory buildup

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Quarter Snapshot

Order Book Value ₹3,000 Cr
+32% QoQ

Order book increased to ~2 GW with addition of 230 MW in Q4.

O&M Portfolio 646 MW
+12% YoY

Managed under 24x7 NOC with AI-based alerts and SCADA dashboards.

IPP Operational Capacity 48.5 MW
flat YoY

200 MW additional IPP capacity under development, targeting 250 MW total.

Credit Rating A- (Stable)
+2 notches

Upgraded from BBB (Negative) by K Ratings during FY26.

Fast read

Guidance and risk preview

Top guidance 40-50% revenue growth in FY27

Management expects revenue growth of 40-50% in FY27, supported by strong order book and execution momentum.

Top risk Working capital strain from inventory buildup

Inventory increased significantly to secure supply chain amid geopolitical uncertainties, impacting operating cash flow.

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