Order Book Value
₹3,000 Cr
+32% QoQ
Order book increased to ~2 GW with addition of 230 MW in Q4.
KPENERGY
Energy
15 May 2026
K.P. Energy Ltd — Q4 FY26
K.P.
✓ Verified against BSE filing
2-Min 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.
Key Numbers
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.
Management Guidance
40-50% revenue growth in FY27
Management expects revenue growth of 40-50% in FY27, supported by strong order book and execution momentum.
Management guidance revenue200 MW IPP capacity under development
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.
Management guidance expansion10 GW total renewable portfolio target by 2030
Long-term vision to cross 10 GW total renewable portfolio by 2030, including wind, hybrid, and offshore.
Management guidance growthKey Risks
Working capital strain from inventory buildup
Inventory increased significantly to secure supply chain amid geopolitical uncertainties, impacting operating cash flow.
medium · management_commentaryGeopolitical disruptions affecting supply chain
Management cited geopolitical situation as reason for higher inventory and advances, which could delay project execution if persists.
medium · analyst_questionDependence on group entity for 50% of order book
Approximately 50% of the ₹3,000 Cr order book is from group entities, raising concentration risk.
medium · analyst_questionOffshore wind policy uncertainty
Offshore wind segment is at nascent stage with policy and tariff framework yet to be finalized, delaying potential entry.
low · management_commentaryNotable 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.
Frequently Asked Questions
What was K.P. Energy's revenue in Q4 FY26?
K.P. Energy reported revenue of ₹632 Cr in Q4 FY26, representing a +59% change compared to the same quarter last year.
What guidance did K.P. Energy management give for FY27?
40-50% revenue growth in FY27: Management expects revenue growth of 40-50% in FY27, supported by strong order book and execution momentum. 200 MW IPP capacity under development: 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. 10 GW total renewable portfolio target by 2030: Long-term vision to cross 10 GW total renewable portfolio by 2030, including wind, hybrid, and offshore.
What are the key risks for K.P. Energy in FY27?
Key risks include Working capital strain from inventory buildup — Inventory increased significantly to secure supply chain amid geopolitical uncertainties, impacting operating cash flow.; Geopolitical disruptions affecting supply chain — Management cited geopolitical situation as reason for higher inventory and advances, which could delay project execution if persists.; Dependence on group entity for 50% of order book — Approximately 50% of the ₹3,000 Cr order book is from group entities, raising concentration risk.; Offshore wind policy uncertainty — Offshore wind segment is at nascent stage with policy and tariff framework yet to be finalized, delaying potential entry..
Did K.P. Energy meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full K.P. 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.