What was KPI Green Energy's revenue in Q4 FY26?

KPI Green Energy reported revenue of ₹796 Cr in Q4 FY26, a +56% change year-over-year.

Did KPI Green Energy management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

KPI Green Energy Q4 FY26 Research Workspace: Revenue ₹796 Cr (+56%)

Q: What guidance did KPI Green Energy management give?

40-50% CAGR revenue growth through FY30: Management reiterated a 40-50% year-on-year growth target for the foreseeable future, driven by strong IP and CPP pipelines.

Revenue ₹796 Cr +56%

EBITDA ₹1,006 Cr +73%

PAT ₹155 Cr +57%

EBITDA Margin 37% +360bps

Duration 93 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

KPI Green Energy delivered a strong Q4 FY26 with revenue of ₹2,742 crore (+56% YoY), EBITDA of ₹1,006 crore (+73% YoY), and PAT of ₹509 crore (+57% YoY). EBITDA margin expanded ~360bps to ~36.7%, driven by a favorable mix shift toward the high-margin IP segment (85-90% EBITDA margin). The company's installed capacity reached 1.62 GW with a pipeline of 6.26 GW, including 2.57 GW IP and 3.69 GW CPP. Management reiterated a 40-50% CAGR growth target through FY30, supported by a ₹5,246 crore CPP order book and strong IP additions. Key risks include rising interest costs (peak ~₹300 crore) and potential margin pressure from the nascent BESS segment. The Botswana 500 MW project is progressing, with PPA signing expected shortly.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Rising interest costs from IP capex

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Quarter Snapshot

Installed Capacity (IP+CPP) 1.62 GW

+0.97 GW YoY

Total installed capacity as of March 31, 2026, up from ~0.65 GW in FY25.

CPP Order Book ₹5,246 Cr

+₹1,246 Cr YoY

Order book for captive power projects, up from ~₹4,000 Cr in FY25.

IP Portfolio (Installed + Upcoming) 2.57 GW

+1.57 GW YoY

Independent power portfolio capacity, up from ~1.0 GW in FY25.

BESS Order Wins 1.13 GW

+1.13 GW YoY

Battery energy storage system orders won during FY26, including 890 MW and 240 MW projects.

Fast read

Guidance and risk preview

Top guidance 40-50% CAGR revenue growth through FY30

Management reiterated a 40-50% year-on-year growth target for the foreseeable future, driven by strong IP and CPP pipelines.

Top risk Rising interest costs from IP capex

Interest costs more than doubled to ₹182 crore in FY26, and management expects a peak of ~₹300 crore, which could pressure near-term profitability.