GP Eco Solutions reports FY26 PAT of ₹40.12 crore, revenue up 69%
GP Eco Solutions India Limited reported a 287.28% YoY rise in PAT to ₹40.12 crore for FY26, with revenue increasing 68.82% to ₹417.71 crore. EBITDA grew 270.96% to ₹62.59 crore, and margins expanded to 14.98%. The company targets 3x revenue growth in FY27 and 5x in FY28, focusing on scaling its BESS capacity to 3 GWh.

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GP Eco Solutions India Limited reported a 287.28% year-on-year increase in Profit After Tax (PAT) to ₹40.12 crore for the financial year ended March 31, 2026 (FY26). Total revenue grew 68.82% to ₹417.71 crore, driven by performance in its EPC and Battery Energy Storage Systems (BESS) segments. The company’s EBITDA for FY26 stood at ₹62.59 crore, with margins expanding to 14.98% from 6.82% in the previous year.
GP Eco Solutions India Limited disclosed these figures in an investor presentation submitted to the National Stock Exchange of India Ltd. The company attributed the strong financial performance to its integrated solar and energy storage platform. For FY26, the company achieved a PAT margin of 9.61%, compared to 4.19% in FY25.
Financial Performance
The company’s total income increased to ₹417.71 crore in FY26 from ₹247.44 crore in FY25. Key expenses included raw material costs of ₹326.58 crore and employee benefit expenses of ₹9.68 crore. Finance costs rose to ₹7.11 crore during the year.
| Particulars (INR Cr) | FY25 | FY26 | Y-o-Y Change |
|---|---|---|---|
| Total Income | 247.44 | 417.71 | ▲ 68.82% |
| EBITDA | 16.88 | 62.59 | ▲ 270.96% |
| PAT | 10.36 | 40.12 | ▲ 287.28% |
| EPS (INR) | 8.85 | 33.91 | ▲ 283.90% |
Strategic Outlook
Management has set a target for 3x revenue growth in FY27 and 5x in FY28, using FY26 as a base year. The strategic focus remains on the BESS segment. Through its subsidiary Invergy India, the company currently has an installed base of 50+ MWh and a total BESS capability of 500+ MWh, which it plans to scale up to 3 GWh.
Operational Highlights
The company is expanding its manufacturing footprint with a new facility in Dasna, Uttar Pradesh. The Dasna factory, spanning 217,000 sq. ft., is scheduled to commence operations in Q4FY26. Additionally, the company commissioned India’s first fully indigenous 1 MWh BESS in April 2026, featuring 100% indigenous intellectual property.
Historical Stock Returns for GP Eco Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | -6.91% | +21.96% | -6.02% | +38.49% | +17.23% |
How will the company finance the significant capital expenditure required to scale BESS capacity from 500+ MWh to 3 GWh?
What specific market demand drivers support the management's aggressive targets of 3x revenue growth in FY27 and 5x in FY28?
How will the commencement of the Dasna manufacturing facility in Q4FY26 impact gross margins and production capacity in the coming fiscal year?

































