Juniper Green Energy commissions 12.40 MW wind capacity

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Juniper Green Energy commissioned 12.40 MW of wind capacity via its subsidiary
  • Project capacity now stands at 177.6 MWp out of a planned 232.4 MWp
  • Group's total operational capacity reaches approximately 2,588 MWp
  • BESS capacity remains at ~201 MWh for the project and ~500 MWh for the group
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Juniper Green Energy Limited has commissioned 12.40 MW of wind power capacity through its wholly owned subsidiary, Juniper Green Stellar Private Limited. This addition forms part of a larger 120 MW Firm and Dispatchable Renewable Energy Project.

The commissioning brings the cumulative capacity under this specific project to 177.6 MWp and approximately 201 MWh of Battery Energy Storage System (BESS). The total planned capacity for this project is 232.4 MWp and ~201 MWh BESS.

Operational Capacity Update

Following this commissioning, the aggregate operational capacity of Juniper Green Energy Limited and its subsidiaries stands at approximately 2,588 MWp and ~500 MWh BESS as of September 1, 2026.

Metric Current Status Planned Capacity
Project Capacity 177.6 MWp 232.4 MWp
BESS Capacity ~201 MWh ~201 MWh
Group Total Capacity ~2,588 MWp N/A
Group Total BESS ~500 MWh N/A

Regulatory Disclosure

The company made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued to both the National Stock Exchange of India Limited and BSE Limited on September 1, 2026.

Prashant Pandia, Company Secretary and Compliance Officer, signed the disclosure. The company's registered office is located in New Delhi, with its corporate office in Gurugram.

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How will the integration of 201 MWh of BESS impact Juniper Green Energy's revenue stability and ability to meet Firm and Dispatchable Renewable Energy (FDRE) obligations?

What is the projected timeline for commissioning the remaining 54.8 MWp of wind capacity to reach the total planned project size of 232.4 MWp?

How does this expansion position Juniper Green Energy against competitors in the Indian renewable energy sector regarding operational scale and storage capabilities?

Juniper Green Energy Q1FY27 profit up 54% to ₹335m; revenue surges 81%

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Consolidated net profit rose 54% YoY to ₹335 million in Q1FY27
  • Revenue surged 81% to ₹2,900 million driven by capacity commissioning
  • EBITDA margin expanded by 392 bps to 89.82%
  • Commissioned 601 MWp renewable capacity and 400 MWh BESS in the quarter
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Juniper Green Energy reported a 54% year-on-year increase in consolidated net profit to ₹335 million for the quarter ended June 30, 2026. Consolidated revenue rose 81% to ₹2,900 million, reflecting strong operational execution and capacity commissioning.

The Board of Directors of Juniper Green Energy Limited approved the unaudited standalone and consolidated financial results on August 26, 2026, based on the recommendation of the Audit Committee. The results, along with the limited review report issued by the statutory auditors, are available on the company’s website.

Financial Highlights

Consolidated total income rose 81% to ₹2,900 million compared to ₹1,600 million in the corresponding quarter of FY26. This represents a significant quarter-on-quarter increase from previous periods. Standalone revenue grew 68% to ₹1,136.3 million. EBITDA surged 89% year-on-year to ₹2,600 million, with margins expanding by 392 basis points to 89.82%.

Metric Consolidated Q1FY27 Consolidated Q1FY26 Change Consolidated Q4FY26 QoQ Change
Total Income ₹2,900 million ₹1,600 million +81% ₹244 crore +33%
Net Profit ₹335 million ₹217 million +54% ₹22 crore +55%
EBITDA ₹2,600 million ₹1,380 million +89% ₹214 crore +38%
EBITDA Margin 89.82% 85.90% +392 bps 88% +300 bps

EBITDA represents profit before finance cost, depreciation, amortisation, and taxes.

Operational Growth

The company commissioned 601 MWp of renewable energy capacity in Q1FY27, comprising 458 MWp of solar and 143 MW of wind projects. This marks the highest quarterly commissioning by Juniper Green Energy. Post-quarter, an additional 167 MW of wind capacity was commissioned, bringing the total operational portfolio to 2,575 MWp as on date.

Battery Energy Storage System (BESS) operations also saw substantial growth. The company commissioned approximately 400 MWh of BESS capacity in Q1FY27, increasing total operational BESS capacity from 101 MWh in FY26 to 503 MWh as on date.

What the Numbers Show

The surge in net profit was significantly aided by a change in accounting estimates. Effective April 1, 2026, the group revised the useful life of its plant and machinery based on operational efficiency reviews. This prospective change reduced the depreciation charge by ₹124.05 million, contributing ₹97.43 million to the post-tax profit for the quarter. Without this adjustment, the consolidated net profit would have been lower. Finance costs increased to ₹1,758.2 million from ₹792.1 million year-ago, reflecting the growing asset base. Cash PAT, which adds back depreciation, rose 50% YoY to ₹108 crore.

Pipeline and Tenders

Juniper Green Energy secured two major tender wins post-June 30, 2026:

  • SECI FDRE Round-the-Clock Tender: Won for 870 MWp solar and 2,200 MWh BESS at a tariff of ₹5.26/kWh.
  • GUVNL Wind Tender: Won for a 50 MW wind project at a tariff of ₹3.51/kWh.

Additionally, the company signed a 50 MW PPA with SJVN under its Firm and Dispatchable Renewable Energy (FDRE) portfolio at a tariff of ₹4.25/kWh. The total portfolio as on date stands at 11,216 MWp plus 8,989 MWh of BESS.

Balance Sheet and Off-takers

As on June 30, 2026, the company’s net debt stood at ₹11,217 crore, with a Net Debt-to-Net Worth ratio of 3.24x. Following an IPO in August 2026 that raised ₹1,800 crore, the post-IPO net worth increased to approximately ₹5,200 crore. The weighted average cost of debt for the operational portfolio is 8.58% p.a.

The off-taker mix remains high-quality, with 98% of the portfolio backed by long-term PPAs with entities rated “A” or above. Central government entities account for 75% of the portfolio, including SJVN (24%), NHPC (22%), NTPC (16%), and SECI (14%). Days Receivable Outstanding improved to 19 days as on June 30, 2026, down from 22 days in FY26.

Key Participants

The following executives are confirmed to participate in the discussion:

  • Ankush Malik, Whole-time Director and Chief Executive Officer
  • Parag Agrawal, Whole-time Director and Chief Financial Officer
  • Bajrang Lal Bhura, General Manager, Investor Relations

Access Details

Investors can join the call via universal dial-in numbers or international toll-free lines. Pre-registration is available through a Diamond Pass to avoid waiting queues.

Region Access Number
Universal Dial In +91 22 6280 1102 / +91 22 7115 8003
Hong Kong 800 964 448
Singapore 800 101 2045
UK 0 808 101 1573
USA 1 866 746 2133

The company noted that forward-looking statements during the call may involve risks and uncertainties. Participants are advised not to place undue reliance on such projections.

Historical Stock Returns for Juniper Green Energy

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How will the recent accounting change regarding asset useful life impact Juniper Green Energy's reported profitability and cash flow metrics in subsequent quarters?

Given the high net debt-to-equity ratio of 3.24x, how does management plan to optimize the capital structure using proceeds from the recent IPO and future cash flows?

What is the projected timeline for commissioning the newly won 870 MWp SECI FDRE project, and how will it contribute to revenue growth in FY28?

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