KPI Green Energy Limited (ISIN: INE542W01025) has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's performance for Q2 FY26 showcases impressive year-on-year growth:

• Total revenue increased by 78% to INR 641.10 crores, up from INR 361.40 crores in Q2 FY25
• EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) grew by 73% to INR 232.40 crores
• Profit Before Tax (PBT) rose by 63.4% to INR 158.00 crores
• Profit After Tax (PAT) expanded by 67% to INR 117.00 crores

For the first half of FY26, KPI Green Energy reported:

• Total revenue of INR 1,255.26 crores, a 76.5% increase from the same period last year
• EBITDA of INR 449.30 crores, up 68%
• PBT and PAT growth of 63.9% and 67.7% respectively

Strategic Financing Initiatives

KPI Green Energy has successfully secured significant financing to support its growth:

1. The company issued India's first externally credit-enhanced green bond of INR 670.00 crores, backed by a 65% guarantee from GuarantCo. The bonds were rated AA+(CE) by CRISIL and ICRA and are listed on the National Stock Exchange.

2. A major milestone was achieved with a INR 3,200.00 crores term loan sanction from State Bank of India's Project Finance Unit. This financing will support the development of a 250-megawatt solar project and a 370-megawatt hybrid project under a long-term Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL).

Operational Progress

The company reported steady progress in project execution:

• The 250-megawatt solar and 370-megawatt hybrid projects are advancing as scheduled, with partial commissioning expected in the coming quarters.
• These projects, along with 150-megawatt wind projects, represent nearly INR 5,500.00 crores in capital expenditure.
• Upon commissioning, these projects are expected to contribute to revenue and cash flows in the upcoming financial years.

Order Book and New Wins

KPI Green Energy has secured several new projects, strengthening its order book:

• 200-megawatt solar project with SJVN
• 96-megawatt Balance of System (BoS) for Aditya Birla Renewables
• 100-megawatt repeat order from Avichal Power

The company has also obtained a Category A Power Trading License, positioning it to capture new opportunities in the open-access and energy trading space.

Strategic Partnerships and Future-Ready Technologies

KPI Green Energy is expanding into emerging technologies through strategic partnerships:

• Signed a Memorandum of Understanding (MoU) with Delta Electronics India for collaboration on battery energy storage systems, green hydrogen, and EV charging infrastructure.
• Formed a green ammonia joint venture with AHES Korea and GH2 Solar India.

Management Commentary

Salim Yahoo, Chief Financial Officer of KPI Green Energy, stated, "We have once again delivered a remarkable performance, achieving our sixth consecutive quarter of record revenue and profitability. This consistent upward trajectory underscores the robustness of our business model and our focused execution strategy."

Outlook

With a strong order book, strategic financing in place, and expansion into future-ready technologies, KPI Green Energy is well-positioned for continued growth. The company remains focused on executing its project pipeline efficiently, maintaining financial discipline, and delivering consistent returns to stakeholders.

As the renewable energy sector in India continues to expand towards the government's target of 500 gigawatts by 2030, KPI Green Energy is poised to play a significant role in this growth story.

KPI Green Energy Limited , a leading player in India's renewable energy sector, has reported record-breaking quarterly results for the quarter ended September 30, marking its sixth consecutive quarter of highest-ever revenue.

Financial Highlights

The company's consolidated revenue surged to ₹641.10 crore, marking a substantial 77.40% increase from ₹361.40 crore in the same period last year. This impressive top-line growth underscores KPI Green Energy's expanding market presence and successful project execution in the renewable energy space.

Profitability also saw a notable improvement, with profit after tax rising 67.00% to ₹116.60 crore from ₹69.80 crore in the previous year. This substantial increase in bottom-line performance highlights KPI Green Energy's effective cost management and operational efficiency.

Half-Year Performance

For the half-year period, KPI Green Energy continued its strong performance. Total revenue grew 76.50% to ₹1,255.26 crore, while profit after tax increased 67.70% to ₹227.96 crore, demonstrating consistent growth across a longer timeframe.

Dividend Declaration

In light of the robust financial performance, the company has declared a second interim dividend of 5% (₹0.25 per equity share). The record date for this dividend has been set as November 14.

Strategic Developments

KPI Green Energy has made significant strides in its financial strategy:

1. The company issued India's first externally credit-enhanced green bond worth ₹670.00 crore, showcasing its innovative approach to financing and commitment to green energy projects.

2. It has secured a substantial ₹3,200.00 crore sanction from State Bank of India for solar and hybrid projects, indicating strong institutional backing for its expansion plans.

Looking Ahead

The record-breaking quarterly performance, coupled with strategic financial moves, positions KPI Green Energy favorably in India's rapidly growing renewable energy market. The company's focus on expanding its project portfolio and securing robust financing demonstrates its commitment to sustainable growth and contribution to India's renewable energy goals.

As KPI Green Energy continues to execute its growth strategy, investors and industry observers will be watching closely to see how the company leverages these positive results and new financial arrangements to drive long-term value creation and further strengthen its position in the renewable energy sector.