GK Energy Limited – Investor Presentation Summary

Key Operational Highlights

  • 19,391 systems installed in Q2 FY27, representing 41.80% YoY growth
  • 43,509 systems installed in H1 FY27, representing 77.57% YoY growth
  • 84 MW installed in Q2 FY27, representing 33.33% YoY growth
  • 193 MW installed in H1 FY27, representing 70.80% YoY growth
  • 1,300+ installer members serving rural markets
  • 200+ team leads
  • Presence across 6 states and 7,500+ villages
  • 1,84,000+ overall systems installed historically
  • 800+ MW overall capacity commissioned historically
  • 18 years of rural market engagement

Key drivers of operational performance: Strong ecosystem of installation partners, continuous market intelligence gathering, established last mile execution platform, direct consumer engagement across rural markets.

Financial Highlights

Q2 FY27 Performance:

  • Revenue: ₹4,026.54 Mn, 12.3% YoY growth
  • EBITDA: ₹744.15 Mn, 18.5% margin
  • PAT: ₹493.64 Mn, 6.3% YoY growth, 12.3% margin

H1 FY27 Performance:

  • Revenue: ₹9,078.46 Mn, 38.9% YoY growth
  • EBITDA: ₹1,605.29 Mn, 17.7% margin
  • PAT: ₹1,090.37 Mn, 30.7% YoY growth, 12.0% margin

Cost Structure Analysis:

  • Cost of Goods Sold: ₹2,732.37 Mn in Q2 FY27 (10.8% YoY growth)
  • Employee Benefit Expenses: ₹81.46 Mn in Q2 FY27 (15.7% YoY growth)
  • Finance Cost: ₹72.74 Mn in Q2 FY27 (32.9% YoY decrease)
  • Installation & Project Admin Charges: ₹306.99 Mn in Q2 FY27 (14.7% YoY growth)

Drivers of financial performance: Higher system installations across villages, cost discipline, reducing finance costs.

Working Capital & Balance Sheet Snapshot

Working Capital as on H1 FY27:

  • Debtor Days: 204 days
  • Creditor Days: 36 days
  • Inventory Days: 23 days
  • Net Working Capital Days: 191 days

Balance Sheet Position (H1 FY27):

  • Total Assets: ₹15,342.47 Mn
  • Property, Plant & Equipment: ₹1,039.94 Mn
  • Inventories: ₹823.53 Mn
  • Trade Receivables: ₹10,123.84 Mn
  • Cash & Cash Equivalents: ₹50.45 Mn
  • Other Bank Balances: ₹1,852.47 Mn
  • Total Equity: ₹9,812.74 Mn
  • Total Borrowings: ₹3,440.70 Mn (Net debt position: ₹1,537.78 Mn)

Financial Health Insights: The Company has received ₹3,774.80 Mn after 30th September 2026 till date, reducing outstanding considerably.

Order Book & Growth Outlook

  • Current order book: ₹7,880 Mn as of 30th September 2026 including orders received post September 2026
  • Includes 150 MW / 300 MWh utility-scale BESS order in Maharashtra
  • Institutional order to install 100,000 Rooftop Solar Systems
  • Subsequent award for 14,000 off-grid solar pumps
  • Target of 1 million installed systems by 2030
  • Vision to build USD 1 billion business by 2030

Strategic & Expansion Initiatives

Investments in Innovation: Expanding into Battery Energy Storage Systems (BESS), hybrid energy solutions, and other renewable energy segments. Portfolio spans solar modules, inverters, controllers, pumping and storage systems.

Expected impact on growth: Expansion into BESS and hybrid offerings addresses customer needs for power backup, lower electricity costs and peak demand management.

Strategic Rationale: Technology-defined, low-capex Controlled Manufacturing Ecosystem enabling capital allocation towards execution and working capital rather than fixed assets.

Management Commentary & Growth Outlook

Strategic Outlook: "Building on our established business of solar-powered agriculture pump systems, GK Energy is now scaling rooftop solar and expanding into energy storage. This progression advances our ambition to build India's largest decentralized renewable energy execution and integration platform."

FY Guidance: Target of 1 million installed systems and USD 1 billion business by 2030.

Risks and Opportunities: Priority is to convert emerging opportunities into profitable growth through timely execution, dependable products, responsive service and disciplined capital allocation.

Industry Trends & Business Environment

Macro/Industry Trends: Strong alignment to government programme frameworks including PM KUSUM, PM Surya Ghar Yojana, and Magel Tyala Saur Krushi Pump Yojna. Less than 30% irrigation coverage and less than 2% solar pump penetration provide long-term opportunity.

Impact on Company: Government schemes driving residential and commercial rooftop solar adoption, creating significant market expansion opportunities for GK Energy's established rural distribution network.

ESG & Sustainability Impact

  • Contributions to over 10 million kg of annual CO₂ savings
  • Supporting India's Net Zero 2070 ambition
  • Energy security across 7,500+ villages through decentralized renewable energy solutions
  • Rural employment generation through 1,300+ installer network