Financial Performance Highlights (Consolidated)

Q1 FY27 Financial Results:

  • Total Income: ₹324 Crore (up 79% YoY from ₹181 Crore in Q1 FY26)
  • EBITDA: ₹294 Crore (up 86% YoY from ₹159 Crore)
  • EBITDA Margin: 91% (expanded by 300 bps from 88% YoY)
  • PAT: ₹33 Crore (up 54% YoY from ₹22 Crore)
  • Cash PAT: ₹108 Crore (up 50% YoY from ₹72 Crore) - computed as PAT + Depreciation and amortization expense
  • Operating Income: ₹291 Crore (up 81% YoY)
  • Operating EBITDA: ₹261 Crore (up 89% YoY)
  • Operating EBITDA Margin: 90% (expanded by 400 bps YoY)
  • Days Receivable Outstanding: 19 days as of June 30, 2026

Capacity Commissioning Updates

Q1 FY27 Commissioning:

  • Total RE Capacity: 601 MWp (highest ever quarterly commissioning)
  • Solar: 458 MWp
  • Wind: 143 MW
  • BESS: 403 MWh added

Operational Capacity Status:

  • As of June 30, 2026: 2,409 MWp operational capacity
  • Post quarter-end: Additional 167 MW wind capacity commissioned
  • Current operational capacity: 2,575 MWp
  • Current operational BESS capacity: 503 MWh

New Awards and PPA Execution (Post June 30, 2026)

Signed PPA:

  • 25-year Power Purchase Agreement with SJVN Limited
  • Project: 50 MW FDRE project
  • Tariff: ₹4.25/kWh
  • Date: August 26, 2026

New Tenders Secured:

1. SECI FDRE Round-the-Clock (Thermal Mimic) Tender:

  • Contracted capacity: 230 MW
  • Planned capacity: 870 MWp with 2,200 MWh BESS
  • Tariff: ₹5.26/kWh
  • Status: Letter of Award received

2. GUVNL Wind Tender:

  • Capacity: 50 MW wind project
  • Tariff: ₹3.51/kWh

Portfolio Overview

Total Portfolio as on date:

  • Capacity: 11,216 MWp
  • BESS Capacity: 8,989 MWh

Portfolio Quality:

  • 98% of portfolio with off-takers rated 'A' or above
  • 98% of portfolio secured through long-term PPAs (typically 25 years)
  • Connectivity secured, granted and/or applied for full portfolio
  • Surplus connectivity: Over 4,500 MW available for future bids
  • BESS connectivity: Available for installation of more than 20,000 MWh

Operational Highlights Q1 FY27

  • Capacity Utilization Factor (CUF): 30.2% (improved from 28.2% in Q1 FY26)
  • Generation: 944 million units (up 72% YoY)
  • Weighted average CUF for wind projects (192 MW): 49.9%
  • Weighted average CUF for solar projects (935 MW): 27.9%

Financing & Balance Sheet Update

Capex:

  • Total Capex incurred till June 30, 2026: ₹16,303 Crore
  • Q1 FY27 Capex addition: ₹1,183 Crore

Debt Position (as of June 30, 2026):

  • Net Debt: ₹11,217 Crore
  • Net Debt for operational portfolio: ₹7,183 Crore
  • Weighted average cost of debt for operational portfolio: 8.58% p.a.

Refinancing:

  • Refinanced over ₹1,700 Cr across 3 projects in current fiscal
  • Weighted average interest rate: under 8% p.a.

Equity Position:

  • Net Worth as of June 30, 2026: ₹3,463 Crore
  • Net Debt to Equity: 3.24x
  • IPO raised primary funds: ₹1,800 Crore in August 2026
  • Post-IPO Net Worth: ~₹5,200 Crore

Additional Information

  • The company commissioned India's first FDRE project under the SJVN FDRE Tender
  • Additional BESS ordered for ~4,000 MWh of capacity
  • This intimation is hosted on the company's website at https://www.junipergreenenergy.com/