Juniper Green Energy Q2 FY27 EBITDA Margin 91%

Operational capacity reached 2,844 MWp + 604 MWh BESS as of the date of the presentation.
Commissioned 1,036 MWp RE capacity & 503 MWh BESS in FY27 till date across 11 sites in 3 states.
Commissioned 316 MWp of RE capacity and ~100 MWh of BESS in Q2 FY27, meeting the guidance of 250–300 MWp for the quarter.
Operational wind capacity increased by 542 MW from 151 MW in FY26 to 693 MW; wind CUF was 50% in Q2 FY27.
Generation increased 127% YoY to 1,130 million units in Q2 FY27.
H1 FY27 portfolio update: PPA signed for 50 MW (SJVN FDRE) and LoAs received for 280 MW contracted capacity (SECI FDRE RTC 230 MW; GUVNL wind 50 MW).
Total operational + PPA signed capacity stands at 6,139 MWp and total portfolio at 11,218 MWp + 8,989 MWh BESS.
Commissioned 51 units of India's largest wind turbine by rotor diameter (5 MW, 181 m rotor) in FY27 till date.

Generation increased 98% YoY to 2,075 million units, driven by capacity additions and strong wind performance.
Juniper Green Beam (50.4 MW wind) delivered a CUF of 58.3% in H1 FY27.
Juniper Green Kite (72.45 MW wind) delivered a CUF of 57.9% in H1 FY27.

Total Income: ₹372 Cr (▲2.3x YoY from Q2 FY26: ₹160 Cr; ▲1.15x QoQ from Q1 FY27: ₹324 Cr)
EBITDA: ₹340 Cr (▲2.6x YoY from Q2 FY26: ₹130 Cr; ▲1.15x QoQ from Q1 FY27: ₹294 Cr)
EBITDA Margin: 91% (▲+1,034 bps YoY from Q2 FY26: 81%; ▲+53 bps QoQ from Q1 FY27: 91%)
Operating Income: ₹345 Cr (▲2.4x YoY from Q2 FY26: ₹146 Cr; ▲1.2x QoQ from Q1 FY27: ₹291 Cr)
Operating EBITDA: ₹313 Cr (▲2.7x YoY from Q2 FY26: ₹116 Cr; ▲1.2x QoQ from Q1 FY27: ₹261 Cr)
Operating EBITDA Margin: 91% (▲+1,152 bps YoY from Q2 FY26: 79%; ▲+90 bps QoQ from Q1 FY27: 90%)
PAT: ₹54 Cr (adjusted for one-time expenses of ₹22.97 Cr on account of refinancing and IPO; turnaround from Q2 FY26: ₹(18) Cr; ▲1.02x QoQ from Q1 FY27: ₹53 Cr which was adjusted for one-time expenses of ₹19.29 Cr)
Cash PAT: ₹153 Cr (▲3.9x YoY from Q2 FY26: ₹40 Cr; ▲1.2x QoQ from Q1 FY27: ₹127 Cr)

Total Income: ₹696 Cr (▲2.0x YoY from H1 FY26: ₹341 Cr)
EBITDA: ₹634 Cr (▲2.2x YoY from H1 FY26: ₹288 Cr)
EBITDA Margin: 91% (▲+666 bps YoY from H1 FY26: 84%)
Operating Income: ₹636 Cr (▲2.1x YoY from H1 FY26: ₹307 Cr)
Operating EBITDA: ₹574 Cr (▲2.3x YoY from H1 FY26: ₹254 Cr)
Operating EBITDA Margin: 90% (▲+760 bps YoY from H1 FY26: 83%)
PAT: ₹106 Cr (▲32.4x YoY from H1 FY26: ₹3 Cr)
Cash PAT: ₹280 Cr (▲2.5x YoY from H1 FY26: ₹111 Cr)

Company credit rating upgraded to AA- (Stable)/A1+ by ICRA from A+ (Positive)/A1.
Strengthening SPV credit profile: 7 upgrades and 2 new ratings across 9 SPVs in FY27, with 3 SPVs now in the AA category.

98% of portfolio is with off-takers rated "A" or above.
98% of portfolio secured through long-term PPAs (typically 25 years).
Off-taker mix by MWp: SJVN (CARE AA+ Stable) 24%, NHPC (CARE AAA Stable) 22%, NTPC (ICRA AAA Stable) 16%, SECI (ICRA AAA Stable) 14%, GUVNL (CARE AA+ Stable) 11%, MSEDCL (Acuite A Stable) 10%, TPCL (CRISIL AA+ Stable) 2%, Merchant 2%.

Connectivity available (including granted and/or applied) for full portfolio.
Surplus Connectivity of more than 5,200 MW available for future bids.
Connectivity available for installation of more than 20,000 MWh of BESS.
Over 16,000 acres of land available for Under Construction Contracted and Awarded projects.
More than 100 locations available for Wind Turbine Installation.

Detailed tables are provided for:

Capacity addition in FY27 till date (1,036 MWp + 503 MWh BESS across 9 SPVs)
Operational project portfolio (19 projects across various SPVs)
Under-Construction Contracted projects (15 projects with expected COD dates from Nov'26 to Dec'27)
PPA Signed – Under Construction projects (16 projects totaling 2,481 AC MW / 3,294 DC MWp / 3,485 MWh BESS)
LOA Received projects (14 projects totaling 3,710 AC MW / 5,079 DC MWp / 4,900 MWh BESS)