Key Financial Performance

Q2FY27 Performance (YoY):

  • Revenue from operations: ₹727 Cr (vs ₹634 Cr in Q2FY26), up 15%
  • Total Income: ₹741 Cr (vs ₹641 Cr in Q2FY26), up 16%
  • EBITDA: ₹283 Cr (vs ₹232 Cr in Q2FY26), up 22%
  • EBITDA Margin: 38% (vs 36% in Q2FY26)
  • Interest Cost: ₹92 Cr (vs ₹43 Cr in Q2FY26), up 114%
  • Depreciation and Amortization: ₹60 Cr (vs ₹32 Cr in Q2FY26), up 88%
  • Profit Before Tax: ₹131 Cr (vs ₹158 Cr in Q2FY26), down 17%
  • Profit After Tax: ₹92 Cr (vs ₹117 Cr in Q2FY26), down 21%
  • Basic EPS: ₹4.17 (vs ₹5.53 in Q2FY26), down 25%

H1FY27 Performance (YoY):

  • Revenue from operations: ₹1,421 Cr (vs ₹1,237 Cr in H1FY26), up 15%
  • Total Income: ₹1,451 Cr (vs ₹1,255 Cr in H1FY26), up 16%
  • EBITDA: ₹545 Cr (vs ₹449 Cr in H1FY26), up 21%
  • EBITDA Margin: 38% (vs 36% in H1FY26)
  • Interest Cost: ₹172 Cr (vs ₹81 Cr in H1FY26), up 112%
  • Depreciation and Amortization: ₹111 Cr (vs ₹61 Cr in H1FY26), up 82%
  • Profit Before Tax: ₹261 Cr (vs ₹307 Cr in H1FY26), down 15%
  • Profit After Tax: ₹187 Cr (vs ₹228 Cr in H1FY26), down 18%
  • Basic EPS: ₹8.50 (vs ₹10.80 in H1FY26), down 21%

Balance Sheet (H1FY27 vs H1FY26):

  • Net Worth: ₹3,525 Cr (vs ₹2,871 Cr), up 23%
  • Fixed Assets: ₹6,993 Cr (vs ₹3,102 Cr), up 125%
  • Other Non-Current Assets: ₹1,303 Cr (vs ₹89 Cr)
  • Current Assets: ₹3,741 Cr (vs ₹2,972 Cr)
  • Total Assets: ₹12,037 Cr (vs ₹6,164 Cr)

Cash Flow (H1FY27 vs H1FY26):

  • Cash Flow from Operating Activities: ₹406 Cr (vs ₹270 Cr), up 50%
  • Cash Flow from Investing Activities: -₹1,482 Cr (vs -₹1,172 Cr)
  • Cash Flow from Financing Activities: ₹1,183 Cr (vs ₹974 Cr)
  • Net Increase in Cash: ₹107 Cr (vs ₹73 Cr)
  • Closing Cash Balance: ₹224 Cr (vs ₹192 Cr)

Strategic Developments and Acquisitions

  • Signed binding offer to acquire Alfanar Energy (AEPL) and Netra Wind (NWPL) for approximately ₹2,410 Cr, adding 507.9 MW of operational wind assets
  • Acquired DEK and Mavericks Green Energy (DMGEL) solar EPC company through subsidiary Sun Drops Energia
  • Executed Battery Energy Storage System Purchase Agreement (BESPA) with GUVNL for 120 MW / 240 MWh standalone BESS project
  • Total BESS portfolio now at 565 MW / 1,130 MWh, fully contracted

Operational Highlights and Capacity Additions

  • Energized additional 317 MWp under GUVNL 677 MWp hybrid IPP project (cumulative 511 MWp)
  • Commissioned 50 MWp under GUVNL 350 MWp solar IPP project (cumulative 301 MWp)
  • Commissioned 269 MWp solar capacity for Coal India's Khavda project
  • Commissioned 128 MWp solar project for MAHAGENCO in Maharashtra
  • Total IPP portfolio expanded to 3.22 GW

Order Wins and Contract Updates

  • Secured approximately ₹2,025 Cr EPC order for 550 MWp solar project from NACOF Oorja in Rajasthan
  • Signed PPA with SJVN for 300 MW wind IPP project
  • Received NTPC REL NOAs worth ₹621 Cr for BoS packages covering 650 MWp of solar projects in Rajasthan
  • Received LOI for 76.6 MWp wind-solar hybrid project under Group Captive model

Resource Position and Infrastructure

  • Land bank: 8,807 acres secured
  • Evacuation capacity: 5,201 MW secured
  • Backward integration: In-house manufacturing of solar & wind support structures, towers and PSS
  • Digital operations: AI-integrated live equipment health monitoring powered by IBM Maximo
  • Robotic solutions: 1,100+ water-less cleaning robots deployed

Business Model and Capacity Build-up

  • Double engine business model combining EPC and IPP operations
  • Total capacity increased from 4.15 GW to 8.33 GW in one year
  • Commissioned 1.96 GW while booking 4.18 GW of fresh orders
  • IPP share of revenue increased from 8% in Q2FY26 to 15% in Q2FY27
  • H1FY27 generation already 31% above FY26 full year

Future Growth Platforms

  • Battery Energy Storage Systems: Developing 10 GWh BESS + 10 GWh cell manufacturing capabilities
  • Floating Solar: Secured 142 MW Kadana Dam order, among India's largest
  • Energy Trading: CERC + GERC trading licenses secured, trading on pilot basis
  • Sun Drops Energia: Scaling to 10 GWh BESS assembly and cell manufacturing by FY31

Corporate Structure and Group Overview

  • KP Group comprises three listed platforms: KPI Green Energy, KP Energy, KP Green Engineering
  • Business realignment: Sun Drops Energia handles projects up to 50 MW, KPI Green handles above 50 MW
  • All inter-company transactions on arm's length basis

Environmental and Social Impact

  • IPP portfolio at full run-rate equivalent to planting ~175 million trees annually
  • Saves ~12 billion litres water annually compared to coal plants
  • Avoids ~3 million tonnes of coal consumption annually
  • Creates ~13,500 job-years across construction and O&M
  • Reduces ~3 million tonnes CO2 emissions annually

Corporate Social Responsibility

  • KP Human Development Foundation donated 30 tablets to T & TV School
  • 120 students enrolled in Urja Noor Scholarship Program
  • Supports 15 students preparing for civil services exams
  • Donated 3 electric golf carts to New Civil Hospital, Surat
  • Provides free medicines and tests at KP Divine Hiba Hospital (850+ patients benefited)
  • 95% completion of Prabhu Nu Ghar, world's first old-age home for differently-abled
  • Provided 25 traffic safety barricades to Surat City Traffic Police

Investor Relations Contact

ir.kpigreenenergy@kpigreenenergy.com / cs@kpgroup.co