KPI Green Energy Limited – Investor Presentation Summary

Key Operational Highlights

  • Total operational and execution capacity reached 6.94 GW, up from 4.06 GW in previous year
  • Commissioned 0.85 GW of pipeline while booking 2.88 GW of fresh orders in FY26
  • IPP portfolio stands at 2.57 GWp (0.97 GWp commissioned + 1.60 GWp under execution)
  • Land bank expanded to 8,657 acres (Jun-26) from 6,275 acres (Jun-25)
  • Power evacuation capacity increased to 5,102 MW (Jun-26) from 3,297 MW (Jun-25)
  • Deployed 840+ water-less robotic cleaning systems for solar panel maintenance

Segment-wise Performance

  • Independent Power Producer (IPP) segment: 2.57 GW portfolio with long-term PPAs
  • Captive Power Producer (CPP) segment: Customer-funded projects driving capital efficiency
  • Utility-scale projects primarily have GUVNL as offtaker, except 300 MW Wind project with SJVN

Financial Highlights

Revenue: ₹694 crore (Q1 FY27)

EBITDA: ₹262 crore (Q1 FY27)

PAT: ₹95 crore (Q1 FY27)

EPS: ₹4.34 (Q1 FY27)

Margins: EBITDA margin 37%, PAT margin 13%

YoY comparison: Revenue up 15%, EBITDA up 21%, PAT down 14% due to higher depreciation and finance costs

Drivers of financial performance: Expanding renewable portfolio and capacity additions

Geographical Revenue Split

Domestic vs Export Revenue: Primarily domestic operations with international expansion underway

Regional Breakdown: Projects primarily in Gujarat with pan-India presence

Capex & Cash Flow Health

Capital Expenditure: Significant investments in land bank (8,657 acres) and power evacuation infrastructure (5.10 GW)

Investment Rationale: Focus on capacity expansion and technology upgrades including floating solar and BESS

Strategic & R&D Initiatives

Investments in Innovation: In-house manufacturing of solar & wind support structures, AI-integrated operations with IBM Maximo, robotic cleaning technology

Expected impact on growth: Enhanced cost efficiency, execution control and scalability

Strategic Rationale: Expanding into high-growth markets including international ventures and new renewable technologies

Industry Trends & Business Environment

Macro/Industry Trends: India targeting 500 GW renewable capacity by 2030, record 55 GW capacity addition in FY26, renewable share expected to reach 66% by FY36P

Impact on Company: Policy support including ISTS charges waiver, GST cut to 5% on RE equipment, RPO mandate rising to 43.33% by FY30

Management Commentary & Growth Outlook

Strategic Outlook: Scaling toward 10+ GW 2030 target through combined IPP/CPP model

Growth Platforms: Expansion into BESS (565 MW/1,130 MWh secured), floating solar (142 MW EPC order), energy trading (CERC+GERC licenses), and international markets

International Expansion: 5 GW MOU with Botswana government, UAE alliance for data center renewable solutions

ESG Updates

Humanitarian Services: Educational notebooks distribution to 10,000+ students, free medical services, collaboration with Akshay Patra Foundation feeding 3,300+ students

Awards: "Transformational Philanthropist of the Year 2026" award to Dr. Faruk G. Patel