KPI Green Energy revenue jumps 64% in 9M FY26 as renewable portfolio expands to 4.74 GW
New Delhi: KPI Green Energy Limited reported robust financial performance for the nine months ended December 31, 2025, with total income rising 64 percent year-on-year to Rs 1,931 crore, compared with Rs 1,177 crore a year earlier. EBITDA increased 71 percent to Rs 701 crore, while profit after tax grew 60 percent to Rs 354 crore. Basic earnings per share rose 46 percent to Rs 16.77.
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In the December quarter alone, the company posted total income of Rs 676 crore, up 45 percent year-on-year, with EBITDA of Rs 251 crore and PAT of Rs 126 crore, reflecting what the company described as sustained operational momentum and margin strength.
Installed and upcoming capacity touches 4.74 GW
KPI Green Energy said its cumulative installed and upcoming renewable energy capacity has reached 4.74 GW, comprising 2.17 GW in the independent power producer (IPP) segment and 2.57 GW in the captive power producer (CPP) segment. Installed capacity has crossed 1.12 GW, supported by a land bank of nearly 6,999 acres and power evacuation capacity exceeding 3.57 GW.
The company’s order book stands at 3.61 GW, providing revenue visibility over the coming years, it said.
Management highlights diversification and execution
Commenting on the performance, Dr Faruk G Patel, Chairman and Managing Director (CMD), KP Group, said, “Our strong performance reflects disciplined execution, rapid capacity expansion, and the strategic diversification of our renewable portfolio across solar, wind, storage and green hydrogen. We are steadily building a resilient IPP base that delivers predictable cash flows while scaling our EPC and captive solutions to meet rising industrial demand.”
He added, “The healthy order book, expanding land bank, and strengthened evacuation infrastructure position us well for long-term growth. Strategic partnerships in India and overseas are opening new opportunities in emerging energy segments, enabling us to participate meaningfully in the global energy transition.”
Order wins across wind, solar, storage and hydrogen
During the quarter, KPI Green Energy secured a 150 MW wind power project with Gujarat Urja Vikas Nigam Limited (GUVNL) under a 25-year power purchase agreement (PPA) at a fixed tariff of Rs 3.64 per unit. It also won a 445 MW/890 MWh standalone battery energy storage system project, marking its first large-scale BESS project.
Other orders include a 142 MW floating solar project at the Kadana Dam in Gujarat awarded by Gujarat State Electricity Corporation Limited (GSECL) with a long-term operations and maintenance contract, and a 200 MW solar EPC project at the Khavda Renewable Energy Park awarded by SJVN. The company also announced a 1 tonne-per-day plasma green hydrogen plant using municipal solid waste as feedstock.
Strategic collaborations and future-ready investments
KPI Green Energy said it has entered into multiple strategic collaborations, including a framework agreement with Senvion India to jointly develop up to 2 GW of wind and hybrid projects, and an MoU with Inox Solar Limited for 2.5 GW of solar and hybrid projects.
The company has also signed MoUs with the Government of Gujarat for renewable projects aggregating around 895 MW and for hydrogen and EV fuel infrastructure with an estimated investment of Rs 8,000 crore, alongside international partnerships in Botswana, the UAE and South Korea.
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As of January 20, 2026, KPI Green Energy’s market capitalisation stood at around Rs 8,733 crore. The company said it has reaffirmed credit ratings from ICRA and received strong ratings for its green bond issuance, while reiterating its focus on achieving over 10 GW of renewable capacity by 2030.
