KPI Green Energy reports strong growth, strategic expansion, secures funding

KPI Green Energy Limited announced robust financial results for Q2 FY '26, with total revenue reaching INR641.1 crores, marking a 78% year-on-year increase. Earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 73% to INR232.4 crores, and profit after tax (PAT) grew 67% to INR117 crores. For the first half of FY '26, total revenue was INR1,255.26 crores, up 76.5%, with EBITDA at INR449.3 crores, an increase of 68%.

The company secured INR3,200 crores in term loan from State Bank of India for its 250-megawatt solar and 370-megawatt hybrid projects. KPI Green also highlighted its expansion into future technologies through MOUs with Delta Electronics India for battery energy storage, green hydrogen, and EV charging infrastructure, and a green ammonia joint venture with AHES Korea and GH2 Solar India. The target is to reach 10 gigawatts by 2030, with 6.6 gigawatts already achieved at the group level.

Management addressed investor concerns regarding pledged shares, confirming that State Bank of India would release pledges by March '27 upon completion of 1.2 gigawatt projects. They also clarified that the company's IPP revenue is expected to exceed INR1,000 crores with a 90% EBITDA margin once the new IPP capacity becomes operational.