Juniper Green Energy Posts Strong Q1 FY27 Results, Reporting Highest-Ever Total Income of INR 324 Cr

Juniper Green Energy Posts Strong Q1 FY27 Results, Reporting Highest-Ever Total Income of INR 324 Cr​

Juniper Green Energy Limited has reported robust consolidated financial results for the quarter ended June 30, 2026, achieving a record high in quarterly total income. The company saw its EBITDA rise by 86% year-on-year (YoY) to INR 294 Cr, driven by expanded operational capacity and margin growth.

The company achieved significant operational milestones, commissioning 601 MWp of renewable energy (RE) capacity in Q1 FY27, comprising 458 MWp of solar and 143 MW of wind. The commissioning of 403 MWh of Battery Energy Storage System (BESS) further contributed to the company’s cumulative operational BESS capacity of 503 MWh.

The operational capacity of the company has reached 2,409 MWp as of the quarter, with a further 167 MW of wind capacity commissioned post-quarter, bringing the total operational capacity to 2,575 MWp.

Financial and Operational Performance​

The financial performance highlighted a significant expansion in operational efficiency and profitability. Total Income rose 79% YoY to INR 324 Cr. The EBITDA margin saw an expansion of 300 basis points (bps) YoY, reaching 91%. Profit After Tax (PAT) also increased by 54% YoY to INR 33 Cr. Cash PAT rose 50% YoY to INR 108 Cr.

Key operational metrics for Q1 FY27 include:

• Capacity Commissioned: 601 MWp (Solar: 458 MWp, Wind: 143 MW)
• Operational Capacity: 2,575 MWp
• BESS Capacity: 403 MWh added (cumulative operational BESS: 503 MWh)

The company’s operational efficiency improved, with the Capacity Utilisation Factor (CUF) increasing to 30.2% in Q1 FY27, up from 28.2% in Q1 FY26. Generation increased 72% YoY to 944 million units.

Financial Summary (in INR Cr)​

The consolidated financial performance for the quarter is detailed below:

Portfolio Growth and Future Pipeline​

Beyond the strong quarterly results, the company continues to secure major projects and expand its portfolio. Post June 30, 2026, Juniper Green Energy signed a 25-year Power Purchase Agreement (PPA) with SJVN Limited for a 50 MW FDRE project at a tariff of Rs 4.25/kWh.

The company also secured two new tenders following the end of Q1 FY27:

1. SECI FDRE Round-the-Clock Tender: A Letter of Award was received for a 230 MW contracted capacity and 870 MWp / 2,200 MWh BESS at a tariff of INR 5.26/kWh.
2. GUVNL Wind Tender: A 50 MW wind project was won at a tariff of INR 3.51/kWh.

Juniper Green Energy has successfully commissioned India’s first FDRE project under the SJVN FDRE Tender.

As of the reporting date, the company's total portfolio stands at 11,216 MWp and 8,989 MWh of BESS capacity. The portfolio is highly secured, with 98% of the projects having off-takers rated 'A' or above, and 98% secured through long-term PPAs, typically of 25 years. The company also has surplus connectivity exceeding 4,500 MW available for future bids.

Financing and Balance Sheet Update​

Financially, the company has maintained a strong balance sheet. Total Capex incurred up to June 30, 2026, amounts to INR 16,303 Cr, which included a Capex addition of INR 1,183 Cr during Q1 FY27.

As on June 30, 2026, Net Debt stood at INR 11,217 Cr, with the net debt pertaining to the operational portfolio at INR 7,183 Cr. The company refinanced more than INR 1,700 Cr across three projects at a weighted average interest rate of under 8% per annum. The weighted average cost of debt for the operational portfolio is 8.58% per annum.

Net Worth as of June 30, 2026, is INR 3,463 Cr. Following the primary fund raise of INR 1,800 Cr through the IPO in August 2026, the post-IPO net worth was reported at approximately INR 5,200 Cr.

JNPR Stock Price Movement​

On Wednesday, Juniper Green Energy Limited shares gained 3.88% to settle at ₹267.44. The equity saw a strong showing amid the trading session, with total volume registering at 2,287,532 shares.