KPI Green Energy Reports Q1 FY2026-27 Results; Confirms CFO Change and Strategic Project Wins

KPI Green Energy Reports Q1 FY2026-27 Results; Confirms CFO Change and Strategic Project Wins​

KPI Green Energy Limited has announced its consolidated financial results for the first quarter of fiscal year 2026-27, alongside detailing key changes in senior management and major strategic project milestones. The company reported a 16% growth in total revenue while noting industry headwinds led to declines in Profit Before Tax (PBT) and Profit After Tax (PAT).

The consolidated financial performance highlighted steady execution momentum across the renewable energy portfolio. Total Revenue reached ₹710 crore for Q1 FY2026-27, registering a 16% rise compared to ₹614 crore reported in Q1 FY2025-26. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) came in at ₹262 crore, marking a 21% increase from ₹217 crore in the prior year.

However, Profit Before Tax (PBT) stood at ₹131 crore, showing a decline of approximately 12% from the previous year’s figure of ₹149 crore. Similarly, Profit After Tax (PAT) was reported at ₹95 crore, lower by about 14% against the ₹111 crore recorded in Q1 FY2025-26. The company attributed these decreases to global geopolitical headwinds, including volatility in solar module and input material prices, coupled with elevated depreciation and financing costs.

Strategic Operational Milestones Achieved

In addition to the financial performance, KPI Green Energy reported several significant operational and strategic achievements during Q1 FY2026-27:

• BESPA Execution: A subsidiary of the company, Sun Drops Energia Limited, executed a Battery Energy Storage Purchase Agreement (BESPA) with GUVNL for a self-owned IPP standalone BESS project of 120 MW / 240 MWh under the Phase-VIII tariff. This increases the Group's cumulative executed standalone BESS portfolio to 565 MW / 1,130 MWh.
• Solar Power Commissioning: The company successfully commissioned 200 MW (AC) / 269 MW (DC) of solar capacity for Coal India Limited at Khavda, which is part of a larger grid-connected project being executed on an EPC basis.
• Project Approvals: The company received Charging Permission from the Chief Electrical Inspector, Nagpur, for its 100 MW (AC) / 128 MW (DC) solar project for MAHAGENCO in Maharashtra.
• New Project Award: KPI Green Energy received Notifications of Award (NOAs) from NTPC Renewable Energy Limited for the Balance of System (BOS) package for a 500 MW grid-connected solar PV project in Bikaner, Rajasthan. The aggregate contract value for this award is ₹621 crore (excluding GST).

Leadership and Governance Updates

The Board of Directors approved several appointments regarding corporate governance during its meeting on August 11, 2026:

• CFO Transition: Mr. Salim Yahoo tendered his resignation from the post of Chief Financial Officer and Key Managerial Personnel. Consequently, Mr. Kapil Kriplani was appointed as Chief Financial Officer & Key Managerial Personnel (Group CFO), effective August 11, 2026.
• Auditor Appointment: MSKC & Associates LLP, a member firm of BDO International, was approved and appointed as the Statutory Auditor for a five-year term, commencing from the conclusion of the 18th Annual General Meeting until the 23rd AGM (scheduled for 2031).

The company maintained compliance with its security covenant, noting that it must maintain a minimum security cover of 1.20x for its rated NCDs aggregating ₹670.00 crore, and confirmed it is in compliance as at June 30, 2026.

Consolidated Financial Highlights (Q1 FY 2026-27 vs Previous Year)

The table below provides a comparison of key consolidated financial metrics for the quarter ended June 30, 2026:


Note: All figures are based on the company's unaudited consolidated financial results for Q1 FY 2026-27.

KPIGREEN Stock Price Movement​

As of 11:31 AM, shares of KPI Green Energy Limited are shedding value, slipping by 5.73% to trade at ₹348.10. The stock currently trades within a day's range of ₹347.30 and ₹375.00.