KPI Green Energy Limited (NSE: KPIGREEN | BSE: 542323), one of India’s leading solar and hybrid renewable energy companies, announced robust financial and operational performance for the quarter and nine months ended December 31, 2025, reinforcing its leadership in India’s clean energy transition.
For the nine months ended FY26, the company reported total income of ₹1,931 crore, registering a 64% year-on-year growth, compared to ₹1,177 crore in the corresponding period last year. EBITDA stood at ₹701 crore, up 71% YoY, while Profit After Tax (PAT) increased 60% to ₹354 crore. Basic EPS rose to ₹16.77, reflecting a 46% growth.
In Q3 FY26 alone, KPI Green Energy posted total income of ₹676 crore, a growth of 45% YoY, with EBITDA of ₹251 crore and PAT of ₹126 crore, demonstrating sustained operational momentum and margin strength.
The company’s cumulative installed and upcoming renewable capacity has reached 4.74+ GW, comprising 2.17+ GW in IPP and 2.57+ GW in CPP segments. KPI Green Energy’s order book stands at 3.61+ GW, ensuring strong revenue visibility over the coming years. Installed capacity has crossed 1.12+ GW, supported by a growing land bank of nearly 6,999+ acres and power evacuation capacity exceeding 3.57+ GW.
Commenting on the performance, Dr. Faruk G. Patel, Chairman & Managing Director, 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. 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. Our focus remains on operational excellence, sustainable value creation, and contributing to India’s ambitious clean energy goals.”
The company continues to strengthen its Independent Power Producer (IPP) portfolio, which offers stable annuity revenues and long-term visibility through PPAs. Its IPP portfolio currently stands at 2.17 GWp, with significant projects under execution, including large-scale solar and BESS projects.
Major Order Wins and Strategic Projects
During the quarter, KPI Green Energy secured several landmark orders, including:
• 150 MW Wind Power Project with GUVNL under a 25-year PPA at a fixed tariff of ₹3.64/unit.
• 445 MW / 890 MWh Standalone BESS Project, the company’s first large-scale battery storage project.
• 142 MW Floating Solar Project at Kadana Dam, Gujarat, awarded by GSECL with a long-term O&M contract.
• 200 MW Solar EPC Project at Khavda Renewable Energy Park awarded by SJVN.
• 1 TPD Plasma Green Hydrogen Plant, marking the company’s entry into green hydrogen using municipal solid waste feedstock.
These projects further strengthen KPI Green Energy’s diversified renewable portfolio across solar, wind, storage, and hydrogen.
KPI Green Energy has entered multiple strategic collaborations to accelerate growth, including:
• A framework agreement with Senvion India to jointly develop up to 2 GW of wind and hybrid projects.
• An MoU with Inox Solar Limited for 2.5 GW of solar and hybrid projects.
• MoUs with the Government of Gujarat for renewable projects aggregating ~895 MW and for hydrogen and EV fuel infrastructure with an estimated investment of ₹8,000 crore.
• International partnerships in Botswana, UAE, and South Korea, targeting renewable energy and green hydrogen ecosystems globally.
The company continues to invest in future-ready segments, including floating solar, green hydrogen, battery energy storage systems (BESS), offshore wind, and energy trading. Its AI-enabled Network Operations Centre and waterless robotic solar panel cleaning solutions enhance operational efficiency and sustainability across assets.
As of January 20, 2026, KPI Green Energy’s market capitalization stood at approximately ₹8,733 crore. The company has reaffirmed credit ratings from ICRA and received strong ratings for its green bond issuance. Backed by marquee global investors, KPI Green Energy remains focused on achieving its ambitious 10+ GW renewable capacity target by 2030.
About KPI Green Energy Limited:
KPI Green Energy Limited is a leading Indian renewable energy company engaged in developing, owning, and operating large-scale solar and hybrid power projects under both Captive Power Producer (CPP) and Independent Power Producer (IPP) models. Founded in 2008, the company is part of the KP Group and is committed to accelerating India’s transition towards sustainable energy through innovation, operational excellence, and responsible growth.
