KPI Green Energy Ltd (BOM:542323)
₹ 303.35 -15.35 (-4.82%) Market Cap: 59.96 Bil Enterprise Value: 106.18 Bil PE Ratio: 13.14 PB Ratio: 1.97 GF Score: 85/100

Q3 2026 KPI Green Energy Ltd Earnings Call Transcript

Jan 28, 2026 / 08:30AM GMT
Release Date Price: ₹407.05 (-0.96%)

Key Points

Positve
  • KPI Green Energy Ltd (BOM:542323) reported a 45% year-over-year revenue growth for Q3 FY '25-'26, reaching INR676 crore.
  • The company's EBITDA increased by 73% to INR251 crore, showcasing strong operational efficiency.
  • Profit after tax for the quarter rose by 48% to INR126 crore, indicating robust financial performance.
  • The company has successfully commissioned 24.2 megawatt AC of its 250-megawatt GUVNL solar project ahead of schedule.
  • KPI Green Energy Ltd has secured significant contracts, including a 152-megawatt floating solar EPC contract and a letter of intent for a 445-megawatt BESS project.
Negative
  • The company faces potential challenges from fluctuating silver prices, which could impact solar panel costs.
  • There are concerns about the impact of external economic factors on the company's share performance.
  • The company's debt-to-equity ratio stands at 1.95:1, which, while manageable, indicates a reliance on debt for growth.
  • There is uncertainty regarding the timeline for the Sundrop IPO and its potential impact on shareholder value.
  • The execution of new projects, such as those in Botswana, depends heavily on government support and infrastructure readiness.
Operator

Ladies and gentlemen, good day, and welcome to the KPI Green Energy Limited Q3 FY '26 Earnings Conference Call hosted by Share India Securities Limited. (Operator Instructions)

I now hand the conference over to Mr. Harsh Patel from Share India Securities Limited. Thank you, and over to you, sir.

Harsh Patel
Share India Securities Ltd - Analyst

Thank you, and good afternoon, everyone. Congratulations on a very good set of numbers. On behalf of Share India Securities, I welcome you all to Q3 FY '26 Earnings Conference Call of KPI Green Energy. We are pleased to have with us the management team represented by Mr. Sohil Dabhoya, the Whole-Time Director; Dr. Alok Das, Group CEO; and Mr. Salim Yahoo, Chief Financial Officer of the company. We will have the opening remarks from the management, followed by question-and-answer session. Thank you, and over to you, Siddharth.

Unidentified Company Representative

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