Q1 2027 KPI Green Energy Ltd Earnings Call Transcript
Key Points
- Revenue grew 16% YoY to INR 710 crore, with EBITDA up 21% to INR 262 crore and margin expansion to 37%.
- Portfolio capacity surged 71% YoY to 6.94 GW, with 0.85 GW commissioned and 2.88 GW of fresh orders booked in the past year.
- IPP generation in Q1 FY27 nearly quadrupled YoY, already exceeding 65% of FY26's total, signaling strong recurring revenue growth.
- Strategic land bank expanded to 8,657 acres and power evacuation capacity reached 5.10 GW, supporting future project execution.
- International expansion progressing with a 5 GW MOU in Botswana and a UAE solar-plus-storage project for data centers, diversifying growth avenues.
- PAT declined 14% YoY to INR 95 crore due to higher depreciation and finance costs from new IPP capacity, with EPS growth turning negative.
- Management revised growth guidance down to 30-40% from earlier 40-50% targets, citing geopolitical headwinds and cost pressures.
- Gross margins in the CPP segment fell substantially, with KP Energy's EBITDA margin dropping from 22% to 12% due to rising input costs.
- Inventory buildup remains elevated, though expected to normalize as projects complete, but it ties up working capital.
- Full-year PAT margin guidance of 16-18% is unlikely to be met, with management indicating a dip due to seasonality and stabilization delays.
Ladies and gentlemen, good day and welcome to the KPI Green Energy Limited Q1 FY27 earnings conference call.
(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Cyril Paul from EY. Thank you. And over to you sir.
Thank you, Avrat. Good morning, everyone. On behalf of Burns and Young, I welcome you to the Q1 FY27 Earnings Conference Call of KPI Green Energy Limited. We are pleased to have with us senior management team from the company, represented by Mr. Sohil Dabhoya, the all-time Director, Dr. Alok Das, Group CEO, Mr. Salim Yahoo, former Chief Financial Officer and Mr. Vinod Jain, President, Investor Relations. We will have the opening remarks from the management, followed by a question-and-answer session. On that note, let me hand over the call to Mr. Vinod Jain. Over to you, Mr. Jain.
Thank you, Cyril. Good morning everyone. Myself Vinod Jain,
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