Q4 2026 KPI Green Energy Ltd Earnings Call Transcript
Key Points
- KPI Green Energy Ltd (BOM:542323) reported a strong financial performance for FY26, with a 56% year-on-year increase in total income and a 57% increase in profit after tax.
- The company has achieved a remarkable compounded annual growth rate (CAGR) of 92% in sales and 104% in profit over the past five years.
- KPI Green Energy Ltd has expanded its renewable portfolio significantly, with an installed capacity of over 1.62 gigawatts and a work-in-progress capacity of over 4.64 gigawatts.
- The company successfully listed India's first externally credit-enhanced green bond, raising INR670 crores with a five-year instrument carrying an 8.50% coupon rate.
- KPI Green Energy Ltd has secured several strategic project wins across solar, wind, floating solar, and battery energy storage, enhancing its long-term growth prospects.
- The company's interest cost increased by 130% to INR182 crores, impacting the overall profitability.
- There is a concern about the declining return on equity (ROE), which has dropped from 18%-19% to around 13%-14%, with expectations of further decline before improvement.
- The stock has underperformed due to concerns about the EPS growth lagging behind revenue and profit growth.
- The company faces challenges in maintaining its growth trajectory, with a revised guidance of 40%-50% CAGR, down from previous higher expectations.
- There are ongoing concerns about grid stabilization charges in certain states, which could impact the company's CPP segment.
Ladies and gentlemen, good day, and welcome to the KPI Green Energy Limited Q4 FY26 Earnings Conference Call hosted by Share India Securities. (Operator Instructions)
I now hand the conference over to Mr. Harsh Patel from Share India Securities. Thank you, and over to you, Harsh.
Thank you. Good morning, everyone. I would like to congratulate the management on a very good set of numbers. On behalf of Share India Securities, I welcome you all to Q4 FY26 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; 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, Vinod.
Okay. Thank you. Thank you. Good morning, everyone. Myself
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