KPI Green Energy Limited, one of India’s leading solar and hybrid renewable energy companies, reported strong financial and operational performance for the quarter and nine months ended December 31, 2025, underscoring its position as a key player in India’s clean energy transition. For the nine-month period of FY26, the company recorded total income of ₹1,931 crore, reflecting a 64% year-on-year growth compared to ₹1,177 crore in the same period last year. EBITDA rose to ₹701 crore, a 71% increase, while Profit After Tax (PAT) grew 60% to ₹354 crore. Basic earnings per share (EPS) increased 46% to ₹16.77. In Q3 FY26 alone, KPI Green Energy posted total income of ₹676 crore, up 45% year-on-year, 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 now exceeds 4.74 GW, comprising 2.17 GW in its Independent Power Producer (IPP) portfolio and 2.57 GW in the Captive Power Producer (CPP) segment. KPI Green Energy’s robust order book stands at over 3.61 GW, providing strong revenue visibility for the coming years. Installed capacity has surpassed 1.12 GW, supported by a growing land bank of nearly 6,999 acres and a power evacuation capacity exceeding 3.57 GW.
Commenting on the performance, Dr. Faruk G. Patel, Chairman and Managing Director of KP Group, said that the company’s strong results reflect disciplined execution, rapid capacity expansion, and strategic diversification across solar, wind, storage, and green hydrogen. He highlighted that KPI Green Energy is steadily building a resilient IPP base that delivers predictable cash flows while scaling its EPC and captive solutions to meet rising industrial demand. Dr. Patel added that the healthy order book, expanding land bank, and strengthened evacuation infrastructure position the company well for long-term growth, and that strategic partnerships in India and overseas are opening new opportunities in emerging energy segments, enabling the company to contribute meaningfully to the global energy transition.
KPI Green Energy continues to strengthen its IPP portfolio, which offers stable annuity revenues and long-term visibility through power purchase agreements. Its IPP portfolio currently stands at 2.17 GWp, with several large-scale solar and battery energy storage (BESS) projects under execution. During the quarter, the company secured several landmark orders, including a 150 MW wind power project with GUVNL under a 25-year PPA at a fixed tariff of ₹3.64 per unit, a 445 MW / 890 MWh standalone BESS project – the company’s first large-scale battery storage project – a 142 MW floating solar project at Kadana Dam in Gujarat awarded by GSECL with a long-term O&M contract, a 200 MW solar EPC project at Khavda Renewable Energy Park awarded by SJVN, and a 1 TPD plasma green hydrogen plant, marking KPI Green Energy’s entry into green hydrogen using municipal solid waste feedstock. These projects further diversify the company’s renewable portfolio across solar, wind, storage, and hydrogen.
The company has also entered multiple strategic collaborations to accelerate growth. This includes 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, and agreements with the Government of Gujarat for renewable projects aggregating approximately 895 MW, as well as for hydrogen and EV fuel infrastructure with an estimated investment of ₹8,000 crore. International partnerships in Botswana, UAE, and South Korea target renewable energy and green hydrogen ecosystems globally.
KPI Green Energy continues to invest in future-ready segments, including floating solar, green hydrogen, BESS, offshore wind, and energy trading. The company’s AI-enabled Network Operations Centre and waterless robotic solar panel cleaning solutions further enhance operational efficiency and sustainability across its 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 goal of exceeding 10 GW of renewable capacity by 2030.
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