KPI Green Energy Ltd. and KP Group together generated ₹1,231 crore in revenue during the first quarter of FY27, according to KP business. The business is still growing its renewable energy portfolio, which includes solar, wind, hybrid projects, and battery energy storage systems.
The group’s consolidated results presentation for the first quarter of FY27 shows ₹324 crore in EBITDA, ₹121 crore in profit after tax (PAT), and ₹121 crore in cash profit.
At the individual-company level, KPI Green Energy recorded total revenue of over ₹710 crore, a 16% increase from ₹614 crore in the first quarter of FY26. PAT fell 15% to roughly ₹95 crore from ₹111 crore in the same quarter last year, but EBITDA increased 21% to ₹262 crore. Operational revenue was ₹693.84 crore, up 15.08% from the previous year.
Higher depreciation and financing costs related to its growing asset base were cited by KPI Green as the cause of the strain on profit. Depreciation and amortisation went from ₹30 crore to ₹51 crore, while interest payments went from ₹38 crore to ₹80 crore.
As of June 2026, the company’s renewable energy portfolio total 6.94 GW, consisting of 5.07 GW under construction and 1.87 GW of installed capacity. KPI Green commissioned 0.85 GW of capacity and booked 2.88 GW of new orders during that time. With 0.97 GW commissioned and 1.60 GW under execution, the IPP portfolio totalled 2.57 GW.
There is also a direct storage component in the portfolio. A BESPA for 565 MW/1,130 MWh of battery energy storage capacity has been signed by KPI Green, and financial close is currently underway. Additionally, the company’s strategic land bank has grown to 8,657 acres, and its power evacuation capacity has reached 5.10 GW.
Meanwhile, K.P. Energy reported total income of ₹521 crore in Q1 FY27, up 136% from ₹221 crore in Q1 FY26. Revenue from operations increased 137% to ₹519 crore from ₹219 crore, while EBITDA rose 25% to ₹62 crore. PAT increased 3% to ₹26 crore from ₹25 crore.
K.P. Energy’s renewable energy portfolio stood at 3.73 GW, comprising 1.57 GW of installed capacity and 2.16 GW of projects in hand. Its O&M portfolio reached 646 MW, while operational IPP assets stood at 48.5 MW, with another 202 MW of IPP projects in hand.
The company also highlighted its growing capability in larger wind turbines. It became the first in India to install a domestically manufactured 4.2 MW wind turbine in South Gujarat, while installation of a 5.3 MW turbine is underway.
The results come as KP Group expands beyond conventional solar development into wind, hybrid renewable energy, BESS and international markets. KPI Green has also signed an MoU with the Botswana government for 5 GW of renewable energy facilities, with planning underway for an initial 500 MW phase, while a solar-plus-storage project is being executed in the UAE for a containerised data-centre facility.
Kapil Kriplani, Group CFO, KP Group, said:
“Q1 FY27 demonstrates continued business momentum, with strong revenue and EBITDA growth across KPI Green Energy and KP Energy. While the Group is investing significantly to expand its asset and project base, we remain focused on maintaining financial discipline, optimising capital allocation and strengthening cash-flow generation. As projects under execution progressively become operational, we expect the expanding asset base to contribute increasingly to the Group’s financial performance.”
Prof. Sunil Maheshwari, Vice Chairman, KP Group, said:
“Q1 FY27 reflects the strength of KP Group’s underlying business fundamentals and the significant scale we are building across renewable energy. With a strong portfolio, an expanding execution pipeline and growing capabilities across solar, wind, hybrid and BESS, the Group is well positioned to participate in India’s accelerating energy transition while steadily expanding its global renewable energy footprint. Our international initiatives across markets further strengthen our global growth outlook and reflect the increasing recognition of our capabilities. Going forward, our focus will remain on disciplined execution, operational excellence, international expansion and creating sustainable long-term value for all stakeholders.”
By 2030, the organization wants to have more than 10 GW of renewable energy capacity, and it is expanding to include solar, wind, hybrid power, and battery storage. As a result, the Q1 performance shows both increased execution volumes and the group’s overall transition to a diversified renewable-energy platform with an expanding asset base and global presence.
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