KPI Green Energy Q1 FY 2026-27 Results: Net Profit Falls 18% To Rs 85.6 Crore, Revenue Up 15%

KPI Green Energy Q1 FY 2026-27 Results: Renewable energy company KPI Green Energy Ltd reported its financial results for the quarter ended June 30, 2026, on Tuesday, August 11.

Consolidated net profit declined nearly 15% year-on-year to Rs 94.63 crore, compared with Rs 111.31 crore in the corresponding quarter last year. On a sequential basis, profit contracted 39% from Rs 155.47 crore reported in the preceding March quarter. The company said the decline was driven by geopolitical uncertainties and cost pressures, with elevated depreciation and financing-related expenses also weighing on the bottom line.

Consolidated revenue from operations rose 15% year-on-year to Rs 693.84 crore, compared with Rs 602.94 crore in the year-ago period. On a sequential basis, however, revenue declined nearly 13% from Rs 795.80 crore reported in the trailing quarter.

EBITDA for the quarter rose 21% year-on-year to Rs 262 crore, compared with Rs 217 crore in the corresponding quarter last year. EBITDA margin came in at 37%, against 35% in the year-ago period.

Business Performance

The company said its on-year revenue growth was driven by sustained execution momentum across its renewable energy portfolio and a higher contribution from its core business verticals, while EBITDA growth was aided by greater operating scale, favourable operating leverage and disciplined cost management.

"KPI Green Energy Limited carried forward its healthy growth trajectory into Q1 FY 2026-27, underpinned by consistent delivery across its solar, wind and hybrid renewable energy businesses. The quarter's performance mirrors the company's widening IPP asset base, deepening EPC execution strengths, a robust project pipeline and rising engagement across the broader renewable energy value chain," the company said in its regulatory filing.

Salim Yahoo tendered his resignation from the post of Chief Financial Officer and key managerial personnel of the company, vide a letter dated August 11, 2026. The Nomination and Remuneration Committee and Audit Committee approved the appointment of Kapil Kriplani as Chief Financial Officer and key managerial personnel, designated as Group Chief Financial Officer, with effect from the same date.

In his resignation letter, Yahoo said he remains committed to ensuring a smooth and orderly transition and will fully comply with all applicable requirements relating to his notice period and handover responsibilities, extending complete cooperation to facilitate an effective transfer of duties.

"This has not been an easy decision for me. However, considering my personal circumstances, I believe it is appropriate for me to step down and focus on my family responsibilities at this juncture," Yahoo said in his resignation letter.

KPI Green Energy Share Price

Shares of KPI Green Energy fell 9.09% to hit an intraday low of Rs 336 on the BSE, following the twin developments of the CFO's resignation and the Q1 results announcement. Over the past month, the stock has declined 15%, while over the past six months it has fallen more than 19%.

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