KPI Green Energy Limited — Investor Meet, 26-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

KPI Green Energy reported strong Q4 FY25 with revenue of INR 577.8 Cr (+97% YoY), EBITDA at INR 169.4 Cr (+76%), and PAT of INR 104.2 Cr (+142%). FY25 revenue rose 70% to INR 1,755 Cr, EBITDA 69% to INR 581 Cr, and PAT doubled to INR 325 Cr. The order book expanded by 2.6 GW, with a pipeline exceeding 1.76 GW in CPP and 1.5 GW in IPP. Rising IPP share (target 25%) with higher margins (85%-90%) is expected to improve overall profitability. Positive free cash flow of INR 200 Cr and improved fleet availability (98.5%) underline operational strength. Expansion plans include new state MOUs and a focus on Battery Energy Storage Systems and green hydrogen. Management is confident on 60%-70% revenue growth in FY26 and margin improvement driven by IPP ramp-up.