GK Energy Limited — Investor Meet, 19-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

GK Energy Limited held an earnings conference call to discuss its financial results for the quarter and financial year ended March 31, 2026.

**Financial Performance:**

For FY26, standalone revenue grew 40% YoY to INR 1,532.54 Cr. EBITDA rose 53.49% YoY to INR 313 Cr, with margins expanding to 20.44% from 18.64%. Profit after tax (PAT) saw a 51% YoY growth to INR 201 Cr, improving from 12% to 13% margin. Q4 FY26 revenue was INR 418.57 Cr, up YoY, with EBITDA at INR 85.96 Cr and PAT at INR 59.05 Cr, growing 25% YoY. The company installed 17,018 systems in Q4 FY26, a 15% YoY increase.

**Management Commentary and Outlook:**

Management highlighted crossing INR 1,500 Cr in revenue for the first time. They expect to double their revenue in FY27, driven by opportunities in solar pumping and rooftop installations. The company sees significant growth potential and aims to maintain two-digit EBITDA margins.

**Order Book & Operational Updates:**

The order book stood at INR 710 Cr as of the reporting date. They installed over 61,000 systems in FY26, a 34% increase YoY. The company's asset-light model and extensive tie-ups support rapid scalability.

**Analyst Q&A Highlights:**

Discussions covered the demand and execution of solar pumps, with management clarifying that demand remains strong, and any delays were manageable. The outlook for FY27 growth is positive, with expectations of strong allocation from PM-KUSUM, though its delay was noted. The company is focusing on expanding its presence in existing states for pumping business and is exploring rooftop solar opportunities.

**Investor Angle:**

The management conveyed confidence in achieving their growth targets for FY27, leveraging their asset-light model and strong execution capabilities. They are optimistic about future prospects despite potential policy-driven timelines.