KPI Green Energy Reports 24% Drop in Q2 Profits for FY 2026-27

Surat, November 13 (Daily Kiran) : KPI Green Energy Limited, an Indian renewable energy company based in Surat, has reported a significant decline in its net profit for the second quarter of the fiscal year 2026-27. The company disclosed that its consolidated net profit dropped by 24.4% year-on-year, amounting to ₹82.4 crore, compared to ₹109 crore in the same quarter of the previous fiscal year.

Despite the profit decline, KPI Green Energy experienced growth in both operational income and EBITDA. The company’s EBITDA rose by 19.1%, reaching ₹269 crore, up from ₹226 crore during the corresponding period last year. Additionally, revenue increased by 14.7% to ₹727 crore, compared to ₹634 crore in the second quarter of the previous fiscal year.

The EBITDA margin also improved, climbing from 35.6% in the same quarter last year to 36.9% this year. In Friday’s trading session, KPI Green Energy shares closed down 3.17% at ₹321, after opening at ₹331. Over the past week, the stock has provided a positive return of 6.49%, or ₹19.55.

In the last month, the company’s shares have seen a decline of 1.76%, with a more substantial drop of 26.26% over the past six months and 32% year-on-year. KPI Green Energy is a part of the KP Group, which was established in 2008 by Dr. Faruk G. Patel and is headquartered in Surat, Gujarat. The company is listed on both the BSE and NSE.

KPI Green Energy focuses on developing, constructing, owning, and operating solar, wind, and hybrid power projects. It sells the electricity generated from these projects through long-term power purchase agreements (PPAs) and in the open market. The company’s primary brand is “Solarism.” According to available data, KPI Green Energy operates large-scale renewable energy projects in Gujarat, including regions like Bharuch, Khavda, Jarsad, Sudi, and Bhungar. Recently, the company has expanded its renewable energy business through the development and acquisition of wind and solar projects.