KPI Green Energy reported a 21 per cent on-year decline in net profit to ₹92 crore on Friday. The company said the fall happened due to high depreciation and financing costs. However, total revenue for Q2 FY 2026-27 grew to ₹741 crore, helped by strong work on many renewable energy projects.
KPI Green Energy on Friday reported a 21 per cent on-year decline in net profit to ₹92 crore in the September quarter due to high depreciation and financing costs.
Total revenue for Q2 FY 2026-27 stood at ₹741 crore, up 16 per cent over ₹641 crore recorded in Q2 FY 2025-26, driven by sustained execution momentum across renewable energy projects and a higher contribution from the IPP segment, the company said in an exchange filing.
According to the filing, Profit After Tax (PAT or net profit) stood at ₹92 crore as against ₹117 crore in Q2 FY 2025-26, down 21 per cent, reflecting the same elevated depreciation and financing costs, even as the company remained focused on profitable and sustainable long-term growth.
The KPI Green Energy sustained healthy growth momentum through Q2 FY 2026-27 and the half year ended September 30, 2026 (H1 FY 2026-27), supported by steady execution across its solar, wind, hybrid and Battery Energy Storage System (BESS) businesses, it stated.
The quarter's performance reflects a rising contribution from the company's expanding IPP asset base, consistent EPC execution, a robust order pipeline and deepening engagement with marquee customers across the broader renewable energy value chain, it stated.