1. Opening Hook
If 2025 was the year everyone suddenly discovered renewables are cool again, KP Energy decided to remind markets that wind still pays the bills. While half the sector debated subsidies and transmission woes, KP quietly delivered a quarter that looked suspiciously like a growth investor’s dream. Revenues jumped, profits followed, and management spoke with the confidence of someone sitting on a multi-GW pipeline.
This wasn’t a “one good quarter due to execution timing” story. It was more of a “we’ve been busy building sites while you were arguing about tariffs” moment. Offshore wind was name-dropped, AI-powered NOCs were flexed, and alliances flew in from Botswana to Gujarat.
Stick around—because behind the glossy numbers is a company trying very hard to move from project executor to renewable platform. And that’s where things get interesting.
2. At a Glance
- Revenue up 63% YoY – Execution didn’t just improve; it sprinted.
- EBITDA up 75% YoY – Operating leverage finally showed up to the party.
- PAT up 58% YoY – Profits followed revenue, no accounting yoga detected.
- EPS ₹6.18 vs ₹3.96 – Shareholders noticed, calculators approved.
- Interest cost +57% – Growth isn’t free; lenders also had a good quarter.
3. Management’s Key Commentary
“Q3 FY26 revenue from operations stood at ₹345 crore.”
(Translation: Execution happened
on-ground, not just on PowerPoint.) 😏
“We have over 2 GW of multi-year orders in pipeline.”
(Translation: Visibility secured; now please don’t mess up execution.)
“We received in-principle approval for 100 MW ISTS connectivity.”
(Translation: Interstate sales unlocked, regulators didn’t say no—yet.)
“Our Network Operations Centre operates 24×7 with AI alerts.”
(Translation: Humans still matter, but dashboards now yell first.)
“We are exploring offshore wind opportunities of 1–2 GW.”
(Translation: Ambition upgraded from ‘wind farms’ to ‘big boy projects’.)
“Higher PLFs through 4.x and 5.x MW WTGs improve returns.”
(Translation: Same land, more juice—technology finally helping margins.)
4. Numbers Decoded
Metric Q3 FY26 YoY Change
-------------------------------------------------
Revenue (₹ Cr) 345 +63%
EBITDA (₹ Cr) 77 +75%
PAT (₹ Cr) 41 +58%
EBITDA Margin ~22% Expanded nicely
Interest Cost (₹ Cr) 11 +57%
EPS (₹) 6.18 +56%
- Margin expansion suggests scale benefits finally kicking in.
