KP Green Engineering: Soaring High with Record H1 FY26 Performance and Strategic Expansion

KP Green Engineering Limited, a prominent player in India's renewable energy and heavy engineering sectors, has delivered an exceptional performance in the first half of Fiscal Year 2026 (H1 FY26). The company reported a consolidated total income of ₹536 crore, marking an impressive 101% year-on-year growth compared to ₹266 crore in H1 FY25. This robust financial showing underscores the company's strong operational efficiency and strategic execution, positioning it for continued leadership in the sustainable infrastructure domain.

Profitability metrics mirrored this upward trajectory, with EBITDA surging by 133% to ₹102 crore from ₹44 crore in the previous year. Profit After Tax (PAT) also saw a significant increase of 112%, reaching ₹58 crore compared to ₹27 crore in H1 FY25. This stellar growth is attributed to enhanced operational efficiencies and economies of scale, which have consistently improved the company's margins. The Earnings Per Share (EPS) for H1 FY26 stood at ₹11.7, up from ₹5.5 in H1 FY25, reflecting a 112% increase.

Strategic Growth and Capacity Expansion

KP Green Engineering's growth narrative is deeply rooted in its ambitious capacity expansion and diversification strategy. The company's flagship Matar-integrated engineering complex is now in its final stages of execution. This facility is set to house Asia's largest hot-dip galvanizing plant, with a capacity of over 90,000 MT/PA. The kettle for this plant has already been installed and is expected to be operational by December 2025. This expansion will significantly boost production efficiency, reduce process timelines, and enable the company to undertake larger and more complex orders.

By the end of FY26, the company's total manufacturing capacity is projected to reach 4,00,500 metric tons per annum, a substantial increase from the existing 3,10,500 MT/PA. This expansion is crucial for meeting the increasing demand across renewable energy, transmission, railway, telecom, and infrastructure sectors. The company's proactive approach in securing approvals from various state utilities, including Rajasthan, Punjab, and Chhattisgarh, further strengthens its ability to participate in a broader range of transmission and infrastructure projects.

Financial Highlights (Consolidated)

Diversification and Future-Ready Technologies

KP Green Engineering is not just growing in capacity but also strategically diversifying its product portfolio and venturing into future-ready technologies. The company has launched new verticals in Pre-Engineered Building (PEB), Heavy Engineering, Monopole, and High Mast. These new divisions have already started receiving orders and are establishing a solid market presence, with the Monopole and High Mast vertical undergoing wind tunnel testing and expecting commercial rollout soon. This diversification is key to expanding market reach and contributing to both revenue and profitability.

The company is also at the forefront of sustainable energy solutions, signing significant Memoranda of Understanding (MoUs). A notable MoU with the Government of Gujarat involves an investment of ₹8,000 crore to establish a state-wide network of Hydrogen and Electric Vehicle (EV) fuel stations. This initiative, part of the Vibrant Gujarat Regional Conference 2025, aims to create approximately 1,000 employment opportunities and strengthen Gujarat's clean energy ecosystem.

Furthermore, KP Group has forged a strategic international partnership with South Korea (Jeonbuk Province) to advance the global Green Hydrogen ecosystem. The company has also signed MoUs with Delta Electronics India for collaboration in Battery Energy Storage Systems (BESS), green hydrogen, and EV charging infrastructure. These collaborations reinforce KP Group's long-term commitment to sustainability-driven growth and its mission to contribute meaningfully to India's renewable and infrastructure sectors.

In a significant move to bolster its renewable energy footprint, KP Group, through its entities, entered a Framework Agreement with Senvion India to jointly develop up to 2 GW of wind and wind-solar hybrid projects across multiple Indian states over the next three years. This partnership leverages KP Group's expertise in project development and Balance of Plant (BoP) with Senvion's proven turbine technology, promising faster and more efficient project execution.

Order Book Breakdown (as of H1 FY26)

Outlook and Commitment

KP Green Engineering is well-positioned for sustained high growth, with clear visibility and strong demand. The company's current order book stands at approximately ₹1,100 crore, with an equivalent amount in the pipeline, ensuring robust revenue streams for the coming periods. Management has guided for a minimum revenue growth of 60-70% for FY26, with potential for even higher growth. The company also aims to shift its order book mix from the current 50% internal and 50% external to a 30% internal and 70% external ratio, indicating a focus on broader market penetration.

The company's commitment to excellence extends beyond financials, as evidenced by its