KP Green Engineering H1FY26 profit +112%, income ₹536 cr

Why the latest numbers matter

KP Green Engineering and KPI Green Energy released FY26-related updates that showed strong growth despite a tougher market backdrop. For KP Green Engineering, the focus was on higher income, sharp profit growth, and a growing order book supported by manufacturing expansion. The company reported consolidated total income of ₹536 crore for H1 FY26 and highlighted an order book of ₹1,100 crore in the same context. It also shared a larger order book figure of about ₹1,831 crore as of March 31, 2026, indicating visibility beyond the half-year snapshot. Separately, renewable energy player KPI Green Energy reported a strong Q4 FY26 with higher revenue, profit, and EBITDA margin expansion. The two sets of updates matter because they show how execution and capacity additions are translating into reported earnings. And for investors, the disclosures provide hard numbers on demand, profitability, and operating leverage.

KP Green Engineering: H1FY26 income and sales growth

KP Green Engineering said consolidated total income for H1 FY26 came in at ₹536 crore. On a consolidated basis, the company’s net profit surged 112.19% year-on-year to ₹58.31 crore in H1FY26. Net sales increased 102.80% year-on-year to ₹532.07 crore over H1FY25. The company linked the performance to a strategic focus on expanding manufacturing capacity and diversifying its order book. It also pointed to the strength of demand and operational execution as key supports for growth. Alongside the reported numbers, the company flagged its order book as a key driver for near-term revenue conversion. The half-year performance provides a checkpoint on the pace of scale-up relative to the company’s longer-term expansion plans.

Order book, sector mix, and revenue visibility

KP Green Engineering cited multiple order book figures across updates, reflecting different reference points. It stated the order book “currently stands” at ₹1,100 crore in the context of H1 FY26 performance. In the earnings-call-style disclosures, the company also said order books remained strong at approximately ₹1,831 crore as on March 31, 2026. It further mentioned securing confirmed orders worth more than ₹1,860 crore, including a landmark “819 plus” DSNL order that marked a strategic re-entry into the telecommunication sector. Management also referenced a “robust order book” of ₹1,800 plus for FY26 in its operational overview. Taken together, the disclosures indicate a pipeline that spans multiple sectors and time periods. The telecom re-entry point is notable because the company explicitly linked it to long-term annuity income visibility through operations and maintenance (O&M). These order book disclosures are central to how the company frames revenue visibility.

Capacity buildout and the manufacturing ecosystem

The company positioned manufacturing capacity expansion as a core driver behind growth. It stated that its current manufacturing capacity has reached 4.5 lakh metric tonnes per annum. It also said it continues to extend its manufacturing ecosystem, including commissioning of Asia’s largest hot dip galvanizing plant at “MA” (as referenced in the provided text). While the update did not quantify the plant’s financial contribution, it framed the commissioning as part of scaling up capabilities. Capacity additions typically affect throughput, delivery schedules, and the ability to bid for larger or more complex orders. In this case, the company linked execution and scale to improving margins and economies of scale in subsequent periods. The operational disclosures were presented alongside financial performance metrics, suggesting a close relationship between capacity ramp-up and profitability.

FY26 full-year snapshot shared on the earnings call

In the May 13, 2026 earnings call notes for KP Green Engineering Limited (NSE: KPGEL), management described FY25-26 as “transformational.” It said total income for FY26 stood at ₹1,250 crore compared with ₹702 crore in FY25, a year-on-year growth of 78%. EBITDA was reported at ₹249 crore for FY26 versus ₹115 crore in FY25, a rise of 117%. EBITDA margin expanded to 20% in FY26 from 16% in the previous year, as per the same disclosure. Profit after tax (PAT) stood at ₹136 crore in FY26 compared with ₹73 crore in FY25, a growth of 85%. The company also shared H2FY26 numbers: consolidated total income of ₹714 crore (up 64% from ₹436 crore in H2FY25), EBITDA of ₹147 crore (up 108%), and PAT of ₹77 crore (up 68%). These figures complement the H1FY26 update by showing how performance evolved across the second half and the full year.

Profitability and leverage metrics (TTM)

A separate profitability snapshot (TTM) listed revenue at ₹1,250 crore and earnings at ₹136 crore, aligning with the FY26 full-year figures cited elsewhere in the text. The same TTM table showed cost of revenue of ₹870 crore and gross profit of ₹380 crore. Other expenses were listed at ₹245 crore. The table also reported EPS of 27.15, gross margin of 30.43%, and net profit margin of 10.86%. Debt to equity was listed at 57.2%. The “last reported earnings” date was stated as March 31, 2026, and the next earnings date was shown as n/a. These metrics provide a standardised view of margins and capital structure based on the data presented.

Management growth commentary for FY26

The provided text also stated that management anticipates revenue growth of 60%-70% for FY26, citing strong demand and operational strategies. This sits alongside the later disclosure that FY26 total income rose 78% year-on-year to ₹1,250 crore compared with FY25. The two statements appear in different parts of the material and may reflect different timing of guidance versus reported outcomes. What is clear from the disclosed numbers is that the company framed growth as execution-led and capacity-backed. It also highlighted diversification in the order book as part of the strategy to sustain momentum. No additional quantified guidance beyond the stated percentage range was provided in the text.

KPI Green Energy: Q4FY26 profit up, margins expand

KPI Green Energy held an analyst and investor earnings conference call on Tuesday, May 12, 2026, at 11:00 AM IST to discuss audited results for the quarter and year ended March 31, 2026. For Q4 FY26, the company reported consolidated net profit (PAT) of ₹155.47 crore, up 49.23% year-on-year from ₹104.18 crore. Total revenue for Q4 FY26 stood at ₹810.20 crore, rising 40.22% from ₹577.80 crore in Q4 FY25. Profit before tax (PBT) increased 54.27% to ₹214 crore compared with ₹139 crore in the year-ago quarter. EBITDA for Q4 FY26 came in at ₹305 crore, an 80% rise from ₹169 crore in Q4 FY25. EBITDA margin expanded to 38% from 29% over the same period. The company attributed the improvement to strong execution momentum and better operating efficiency across renewable energy project execution.

Stock reaction and reported full-year growth for KPI Green Energy

Following the Q4 FY26 results, KPI Green Energy shares rose 5.09% to ₹479.05, according to the provided text. For the full financial year FY26, KPI Green Energy reported a 57% increase in consolidated PAT to ₹509 crore. Total revenue for FY26 rose 56% year-on-year to ₹2,742 crore. The update also referenced rapid execution across solar, wind, hybrid power projects, and IPP capacity expansion as business drivers. It said the company saw rising order inflows across renewable energy segments, although it did not provide an order book number in the included material. The combination of higher margins and profit growth suggests stronger operating leverage during the quarter as per the disclosed metrics. The reported share price move indicates the market reacted positively to the earnings release on the day mentioned.

Key figures at a glance

Market impact and what to track next

For KP Green Engineering, the disclosed story is centred on scaling manufacturing capacity, maintaining a large order book, and translating that into higher income and profits across H1, H2, and the full year. Investors will likely track whether the company continues to convert the ₹1,100 crore to ₹1,831 crore order book range into billings while holding margins around the levels mentioned in the FY26 call disclosures. For KPI Green Energy, the key takeaway in the provided data is the Q4 margin jump to 38% and a strong profit increase alongside 40% revenue growth. The market’s immediate response, with the stock rising 5.09% to ₹479.05, shows the earnings print was a near-term catalyst. The next set of updates investors typically watch are subsequent quarterly execution levels, operating margins, and any new disclosures on capacity and project pipeline. Based strictly on the provided text, KPI Green Energy’s next earnings date was not specified, and KP Green Engineering’s future steps were referenced mainly through order book visibility and continued ecosystem expansion.