K.P. Energy Ltd

Strategic LOI with Raz Holding Group

• KP Group and Raz Holding Group signed a non-binding LOI for a potential investment and/or collaboration.
• LOI contemplates acquisition, capital infusion, or collaboration; final structure to be mutually agreed after due diligence.
• Binding agreements require due diligence and regulatory approvals including FEMA/RBI, SEBI, and competition law.
• Exclusivity period is 90 days from the LOI date, valid until 18 November 2026.
• Any binding commitment will arise only on execution of definitive agreements.

Meeting Details

• Date: August 25, 2026; group site visit at Gujarat wind project sites.

Participants

• Key company participants: management (e.g., Whole-Time Director) to attend.

Purpose

• Purpose: discuss publicly available information with analysts/investors during the site visit.

Additional Notes

• Schedule subject to change due to exigencies on investors' and/or Company's part.

Financial Performance

• Consolidated total income: Rs. 520.97 cr; YoY Rs. 220.60 cr in Q1 FY26.
• Revenue from operations: Rs. 519.46 cr; Q1 FY26: Rs. 219.54 cr.
• Gross margin: ~20% in Q1 FY27 vs 28% in Q4 FY26.
• Profit before tax: Rs. 37.44 cr; Q1 FY26: Rs. 34.75 cr.
• Profit after tax: Rs. 26.08 cr; Q1 FY26: Rs. 25.42 cr.

Operating Update

• Order book end-Q1 FY27: 2.16 GW; value Rs. 2,250 cr.
• Standalone IPP capacity: 48.5 MW (11.5 MW solar; 37 MW wind).
• IPP additions: 200 MW with sovereigns; PPAs signed in April and June–July.
• Commissioning timeline: 24 months from April 2026 onward.
• IPP revenue share: ~2% of total revenue; previously ~1%.

IPP Growth & Pipeline

• Standalone IPP target: 100 MW by FY27 end; total expands to 248.5 MW after 2 years (48.5 + 200).
• PPAs signed for 200 MW IPP; partial commissioning possible after milestones.
• Current IPP portfolio: 48.5 MW; 11.5 MW solar, 37 MW wind.

Guidance & Outlook

• FY27 topline growth guidance: 30%–40%.
• Guidance narrowed from 40–50% to 30–40%.
• Group target: 10 GW by 2030; company-specific targets to be published soon.

Q&A Highlights

• Margins: Q1 gross margin 20%; management cautions against using Q1 as benchmark.
• Margins may remain volatile; no explicit net-margin forecast; focus on execution efficiency.
• Order book value: Rs. 2,250 cr; 50% related-party, 50% non-related.
• Geographic expansion: Karnataka opening; progress to other states planned.
• IPPs: standalone 100 MW target by FY27; 200 MW PPAs; potential partial commissioning to accelerate returns.

Meeting Details

• Aug 12, 2026 at 03:00 PM IST
• Analyst/Investors earnings conference call; virtual audio format

Participants

• Key company participant: Whole Time Director

Purpose

• Earnings discussion for quarter ended June 30, 2026

Additional Notes

• Audio recording uploaded on the company website
• Transcript to be submitted in due course

Business Overview

• End-to-end wind and wind-solar hybrid EPC and commissioning provider.
• IPP portfolio 250.5 MW; 48.5 MW operational; remainder under execution.
• Total renewable portfolio 3.73 GW; 1.57 GW installed; 646 MW O&M portfolio.
• Capable to install 4–5 MW turbines; in-house BoP, towers, and O&M.

Financial Performance

• Q1 FY27 revenue from operations ₹519 Cr; YoY growth 137%.
• EBITDA ₹62 Cr; PAT ₹26 Cr; Basic EPS ₹3.85.
• EBITDA margin 12%; total income ₹521 Cr.
• Interest ₹15 Cr; Depreciation ₹9 Cr.

Growth & Outlook

• Group capacity 9.2 GW; target 10+ GW by 2030.
• Offshore wind potential 70 GW; offshore PLF 45–50%.
• GST on wind equipment reduced to 5%; improves economics.
• ₹7,453 Cr central VGF scheme for 1 GW offshore wind.
• CERC inter-state trading license enables pan-India trading.

Governance & Leadership

• Prof. Sunil Kumar Maheshwari appointed Vice-Chairman; board strengthening.
• Dr. Alok Das appointed Group CEO; Jatinder Singh Bedi joins leadership.
• Shabana Belim appointed Chief Financial Officer; Karunamoorthy Director Technical.
• Independent Directors include Dukhabandhu Rath, Rajendra Desai, Indu Rao Kaveti.

Meeting Details

• Emkay Confluence investor meet on Fri, Aug 14, 2026, 10:00 AM–05:00 PM, Mumbai, physical.
• Type: Group / One; Mode: Physical.
• Event: Emkay Confluence, India: Full Throttle Ahead.

Participants

• Key company participants: Whole Time Director.

Purpose

• Purpose: Analyst/institutional investor meet.

Additional Notes

• Schedule subject to change.

Meeting Details

• August 12, 2026 at 03:00 PM IST.
• Group earnings conference call (virtual) with analysts/investors.
• Organised by Share India Securities Ltd.
• Company participants: Whole Time Director; Group CEO; CFO; IR Head.
• Discuss Q1 FY27 unaudited results for quarter ended June 30, 2026.
• Conference call invite attached; details hosted on the company website.

ESOP grant details

• Circular resolution by the Nomination and Remuneration Committee approved the grant on 16 July 2026.
• Grant of 6,189 stock options under KP Energy ESOP-2023 to one eligible employee.
• Each option converts into one equity share of Rs 5 face value.
• Exercise price fixed at Rs 33 per share.
• Vesting schedule: 25% after year 1, 25% after year 2, 35% after year 3, 15% after year 4.
• Minimum vesting period is one year; maximum vesting period five years from grant.
• Options exercisable within three months from vesting; unexercised options lapse.
• KP Energy ESOP-2023 complies with SEBI SBEB Regulations 2021.