Transcript of Earnings Conference Call-Q1 FY2027

Date: September 1, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai - 400 001 Symbol: JNPR Scrip Code: 544853 Sub: Transcript of Earnings Conference Call–Q1 FY2027 Dear Sir/ Madam, Pursuant to Regulation 30 and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we enclose herewith the transcript pertaining to the audio call recording of the Company’s Earnings Conference Call held on August 27, 2026, to discuss the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026. The transcript of audio recording is available on the Company’s website and the same can be accessed through the link given below: https://www.junipergreenenergy.com/webcasts-and-transcripts/ We request you to kindly take the same on record. Thanking You, For Juniper Green Energy Limited Prashant Pandia Company Secretary and Compliance Officer FCS 12077 Encl: as above Juniper Green Energy Limited (Formerly known as Juniper Green Energy Private Limited) Registered office: 1103A & 1103B, 11th Floor, Hemkunt Chamber, 89, Nehru Place, New Delhi- 110019 Corporate office: 3rd and 4th Floor, Building 4, Candor TechSpace, Sector 48, Gurugram – 122001, Haryana CIN: U40100DL2011PLC228318 Email: cs@junipergreenenergy.com; website: www.junipergreenenergy.com/ Tel +91-124 4739600, Fax +91-124 4739666 “Juniper Green Energy Limited Q1 FY27 Earnings Conference Call” August 27, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recording uploaded on the stock exchanges on August 27, 2026, will prevail. MANAGEMENT: MR. ANKUSH MALIK – WHOLE TIME DIRECTOR AND CHIEF EXECUTIVE OFFICER – JUNIPER GREEN ENERGY LIMITED MR. PARAG AGRAWAL – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – JUNIPER GREEN ENERGY LIMITED MR. BAJRANG LAL BHURA – GENERAL MANAGER, INVESTOR RELATIONS – JUNIPER GREEN ENERGY LIMITED MODERATOR: MS. KAREENA JAIN – ADFACTORS PR Page 1 of 17 Juniper Green Energy Limited August 27, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 Earnings Conference Call of Juniper Green Energy Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Miss Kareena Jain from Adfactors PR. Thank you, and over to you, Kareena. Kareena Jain: Yes, thank you. Good morning everyone, and thank you for joining us on Juniper Green Energy's earnings conference call for the first quarter ended 30th June 2026. Today we have with us Mr. Ankush Malik, Whole Time Director and Chief Executive Officer. Mr. Parag Agrawal, Whole- Time Director and Chief Financial Officer, and we have Mr. Bajrang Lal Bhura, General Manager, Investor Relations. We will begin the call with the opening remarks by Mr. Ankush Malik on the business operations, key initiatives, and broad outlook, followed by the discussion on the financial performance by Mr. Parag Agrawal, after which the management will open the forum for the Q&A session. Before we get started, I would like to point out that some statements made on today's con-call may be forward-looking in nature and must be viewed in conjunction with the risks and the uncertainties that we face. A detailed statement and explanation of these risks is included in the earnings presentation which has been shared earlier with you all. The company does not undertake to update these forward-looking statements publicly. I would like to invite Mr. Ankush Malik to make his opening remarks. Over to you, sir. Ankush Malik: Thanks, thanks, Kareena. Good morning, everyone, and thank you for joining us for our Q1 FY27 earnings call. As you know, this is our first as a listed company. On behalf of the team, I would want to start by thanking our shareholders and new investors for the trust you have placed in us. Our IPO, through which we raised, INR 1,800 crores, was a significant milestone, and we are grateful for the confidence that you have shown in our long-term strategy. Before I turn to our company's performance, I'll just touch upon the broader sector. Power demand across the sector has remained strong, especially aided by the El Niño effect this year. It has translated into sustained peak demand pressure on the grid, and renewable capacity, particularly firm and dispatchable formats like the one we specialize in, continues to play an increasingly central role in meeting this gap. India's installed renewable power generation capacity now stands at close to 290 gigawatts, reflecting the continued pace of capacity addition across the industry, and the broader policy and regulatory environment remains constructive for developers like us. Against that backdrop, we believe Juniper is well positioned to keep on capturing an outsized share of the demand growth given the scale and technology mix of our portfolio. Page 2 of 17 Juniper Green Energy Limited August 27, 2026 Coming to our performance, I would want to highlight that this has been a milestone quarter for us. The first set of results we are presenting to you as a listed company. We have delivered our highest ever quarterly revenue and EBITDA and the highest ever renewable capacity that we have commissioned in a single quarter. On the operating side, our fleet-wide CUF for Q1 FY27 came in at 30.2%, up from 28.2% in the same quarter last year. Generation has grown by 72% to 944 million units. Within that, our wind portfolio, with a capacity of 190 megawatts delivered a weighted average CUF of 49.9%. Plant availability stood at 98.8% and grid availability at 99.6%. On execution, we commissioned 601 megawatt peak in the quarter alone. 458 megawatt peak of solar and 143 megawatts of wind, our highest ever quarterly commissioning. There's an additional 400 megawatt-hours of battery that we commissioned. Taking the broader window from April to date, we have now commissioned more than 760 megawatts of renewable capacity and roughly 400 megawatt-hours of BESS across 8 sites. And I want to specifically mention that during this quarter, we commissioned India's first FDRE project under the SJVN FDRE tender, a genuine first for the country and a proof point for the model we have built our growth around. On the generation side, we are now further targeting another 250 to 300 megawatts of capacity this quarter and overall 2 gigawatts for the full year. We remain firmly on track to deliver against this guidance. Connectivity, land, and financing for this pipeline are largely tied up and execution is progressing well across sites. We'll continue to keep you updated on our progress each quarter as these projects move towards commissioning. On the BESS side, we have commissioned approximately, as I mentioned, 400 megawatts in this quarter. However, we have placed additional orders for another 4 gigawatt- hours of capacity and remain on track for our target of approximately 4.5 gigawatt-hours of installed capacity by June '27 and 10 gigawatt-hours by March '28. Our BESS assets continue to perform well with a round-trip efficiency of approximately 91% and a state of health of around 99.6%, reflecting the quality BESS operations capability. Since the end of the quarter, we have also added meaningfully to our pipeline. We won two new tenders, the SECI Firm and Dispatch renewable energy round-the-clock tender for a planned 870 megawatts and 2,200 megawatt-hours of BESS against a 230-megawatt contracted capacity at a tariff of INR 5.26 We have already received the letter of award for this capacity. The thermal mimic c [Showing first 8,000 characters — download PDF for full document]