KPI Green Energy Limited submitted to the Exchange transcript of Earnings Conference Call held on August 12, 2026 at 11:00 AM to discuss the unaudited standalone & consolidated financial ....

KPI/MAT/AUG/2026/809 Date: August 18, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400051 Scrip Code: 542323 Symbol: KPIGREEN Sub.: Transcript of Investors/Analyst Earnings Conference Call held on August 12, 2026 Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”). Dear Sir/Madam, Further to our communication dated August 07, 2026 and August 12 2026, please find enclosed the transcript of the Earning Conference Call held on Wednesday, August 12, 2026 at 11:00 A.M. (IST) to discuss the unaudited standalone & consolidated financial results for the quarter ended June 30, 2026. The said Transcript is also available on the website of the Company at www.kpigreenenergy.com. We request you to take the same on your record. Thanking you, Yours faithfully, For KPI Green Energy Limited Krunal Bhatt Company Secretary & Compliance Officer Encl.: a/a “KPI Green Energy Limited Q1 FY27 Earnings Conference Call” August 12, 2026 MANAGEMENT: MR. SOHIL DABHOYA – WHOLE-TIME DIRECTOR – KPI GREEN ENERGY LIMITED DR. ALOK DAS – GROUP CHIEF EXECUTIVE OFFICER – KPI GREEN ENERGY LIMITED MR. SALIM YAHOO – CHIEF FINANCIAL OFFICER – KPI GREEN ENERGY LIMITED MR. VINOD JAIN – PRESIDENT, INVESTOR RELATIONS – KPI GREEN ENERGY LIMITED MODERATOR: MR. CYRIL PAUL – ERNST & YOUNG Page 1 of 18 KPI Green Energy Limited August 12, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the KPI Green Energy Limited Q1 FY27 Earnings Conference Call. 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 this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Cyril Paul from EY. Thank you, and over to you, sir. Cyril Paul: Thank you, Avirath. Good morning, everyone. On behalf of Ernst & Young, I welcome you to the Q1 FY27 Earnings Conference Call of KPI Green Energy Limited. We are pleased to have with us senior management team from the company represented by Mr. Sohil Dabhoya, Whole- Time Director; Dr. Alok Das, Group CEO; Mr. Salim Yahoo, former Chief Financial Officer; and Mr. Vinod Jain, President, Investor Relations. We will have the opening remarks from the management followed by a question-and-answer session. On that note, let me hand over the call to Mr. Vinod Jain. Over to you, Mr. Jain. Vinod Jain: Thank you, Cyril. Good morning, everyone. Myself Vinod Jain, Head of Investor Relations at KPI Green Energy. On behalf of management team, I would like to extend a very warm welcome to all of our investors, analysts, stakeholders and other participants for today's Q1 FY27 earnings call. Leadership team has already been introduced by Mr. Cyril. I would like to briefly touch upon a few important leadership developments during the quarter. We are delighted to welcome Professor Sunil Maheshwari as Vice Chairman; and Mr. Rajesh Shrivastava as Whole-Time Director. Both leaders having decades of experience across strategy, governance, business transformation, renewable energy, infrastructure and organization leadership further strengthen the depth and capability of our Board as we enter the next phase of growth. We are also pleased to welcome Mr. Kapil Kriplani as incoming Group CFO. His extensive experience in finance, capital markets and strategic growth initiatives will be a valuable addition as we continue to scale the business and strengthen our institutional platform. Please note that the company has published its results and has uploaded the investor presentation yesterday. I trust that all of you have had the opportunity to review them. Before we begin, I would like to remind everyone that certain statements made during this call may be forward- looking in nature. Such forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ from those anticipated. While these statements are based on management's current beliefs and assumptions, investors are cautioned not to place undue reliance on them while making their investment decisions. With that, now I hand over the call to Mr. Salim Yahoo, our CFO, for his brief address, followed by the question and answer. Thank you, and over to Mr. Salim Yahoo. Salim Yahoo: Thank you, Vinod. Good morning, everyone, and a warm welcome to all of you, those who are there on today's call. On behalf of KPI Green Energy Limited, I extend a warm welcome to all our investors, analysts, shareholders and participants joining us today for the earnings conference call for the quarter ended June 30, 2026. I hope all of you have had the opportunity Page 2 of 18 KPI Green Energy Limited August 12, 2026 to go through our unaudited financial results and the investor presentation uploaded on the stock exchange. KPI Green Energy Limited has made a strong start to the financial year FY26-'27. The company has continued to deliver healthy growth in revenue and operating profit, backed by consistent execution, a diversified renewable portfolio across IPP and CPP segments and a clear focus on building long-term sustainable value. Our journey over the past 5 years reflects the strength and scalability of our business model. During this period, our compounded growth has been remarkable with a 92% CAGR in revenue, 104% CAGR in profit. This demonstrates that KPI Green Energy Limited remains well aligned with India's renewable energy requirement and continues to create sustainable value for shareholders. Speaking about the financial performance for Q1 FY27, our total income stood at INR710 crore as compared to INR614 crore in Q1 FY26, registering growth of 16% Y-o-Y. On the similar line, EBITDA increased to INR262 crore as compared to INR217 crore in the corresponding quarter, reflecting a growth of 21% year-on-year. Our EBITDA margin has improved to 37% from 35%, reflecting the operating strength of our portfolio. Profit after tax for the quarter stood at INR95 crore as compared to INR111 crore in Q1 FY26. I would like to take some time and like to explain this clearly. The year-on-year movement in PAT reflects higher depreciation and finance costs on rapidly growing asset base. As we commission new IPP capacity, the associated depreciation and interest are recognized upfront, while the full revenue and earning contribution of these assets materialize progressively over the year. Cash profit, which is a better measure of the underlying cash generation of the business actually grew at 6% year-on-year basis to INR176 crore as compared to INR163 crore in Q1 FY26. We expect the full earning contribution of the newly commissioned assets to build through the remainder of FY27. It is also worth noting that our Q1 FY27 unit generation under the IPP portfolio has grown nearly 4x year-on-year and the generation achieved in this single quarter already exceeds 65% of the entire FY26 generation. This reflects the scale of our annuity base and the growing recurring revenue engine of the company. Speaking about the operational and portfolio highlights, on the operational front, KPI Green continues to scale its renewable portfolio across IPP and CPP segment. As of June 30, 2026, our portfolio has reached approximately 6.94 gigawatts, up 71% year-on- year from 4.06 gigawatt a year ago. This comprises an installed capacity of 1.87 gigawatt and work in progress capacity of 5.07 gigawatts. Of the total portfolio, 2.57 gigawatt is under IPP and 4.37 gigawatt is under the CPP segment. During the year gone by, we commissioned 0.85 gigawatt of capacity while booking a further 2.88 gigawatt of fresh orders, taking overall capacity from 4.06 gigawatt to 6.94 [Showing first 8,000 characters — download PDF for full document]