• Maharashtra BESS project: GK Energy won a 150 MW / 300 MWh BESS project in Maharashtra requiring around ₹280 crore in capex and ₹50 crore in viability gap funding, which will yield ₹42 crore in annual fixed revenue over 15 years.
• BESS revenue targets: The company anticipates generating ₹500 to ₹600 crore annually from utility-scale BESS after three years, with total BESS revenue projected to exceed ₹1,000 crore by FY29 across utility, C&I, and residential segments.
• FY30 revenue roadmap: GK Energy is on track to achieve its $1 billion revenue target by FY30, driven by BESS contributing roughly 30% of the total alongside rooftop solar and the upcoming PM-KUSUM 2.0 rollout.
• Operating margin outlook: Profit margins are expected to remain sustainable and stable at the current 16% to 17% range, with potential fluctuations limited to within 0.5% to 1%.