• Capacity expansion targets: KPI Green aims to commission 80% to 85% of its 4.6 GW under-construction pipeline by the end of the fiscal year, with a long-term goal of reaching 10 GW split equally between IPP and CPP segments.
• Financial growth outlook: Management expects top-line revenue to grow at 30% to 40% over the next 12 to 18 months, with sustainable long-term EBITDA expanding as long-term IPP projects come online.
• Funding and leverage: The company does not plan to dilute equity in the near term, funding its capital expenditure through bank debt at an average cost of 8.5% to 9% while maintaining a target debt-to-equity ratio of approximately 1:1.
• New energy streams: Battery Energy Storage Systems (BESS) and green hydrogen ventures are projected to begin contributing partially to revenue in FY27–FY28, before delivering full operational contributions by FY28–FY29.