KP Green Engineering – Q4 FY26 Results

key financial highlights

• Revenue from Operations:
  • Revenue (Q4 FY26): ₹713.50 Cr
    • QoQ Change: +33.99%
    • YoY Change: +65.07%
  • Previous Quarter (Q3 FY26): ₹532.07 Cr
  • Previous Year (Q4 FY25): ₹432.28 Cr
• Profit After Tax (PAT):
  • PAT (Q4 FY26): ₹77.43 Cr
    • QoQ Change: +32.80%
    • YoY Change: +68.31%
  • Previous Quarter (Q3 FY26): ₹58.31 Cr
  • Previous Year (Q4 FY25): ₹46.01 Cr
• QoQ Performance
  • Revenue Trend: Strong growth
  • Profit Trend: Strong improvement

Margin Analysis

Drivers:

• Total income surged to ₹713.94 Cr from ₹535.98 Cr QoQ.
• Operating leverage improved significantly due to higher execution scale.
• Product sales contributed substantially to topline growth.
• Employee cost remained controlled relative to revenue expansion.
• Higher finance and depreciation costs were absorbed by strong revenue growth.

Insight:

• The company is entering a strong scaling phase with improving profitability and expanding operational efficiencies.

Segment performance

Segments: Revenue from Sale of Products

• Revenue: ₹713.38 Cr
• Insights:
  • Primary growth driver supported by strong project execution

Segments: Revenue from Services

• Revenue: ₹0.12 Cr
• Insights:
  • Negligible contribution during the quarter

Segment insight

Summary:

• KP Green Engineering continues to benefit from strong infrastructure and renewable-linked industrial demand, enabling rapid operational expansion.

Charcateristics:

• Aggressive revenue scaling.
• Strong execution momentum.
• Industrial infrastructure expansion.
• Improving operating leverage.
• Capex-led growth cycle.

Earning quality check

Drivers:

• PAT growth supported by core operational revenue.
• Strong operating cash generation.
• Revenue growth significantly exceeded expense growth.
• Healthy scalability in operations.
• Positive working capital support from trade payables.

Interpretations:

• Earnings quality appears healthy as profitability growth is supported by strong operational expansion and improved scale efficiencies.

balance sheet Analysis

• Total Assets: ₹1,586.55 Cr
• Total Liabilities: ₹1,128.97 Cr

Insight:

• The balance sheet expanded sharply during FY26 as the company aggressively scaled operations and increased infrastructure investments.

Key Observations:

• Total equity increased to ₹457.57 Cr from ₹324.09 Cr.
• Property, plant & equipment nearly doubled to ₹455.50 Cr.
• Inventories increased sharply to ₹464.99 Cr.
• Trade payables rose significantly to ₹328.84 Cr.
• Current borrowings expanded to ₹226.90 Cr.

Cash flow analysis

Operating Activities:

• Net operating cash inflow stood at ₹155.41 Cr.
• Strong operating profitability supported cash generation.

Investing Activities:

• Net investing cash outflow stood at ₹365.94 Cr.
• Significant capex spending was directed toward fixed assets and expansion projects.

Financing Activities:

• Net financing cash inflow stood at ₹205.37 Cr.
• Borrowings increased materially to support aggressive expansion.

Final Cash Position:

• Cash & Cash Equivalents : ₹8.98 Cr
• Previous Year : ₹14.14 Cr

key risks

• Rapid working capital expansion.
• Rising borrowings and finance costs.
• Inventory build-up risk.
• Execution dependency on infrastructure demand.
• Margin pressure from raw material volatility.
• Aggressive capex cycle.

management strategy signals

Focus Area:

• Capacity expansion.
• Infrastructure scaling.
• Renewable-linked engineering projects.
• Operational execution acceleration.
• Asset base expansion.

Financial metrics table

Quarterly Performance Context