Guidance ledger · Q4 FY26

KPI Green Energy Ltd KPIGREEN

5 revisions on record · 2 lowered · 1 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

Holding view → · latest concall · The pulse

↓ lowered Revenue growth guidance range (annual) Q3 FY26 → Q4 FY26

~~around 50% to 60% year-on-year~~ → 40% to 50% year-on-year (CMD-level, repeated in interviews)

“we are binded to grow at a rate of 40% to 50% year-on-year.”

↓ lowered Long-term CAGR till FY30 Q4 FY25 → Q4 FY26

~~60%-70% (Q4FY25 origin)~~ → 40%-50% CAGR till FY '30

“So currently, we are saying 40% to 50% CAGR till FY '30.”

→ narrowed Sundrops Energia IPO listing timing Q3 FY26 → Q4 FY26

~~first half of next financial year (H1 FY27), contingent on BESS~~ → this financial year (FY27), DRHP filing 'shortly'

“This year, as we told, this year, this financial year, we'll be doing the listing for Sundrops.”

↑ raised IPP capacity addition (this financial year) Q3 FY26 → Q4 FY26

~~1 GW by September 2026~~ → 1.7 gigawatt on the IPP side this financial year

“we are planning to get it in this financial year, 1.7 gigawatt on the IPP side.”

→ narrowed Combined EBITDA margin band Q3 FY26 → Q4 FY26

~~blended ~30-35% (Q3FY26)~~ → 33% to 36% (16-18% EPC + 85% IPP)

“So combined EBITDA of the company comes at around 33% to 36%.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.