Juniper Green Energy Q1 FY27: Revenue Jumps 79%, Operational Capacity Reaches 2,575 MWp

BY ADMIN • FILED 27 Aug 2026, 10:35 AM

Juniper Green Energy Limited reported strong operational and financial performance in the first quarter of FY27, supported by significant renewable energy capacity additions and continued expansion in battery energy storage systems (BESS).

The company’s Q1 FY27 earnings presentation, dated August 27, 2026, highlights a sharp improvement in revenue, EBITDA and profit, alongside an expanding portfolio of solar, wind, wind-solar hybrid (WSH) and firm and dispatchable renewable energy (FDRE) projects.

Q1 FY27 Financial Performance

Juniper Green Energy reported total income of ₹324 crore in Q1 FY27, registering a 79% year-on-year increase from ₹181 crore in Q1 FY26. Total income also increased 33% sequentially from ₹244 crore in Q4 FY26.

EBITDA rose 86% YoY to ₹294 crore, compared with ₹159 crore in Q1 FY26. On a quarter-on-quarter basis, EBITDA increased 38% from ₹214 crore.

The company’s EBITDA margin improved to 91%, up 300 basis points from 88% in both Q1 FY26 and Q4 FY26.

Operating income stood at ₹291 crore, up 81% YoY from ₹161 crore, while operating EBITDA increased 89% YoY to ₹261 crore. Operating EBITDA margin improved to 90%, compared with 86% in Q1 FY26.

Profit after tax (PAT) increased 54% YoY to ₹33 crore, compared with ₹22 crore in Q1 FY26. PAT also increased 55% sequentially from ₹22 crore in Q4 FY26.

Cash PAT stood at ₹108 crore, up 50% YoY from ₹72 crore.

Q1 FY27 Financial Snapshot

Total Income: ₹324 crore, +79% YoY
Operating Income: ₹291 crore, +81% YoY
EBITDA: ₹294 crore, +86% YoY
EBITDA Margin: 91%, up 300 bps YoY
Operating EBITDA: ₹261 crore, +89% YoY
Operating EBITDA Margin: 90%, up 400 bps YoY
PAT: ₹33 crore, +54% YoY
Cash PAT: ₹108 crore, +50% YoY
Days Receivable Outstanding: 19 days as of June 30, 2026

Renewable Energy Capacity Expands Rapidly

Juniper Green Energy continued to accelerate its capacity commissioning during Q1 FY27.

The company commissioned 601 MWp of renewable energy capacity during Q1 FY27, comprising 458 MWp of solar and 143 MW of wind capacity. This was the company’s highest-ever renewable energy capacity addition in a single quarter.

Operational capacity reached 2,409 MWp as of June 30, 2026. Following the commissioning of another 167 MW of wind capacity after June 30, total operational capacity increased to 2,575 MWp as of the date of the presentation.

The company’s operational wind capacity has increased significantly, reaching 460 MW, while total operational BESS capacity stands at 503 MWh.

Strong Generation Growth

Juniper Green Energy’s operational performance also improved during the quarter.

Generation increased 72% YoY to 944 million units, compared with 548 million units in Q1 FY26. The increase was primarily driven by capacity additions.

The company’s overall Capacity Utilization Factor (CUF) improved to 30.2%, compared with 28.2% in Q1 FY26.

For projects covered by the company’s stated methodology, the weighted average CUF for 192 MW of wind projects was 49.9%, while the weighted average CUF for 935 MW of solar projects stood at 27.9%.

Plant availability stood at 98.8%, compared with 99.2% in Q1 FY26, while grid availability improved to 99.6% from 99.3%.

The company said the decline in plant availability was mainly due to the increasing share of wind capacity in its overall operational portfolio.

BESS Expansion Becomes a Key Growth Driver

Battery energy storage is emerging as an important component of Juniper Green Energy’s growth strategy.

The company commissioned approximately 400 MWh of BESS during Q1 FY27 and has ordered additional BESS capacity of around 4,000 MWh.

Juniper Green Energy is targeting approximately:

4,500 MWh of installed BESS capacity by June 2027
10,000 MWh of installed BESS capacity by March 2028

The company also stated that connectivity is available, including granted and applied connectivity, for more than 20,000 MWh of BESS.

New PPA and Tender Wins

Juniper Green Energy secured additional business opportunities after June 30, 2026.

The company signed a 50 MW PPA with SJVN under its FDRE portfolio at a tariff of ₹4.25/kWh.

It also received a Letter of Award under the SECI Firm and Dispatchable Renewable Energy Round-the-Clock thermal mimic tender. The planned configuration includes 870 MWp of renewable capacity and 2,200 MWh of BESS, against a contract capacity of 230 MW, at a tariff of ₹5.26/kWh.

In addition, Juniper Green Energy won a 50 MW wind project from GUVNL at a tariff of ₹3.51/kWh.

Together, the two new tenders represent 920 MWp of renewable capacity and 2,200 MWh of BESS.

The company also highlighted the commissioning of India’s first FDRE project under the SJVN FDRE scheme tender.

Total Portfolio Reaches 11,216 MWp

Juniper Green Energy’s total portfolio stood at 11,216 MWp as of the date of the presentation, supported by 8,989 MWh of BESS capacity.

The portfolio comprises:

2,575 MWp operational capacity
3,562 MWp under construction with signed PPAs
5,079 MWp under construction/awarded projects
503 MWh operational BESS
3,586 MWh BESS linked to under-construction contracted projects
4,900 MWh BESS linked to awarded projects

A notable feature of the portfolio is its increasing exposure to FDRE and WSH projects. The company stated that 84% of its total portfolio consists of FDRE and WSH projects.

The weighted average tariff across the total portfolio stands at approximately ₹3.70/kWh.

Strong Project Pipeline

Juniper Green Energy has a sizeable pipeline of projects under construction with signed PPAs.

The company’s under-construction contracted portfolio includes 3,562 MWp of DC capacity and 3,586 MWh of BESS.

Several projects are expected to become operational between September 2026 and December 2027.

Major projects include FDRE developments with significant BESS capacity, such as:

Juniper Green Light Ten: 480 MWp with 884 MWh BESS
Juniper Green Beta Six: 500 MWp with 784 MWh BESS
Juniper Green Bess Zeta: 451 MWp with 362 MWh BESS
Juniper Green Cosmic: 500 MWp with 1,039 MWh BESS
Juniper Nirjara Energy: 116 MWp with 235 MWh BESS
Juniper Green Sigma Eight: 192 MWp with 281 MWh BESS

The company expects phased commissioning for several large BESS-linked projects beginning from FY27.

₹1,183 Crore Capex During Q1 FY27

Juniper Green Energy invested significantly in capacity expansion during the quarter.

The company incurred ₹1,183 crore of capex in Q1 FY27. Its gross block stood at ₹10,072 crore as of June 30, 2026, while capital work-in-progress, including capital advances, stood at ₹6,231 crore.

Total capex stood at ₹16,303 crore as of June 30, 2026.

The company has continued to expand its project execution capabilities through an in-house EPC team, enabling parallel execution across multiple locations and states at both STU and CTU levels.

Debt and Financing Position

Total debt stood at ₹13,182 crore as of June 30, 2026, while net debt stood at ₹11,217 crore.

Net debt for the operational portfolio was ₹7,183 crore.

Juniper Green Energy said it refinanced more than ₹1,700 crore across three projects during the current fiscal year at a weighted average interest rate of less than 8% per annum.

The weighted average cost of debt for the operational portfolio stood at 8.58% per annum.

The company also raised ₹1,800 crore of primary capital through its IPO in August 2026. Following the IPO, net worth increased to approximately ₹5,200 crore.

As of June 30, 2026, reported net worth was ₹3,463 crore, before the impact of the subsequent IPO proceeds.

Strong Off-Taker Profile

Juniper Green Energy has a diversified off-taker base, with a substantial portion of its portfolio backed by highly rated counterparties.

The company stated that 98% of its portfolio is with off-takers rated A or above, while 98% of the portfolio is secured through long-term PPAs, typically with a 25-year tenure.

The major central off-takers include SJVN, NHPC, NTPC and SECI, which together account for approximately 75% of the portfolio.

Other off-takers include GUVNL, MSEDCL and Tata Power, while approximately 2% of the portfolio is merchant capacity.

Land and Connectivity Provide Visibility for Future Growth

Juniper Green Energy has also built a sizeable infrastructure base to support future project development.

The company has more than 14,000 acres of land available for under-construction contracted and awarded projects.

It also has more than 200 locations available for wind turbine installation.

On the connectivity front, the company said it has connectivity available, including granted and applied connectivity, for its full portfolio and has more than 4,500 MW of surplus connectivity available for future bids.

Summary for Investors

Juniper Green Energy’s Q1 FY27 presentation points to strong growth across both financial performance and renewable energy capacity.

The key points for investors include:

Q1 FY27 total income increased 79% YoY to ₹324 crore.
EBITDA increased 86% YoY to ₹294 crore.
EBITDA margin improved to 91%.
PAT increased 54% YoY to ₹33 crore.
Renewable generation increased 72% YoY to 944 million units.
Operational capacity reached 2,575 MWp as of the presentation date.
Operational BESS capacity reached 503 MWh.
Total portfolio reached 11,216 MWp plus 8,989 MWh BESS.
84% of the portfolio comprises FDRE and WSH projects.
Approximately ₹1,183 crore in capex was incurred in Q1 FY27.
The company targets 4,500 MWh BESS by June 2027 and 10,000 MWh by March 2028.
The company secured new tenders/PPA opportunities totaling 920 MWp plus 2,200 MWh BESS after June 30, 2026.
₹1,800 crore was raised through the IPO in August 2026.

Overall, the Q1 FY27 presentation highlights Juniper Green Energy’s transition toward a larger and more diversified renewable energy platform, with FDRE, hybrid renewable projects and battery energy storage playing an increasingly important role in its growth strategy.

Disclaimer: This article is based solely on information disclosed in Juniper Green Energy Limited’s Q1 FY27 Earnings Presentation dated August 27, 2026. The information is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security.