Independent renewable energy producer Juniper Green Energy reported a revenue from operations of ₹3.45 billion (~$36.35 million) in the second quarter (Q2) of the financial year (FY) 2027, a 136.2% year-over-year (YoY) increase from ₹1.46 billion (~$15.38 million).

The company’s total income increased 132% YoY to ₹3.72 billion (~$39.19 million) from ₹1.60 billion (~$16.85 million).

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 161.6% YoY to ₹3.40 billion (~$35.82 million) from ₹1.30 billion (~$13.69 million). The EBITDA margin improved to 91.36% from 81.02%.

The company reported a profit after tax (PAT) of ₹305.87 million (~$3.22 million), compared to a loss of ₹184.04 million (~$1.94 million) in Q2 FY 2026.

Adjusted PAT, excluding one-time refinancing and initial public offering (IPO) expenses of ₹229.7 million (~$2.42 million), stood at ₹535.6 million (~$5.64 million), compared to a reported loss of ₹184.04 million (~$1.94 million) in the corresponding quarter last year.

First Half

For the first half (1H) of FY 2027, Juniper Green Energy reported a revenue from operations of ₹6.36 billion (~$67 million), a 107.4% YoY increase from ₹3.07 billion (~$32.34 million).

Total income increased 103.8% YoY to ₹6.96 billion (~$73.32 million) from ₹3.41 billion (~$35.92 million).

EBITDA rose 119.9% YoY to ₹6.34 billion (~$66.79 million) from ₹2.88 billion (~$30.34 million). The EBITDA margin improved to 91.12% from 84.46% in the corresponding period last year.

The company’s reported PAT increased to ₹640.39 million (~$6.75 million) from ₹32.83 million (~$0.35 million).

Adjusted PAT, excluding one-time refinancing and IPO expenses of ₹422.6 million (~$4.45 million), stood at ₹1.06 billion (~$11.17 million), compared to reported PAT of ₹32.83 million (~$0.35 million) in 1H FY 2026.

Operational Highlights

Juniper Green Energy’s operational renewable energy capacity stood at 2.844 GWp, comprising 2.151 GWp solar and 693 MW of wind capacity. The company also had 604 MWh of operational battery energy storage system (BESS) capacity.

During 1H FY 2027, the company commissioned 917 MWp of renewable energy capacity, comprising 494 MWp of solar and 423 MW of wind, along with approximately 503 MWh of BESS capacity.

It commissioned another 119 MW of wind capacity after September 30, 2026, taking renewable energy capacity additions to 1.036 GWp in the first seven months of FY 2027.

During Q2, the company commissioned 316 MWp of renewable energy capacity and approximately 100 MWh of BESS.

Renewable energy generation increased 127% YoY to 1,130 million units in Q2 FY 2027.

For 1H FY 2027, generation rose 98% YoY to 2,075 million units from 1,046 million units in the corresponding period last year.

The company’s consolidated capacity utilization factor (CUF) increased to 28.5% in 1H FY 2027 from 24.1% in the corresponding period last year, while wind CUF improved to 50% from 41.3%.

Project availability stood at 98.7%, compared to 99.1% in 1H FY 2026. Grid availability improved marginally to 99.5% from 99.4%.

Juniper Green Energy commissioned 51 wind turbines with a capacity of 5 MW each and a rotor diameter of 181 meters during FY 2027 up to the presentation date.

The company’s total renewable energy portfolio stood at 11,218 MWp, comprising 2.844 GWp of operational capacity, 3.294 GWp of under-construction projects with signed power purchase agreements, and 5.079 GWp of awarded projects.

Its BESS portfolio totaled 8.989 GWh, including 604 MWh operational, 3.485 GWh under construction with signed agreements, and 4.9 GWh associated with awarded projects.

The company is targeting BESS installations of approximately 4.5 GWh by June 2027 and 10 GWh by March 2028.

Juniper Green Energy posted an operating revenue of ₹2.91 billion in the previous quarter, up 81% YoY from ₹1.61 billion (~$169 million).