Juniper Green Energy Limited has reported its highest-ever quarterly total income of ₹324 crore for the first quarter of FY27, marking a 79% year-on-year increase. The company also recorded its highest quarterly EBITDA of ₹294 crore, up 86% from the same period last year. EBITDA margin improved by 300 basis points to 91%, supported by higher operating capacity and improved operating leverage.
Operating income increased 81% year-on-year to ₹291 crore, while operating EBITDA rose 89% to ₹261 crore. Operating EBITDA margin stood at 90%, compared with 86% in Q1 FY26. Profit after tax grew 54% to ₹33 crore, while Cash PAT increased 50% to ₹108 crore.
Juniper Green Energy commissioned 601 MWp of renewable energy capacity during Q1 FY27, its highest-ever quarterly addition. The commissioning included 458 MWp of solar capacity and 143 MW of wind capacity. Operational renewable capacity stood at 2,409 MWp at the end of June and increased to 2,575 MWp following the commissioning of another 167 MW of wind capacity after the quarter.
The company also commissioned around 400 MWh of battery energy storage systems during the quarter, taking its operational BESS capacity to 503 MWh. Additional BESS capacity of around 4,000 MWh has been ordered. Generation increased 72% year-on-year to 944 million units, while the portfolio capacity utilisation factor improved to 30.2% from 28.2% in Q1 FY26. Wind projects recorded a weighted average CUF of 49.9%, while solar projects achieved 27.9%.
Following the quarter, Juniper signed a 25-year power purchase agreement with SJVN Limited for a 50 MW Firm and Dispatchable Renewable Energy project at ₹4.25 per kWh. The company also secured a Letter of Award from SECI for a 230 MW contracted FDRE project involving 870 MWp of renewable capacity and 2,200 MWh of BESS at ₹5.26 per kWh. In addition, it won a 50 MW GUVNL wind project at ₹3.51 per kWh.
Juniper’s total portfolio has reached 11,216 MWp, supported by 8,989 MWh of BESS capacity. About 98% of the portfolio is tied to offtakers rated A or higher, while 98% is secured through long-term PPAs, generally extending to 25 years. The company incurred ₹1,183 crore of capital expenditure during Q1 FY27, taking cumulative capex to ₹16,303 crore as of June 30. Net debt stood at ₹11,217 crore. During the fiscal year, Juniper refinanced more than ₹1,700 crore across three projects at a weighted average interest rate below 8%. Juniper also raised ₹1,800 crore in primary capital through its IPO in August 2026, increasing its post-IPO net worth to approximately ₹5,200 crore.
Juniper Green Energy develops and operates utility-scale solar, wind, hybrid and FDRE projects across India. The company currently has about 2.57 GWp of operational renewable capacity and around 500 MWh of operational BESS, with a broader portfolio of approximately 11 GWp and 9 GWh of BESS.
