GKENERGY

Current Performance - H1 FY27 Revenue rose 38.9% YoY to ₹907.8 Cr, EBITDA rose 21.6% to ₹160.5 Cr (17.7% margin), and PAT grew 30.7% to ₹109 Cr. - Q2 FY27 Revenue grew 12.3% YoY to ₹402.7 Cr, with EBITDA at ₹74.4 Cr (18.5% margin) and PAT at ₹49.4 Cr. - Trade receivables stood at ₹1,012.38 Cr (204 days) as of September 30, 2026; post-quarter collections of ₹377.5 Cr in October reduced debtor days to ~128 days. Management Guidance & Outlook - Guided for 35%–40% top-line growth in FY27 even in the absence of PM KUSUM, with potential to reach ₹3,000 Cr if PM KUSUM rolls out in Q3/Q4. - Expects to sustain 17%–18% EBITDA margin and deliver double-digit PAT margins. - Set a long-term target for 2030 to reach 1 million installed systems and achieve a USD 1 billion business. Growth Drivers & Order Book - Order book stands at ₹788 Cr (excluding BESS order), with cumulative FY27 order intake at ₹1,422.29 Cr. - Won an institutional order to install 100,000 rooftop solar systems, alongside rapid scale-up in retail B2C rooftop solar. - Received an additional order for 14,000 off-grid DC solar water pumping systems in Maharashtra in October 2026. - Entered Battery Energy Storage Systems (BESS) with an initial 150 MW / 300 MWh utility-scale project with a 15-year fixed revenue structure, targeting expansion to 2 GW in the medium term. Capex & Supply Chain - Operates an asset-light controlled manufacturing partner ecosystem across 8 states, avoiding heavy manufacturing capex. - Secured confirmative agreements for 875 MW with module/cell suppliers to mitigate DCR cell shortage risks. - BESS capex is broadly estimated at ₹0.90–₹1.00 Cr per MWh.

- GK Energy Limited issued a notice of Postal Ballot dated October 29, 2026, seeking shareholders' approval via remote e-voting. - The company proposes to reallocate the unutilised balance of IPO proceeds amounting to ₹19.10 million (out of ₹310.57 million) originally allocated for Issue-Related Expenses towards General Corporate Purposes. - Remote e-voting commences on November 3, 2026 (9:00 a.m. IST) and concludes on December 2, 2026 (5:00 p.m. IST). - Cut-off date for voting eligibility is Friday, October 30, 2026. - Mr. Shashank More, Partner of SBMRS and Co. LLP, has been appointed as the Scrutinizer.

Q2 FY27 Consolidated Revenue ₹728.83 Cr vs ₹505.19 Cr (▲44% YoY) EBITDA ₹130.21 Cr vs ₹82.66 Cr (▲58% YoY) PAT ₹84.23 Cr vs ₹59.65 Cr (▲41% YoY) EBITDA Margin 17.9% vs 16.4% (▲150bps) - Corrigendum issued to rectify a suo moto identified arithmetical/rounding-off error in segment revenue of the consolidated financial results for Q2 FY27.

Audio Recording of Earnings Call - Earnings Conference Call held on October 29, 2026. - Discussed Un-audited Standalone and Consolidated Financial Results for Q2 and H1 ended September 30, 2026. - Audio recording has been made available on the company's website.

- GK Energy Limited has approved the proposed incorporation of five wholly owned subsidiaries. - The new entities will be named GK Energy BESS Private Limited, GK Energy BESS One Private Limited, GK Energy BESS Two Private Limited, GK Energy BESS Three Private Limited, and GK Energy BESS Four Private Limited. - The subsidiaries will operate in the energy sector and subscribe to initial share capital at face value.

- Q2 FY27 Revenue at ₹4,026.54 Mn (▲12.3% YoY); PAT at ₹493.64 Mn (▲6.3% YoY). - Order book stands at ₹7,880 Mn, including first 150 MW/300 MWh BESS order. - Management targets reaching 1 million installed systems and building a $1 billion business by 2030.

- Q2 FY27 Revenue from Operations grew 12.3% YoY to ₹4,026.54 Mn. - Q2 FY27 PAT grew 6.3% YoY to ₹493.64 Mn; EBITDA stood at ₹744.15 Mn (margin 18.5%). - Order book stood at ₹7,880 Mn, aided by a 100,000 rooftop solar systems order. - Company aims to reach $1 Billion revenue by 2030.

Q2 FY27 Consolidated Revenue ₹408.65 Cr vs ₹404.05 Cr (▲1.1% YoY) EBITDA ₹72.49 Cr vs ₹72.80 Cr (▼0.4% YoY) PAT ₹49.37 Cr vs ₹46.91 Cr (▲5.2% YoY) EBITDA Margin 17.74% vs 18.02% (▼28bps)

Concall Schedule Concall Date: Thursday, October 29, 2026 Concall Time: 03.30 P.M. IST

Order Win: GK Energy Limited won order from Maharashtra State Electricity Distribution Company Limited Order Value: ₹330.29 Cr. Completion Timeline: 60 days

- Trading window closed from October 01, 2026, until 48 hours after declaration of Q2/H1 FY27 financial results. - Applies to Directors, KMPs, Designated Persons, Promoters, and their immediate relatives. - Board meeting date to consider results will be intimated in due course.

Concall Schedule Concall Date: Wednesday, September 30, 2026 Concall Time: Virtual (One-on-one & Group Meetings)

- Order Win: GK Energy Limited won order from Maharashtra State Electricity Distribution Company Limited for setting up 150 MW / 300 MWh Battery Energy Storage Systems (BESS) in Maharashtra. - Order Value: Expected yearly revenue of ₹42.84 Crore for 15 years (Total potential revenue ₹642.6 Crore). - Contract Duration: 15 years from commencement of commercial operations.

- Order Win: GK Energy Limited won an order from Maharashtra State Electricity Distribution Company Limited. - Project Details: Setting up 150 MW / 300 MWh Battery Energy Storage Systems (BESS) in Maharashtra. - Potential Revenue: Yearly revenue of ₹42.84 Crores (excluding GST) for a period of 15 years from the commencement of commercial operations (totaling approximately ₹642.6 Crores over 15 years). - Completion Timeline: Project to be commissioned within 18 months.

- Investor Meeting Schedule - Meeting Date: September 8, 2026 - Event: Avendus Spark Small-Cap Investor Conference

- Order Win: GK Energy Limited received an empanelment for Rooftop Solar Installation from a leading State Government-owned power distribution utility. - Order Value: Approximately ₹454.50 Crore (including GST) for 100 MW capacity across 1 lakh households. - Completion Timeline: Projects to be completed within 60 days from the issuance of respective work orders, including 5 years of O&M.

- Order Win: GK Energy Limited won a Letter of Empanelment from a State Government-owned power distribution utility. - Order Value: ₹454.50 Cr (inclusive of GST) for 100 MW of Grid Connected Rooftop Solar projects. - Completion Timeline: Installation within 60 days from work order issuance, followed by 5 years of O&M.

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- Q1 FY27 Standalone Revenue ₹505Cr vs ₹295Cr (▲71.1% YoY) - EBITDA ₹86.1Cr (▲47.7% YoY) with an EBITDA Margin of 17.05% - PAT ₹59.7Cr vs ₹36.9Cr (▲61.6% YoY) - Order book stood at ₹541 crores as of June 2026. - Management reaffirmed its guidance of doubling revenue for FY27. - Expects PAT to remain in two-digits and EBITDA margins to be maintained in line with Q1 FY27. - PM-KUSUM 2.0 scheme tenders are expected by Q3 FY27, with work starting by end of Q3 FY27. - Long-term vision to achieve $1 billion revenue by 2030 through a diverse product mix and continued asset-light strategy. - Interest expense reduced significantly from ₹11 crore in Q4 FY26 to ₹5 crore in Q1 FY27, expected to remain in this range.

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- The Board of Directors of GK ENERGY LIMITED approved the re-constitution of the Stakeholders Relationship Committee, Nomination and Remuneration Committee, Risk Management Committee, and Corporate Social Responsibility Committee. The approval was made at a meeting held on August 07, 2026, with effect from the same date.

- The Board of Directors approved the appointment of CS Avanti Rajwade as the Secretarial Auditor of the Company. - The appointment is for a term of five consecutive years, commencing from FY 2026-27 to FY 2030-31. - The appointment is subject to approval by the members at the ensuing Annual General Meeting (AGM).

- Standalone Revenue ₹505.19Cr vs ₹295.27Cr (▲71.10% YoY) - EBITDA ₹86.11Cr vs ₹58.30Cr (▲47.72% YoY) - PAT ₹59.67Cr vs ₹36.94Cr (▲61.55% YoY) - EBITDA Margin 17.05% vs 19.74% (▼269bps)

- Standalone Revenue ₹5,052 Mn vs ₹2,953 Mn (▲71.1% YoY) - Standalone EBITDA ₹861 Mn vs ₹583 Mn (▲47.7% YoY) - Standalone PAT ₹597 Mn vs ₹369 Mn (▲61.8% YoY) - Standalone EBITDA Margin 17.1% vs 19.7% (▼260bps) - Total Order Book of ₹5,410 Mn as on June 30, 2026.

- Consolidated Revenue ₹505.19 Cr vs ₹324.79 Cr (▲55.54% YoY) - EBITDA ₹82.66 Cr vs ₹57.41 Cr (▲43.99% YoY) - PAT ₹59.65 Cr vs ₹37.31 Cr (▲59.86% YoY) - EBITDA Margin 16.36% vs 17.67% (▼131bps) - Board recommended a Final Dividend of ₹0.50/- per equity share (25%) for FY 2025-26.

- Concall Schedule for Q1 FY2027 Financial Results - Concall Date: August 07, 2026 - Concall Time: 4:00 P.M. IST

- Order Win: GK Energy Limited secured an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL). - Order Value: ₹235.92 Crore (inclusive of GST). - Scope: To deploy 10,000 Off-Grid DC Solar-powered Water Pumping Systems across Maharashtra. - Completion Timeline: Within 60 days from the issuance of the Work Order/Notice to Proceed (NTP).

- Order Win: GK Energy Limited won order from Maharashtra State Electricity Distribution Company Limited for 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) - Order Value: ₹235.92 Cr. - Completition Timeline: Within 60 days from Work Order/NTP issuance

- Order Win: GK Energy Limited won an order for 10 MW Rooftop Solar Projects from a Distribution Company - Order Value: ₹48.02 Crores (inclusive of GST) - Completion Timeline: 90 days

- Trading Window for dealing in securities of GK Energy Limited will remain closed from July 01, 2026, until 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. - The closure is pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. - The date of the Board Meeting to consider the results will be intimated separately.

- Concall Schedule - Concall Date: June 24, 2026 - Concall Time: 09:00 A.M. - 06:00 P.M. - Event: GK ENERGY LIMITED management will attend the GIA Flagship Conference - 2026 for a physical group meeting with investors/analysts in Mumbai.

GK Energy Limited reported strong FY26 consolidated results with revenue of ₹1,715 crores, EBITDA of ₹318 crores, and PAT of ₹204.3 crores. The company transitioned from a net debt position of ₹155 crores in FY25 to a net surplus cash of ₹240 crores in FY26. For FY27, management guided for a doubling of business, targeting over ₹3,000 crores in revenue, driven by 120,000-140,000 pump installations and significant rooftop solar expansion. EBITDA margins are expected to remain in double digits (around 20% currently). Growth will be fueled by PM-KUSUM 2.0, Magel Tyala, and Smart Schemes, supported by an asset-light model and secured long-term raw material contracts.

GK ENERGY LIMITED announced the availability of the audio recording link for the Earnings Conference Call held on May 13, 2026. The call discussed the Audited Financial Results for the quarter and financial year ended March 31, 2026, and the recording is accessible on the company's website.

GK Energy reported strong financial performance for FY2025-26. Revenue from operations was ₹1,532.54 crore vs ₹1,094.67 crore (▲40% YoY). Profit After Tax (PAT) was ₹201.27 crore vs ₹133.20 crore (▲51.1% YoY). EBITDA stood at ₹313.18 crore, with EBITDA margins improving to 20.44%. The company also strengthened its balance sheet, moving from a net debt position to a surplus cash position of ₹240.61 crore.

The Board of Directors of GK Energy Limited approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The statutory auditors provided an unmodified opinion on these results. The Board also re-appointed M/s. Brijesh S. Chandak & Co. as the Internal Auditor for the financial year 2026-27 (April 1, 2026, to March 31, 2027). The specific financial figures were not provided in the submitted document.

Standalone Revenue ₹418.57 Cr vs ₹352.52 Cr (▲18.74% YoY), EBITDA ₹83.44 Cr vs ₹66.34 Cr (▲25.79% YoY), PAT ₹59.05 Cr vs ₹44.85 Cr (▲31.67% YoY). EBITDA Margin 19.93% vs 18.82% (▲111bps).

GK Energy Limited announced the schedule for its Earnings Conference Call on Wednesday, May 13, 2026, at 04:30 P.M. IST. The call will discuss the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.

GK Energy Limited announced the results of its postal ballot for the appointment of Mr. Subhash Vasant Ghaisas (DIN: 11479724) as a Non-Executive Independent Director. The Special Resolution was passed by members with requisite majority through remote e-voting. A total of 177,082,274 votes were polled, with 177,082,037 votes (99.9999%) cast in favour and 237 votes (0.0001%) against the resolution. The results were declared on May 09, 2026.