On Monday the share price of the KPI green energy rose 1.3 percent and hit its 52-week high of Rs 1,487.70 from its previous close of Rs 1,467.85 after the company announced the issue of bonus shares.
KPI Green Energy Limited is expected to issue bonus equity shares in the proportion of 1:2, that is one bonus share for every two existing equity shares. The record date is yet to be determined via postal ballot, as stated in their filing.
According to KPI Green Energy Limited’s financials, net revenue climbed from Rs 160 crore in Q2FY23 to Rs 215 crore in Q2FY24, a 34 percent annual increase. Also, the company’s net profit increased by 66 percent year on year, from Rs 21 crore in Q2FY23 to Rs 35 crore in Q2FY24.
KPI Green Energy Ltd is a multi-bagger stock, with a share price increase of 64 percent in the last six months and 217 percent in the previous year. For example, if an investor put in Rs 1 lakh a year ago, the current value is Rs 3.17 lakhs.
KPI Green Energy Limited is a solar power generation company based in India. The Company’s primary goal is to provide solar energy through various business verticals.
KP Energy Limited
After the company announced the issuance of bonus shares, the share price hit its upper circuit of 5% and a 52-week high of Rs 708.40 from its previous close of Rs 674.70 on Monday.
KP Energy Limited is expected to issue bonus equity shares in the proportion of 2:1, that is two bonus shares for every one existing equity shares. The record date is yet to be determined via postal ballot, as stated in their filing.
The financial statements of KP Energy Limited show that net revenue increased by 25 percent annually, from Rs 55.34 crore in Q2FY23 to Rs 69.38 crore in Q2FY24. In Q2FY24, the company’s net profit climbed to Rs 35 crore from Rs 6.51 crore in Q2FY23, a year-over-year increase of 26 percent.
KP Energy Ltd is also a multi-bagger stock, with a share price increase of 81 percent in the last six months and 276 percent in the previous year. For example, if an investor put in Rs 1 lakh a year ago, the current value is Rs 3.76 lakhs.
KP Energy Limited is a Wind Energy industry balance of plant (BoP) solution provider. The company is involved in the entire wind farm development process, from conceptualization to project commissioning.
Written by Sriram KV
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