The shares of the renewable energy solution hit 5 percent upper circuit of Rs 1,767.50 apiece after the company received a new work order of 26.15 MW for executing a solar power project.
KPI Green Energy Ltd has a market capitalization of Rs 10,632.04 crore, the shares were trading in positive at Rs 1,767 per share, increasing around 5 percent as compared to the previous closing price of Rs 1,683.35 apiece.
According to the company filing, KPI Green Energy Ltd has received a new work order of 26.15 MW for executing a solar power project which is received by Sun Drops Energia Pvt Ltd, a wholly-owned subsidiary of the company under the Captive Power Producer segment, and the project are need to completed in the financial year 2024-25, in various tranches.
Examining the company’s financial position, revenue climbed significantly by 59 percent from Rs 182 crore in Q4FY24 to Rs 289 in Q4FY24, but during the same time frame, net profit increased by 34.37 percent from Rs 32 crore to Rs 43 crore.
As of June 2024, the company has an impressive order book of 1.23 GW, together with the existing site, KPI Green has secured a cumulative capacity of 1.68 GW which includes the cumulative hybrid capacity of 334 MW.
The stock has given a multi-bagger return of 128 percent in just six months and 400 percent return in a year. If an individual invested Rs 1 lakh a year ago, it would be worth now Rs 3.44 lakh.
KPI Green Energy Limited is an Indian solar power-producing firm. The company focuses on supplying solar electricity through several business sectors. The company designs, builds, owns, runs, and maintains solar power facilities as an Independent Power Producer (IPP) and Captive Power Producer (CPP), both under the Solarism brand.
Written by:- Abhishek Singh
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