Green Energy stock engaged in building, developing, owning, operating, and maintaining solar and hybrid power plants hit a 5% upper circuit in the day’s trade upon declaring its Q1FY25 results with a 99 percent jump in Net Profits
Price Action
With a market capitalization of Rs. 12,217 Crores, the shares of KPI Green Energy Limited hit a 5 percent upper circuit at Rs. 1,013.35 per equity share, from its previous day’s close price of Rs. 965.10.
Q1FY25 Results
Its Revenue from operations grew by 84 percent YoY from Rs. 189.35 Crores in Q1FY24 to Rs. 348.01 Crores in Q1FY25 and it grew by 20 percent QoQ from Rs. 289.35 Crores in Q4FY24 to Rs. 348.01 Crores in Q1FY25.
Its Net Profit grew by 99 percent YoY from Rs. 33.26 Crores in Q1FY24 to Rs. 66.11 Crores in Q1FY25 and grew by 54 percent QoQ from Rs. 43.04 Crores in Q4FY24 to Rs. 66.11 Crores in Q1FY25. Its Net Profit Margin increased from 17.45 percent in Q1FY24 to 18.89 percent in Q1FY25.
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Dividend
In Addition, the Board of Directors of KPI Green Energy Limited has considered, approved, and declared to issue an Interim Dividend at Rs. 0.20 per equity share i.e., 4 percent of the equity share face value of Rs. 5, as on the record date.
About the Company
KPI Green Energy is a renewable energy company that builds, develops, owns, operates, and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producer (CPP) under the brand name ‘Solarism’.
KPI Green Energy has 2.33+ GW of work orders in Hand, with 1849+MW of Cumulative Power evacuation capacity, it has 2686+ Acres of Land Bank and it has an ambitious target of achieving 10+GW Renewable capacity by 2030.
Written by: Bharath K.S
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