Green energy stock engaged in developing and maintaining solar and hybrid power plants surged by over 2 percent after receiving an order to construct a 7 MW solar power plant.
Price Variation
In Tuesday’s trading session, KPI Green Energy Limited’s share price climbed 2.27 percent to an intra-day high of Rs.900 per share, up from the opening price of Rs.880. Over the past year, the stock has yielded a return of over 300 percent.
Order Details
KPI Green Energy’s subsidiary, Sun Drops Energia Private Limited, received an order under the Captive Power Producer (‘CPP’) Segment to develop a 7 MW solar power plant from M/s Wolkem India Ltd. and M/s Mahadev Texo Fab.
The development is set to be completed in the financial year 2024-25, with work scheduled to proceed in various phases. The overall size of the order is 7 MW.
The development of the solar power plant is anticipated to boost KPI Green Energy’s financial performance by driving revenue growth, increasing profitability, and enhancing its market position.
Manufacturing Capacity
As of Q1 FY25, KPI Green Energy’s total installed capacity stands at over 473 MW, with more than 28 MW installed during this quarter. The company operates 38 sites in Gujarat and plans to expand into nearby states during FY25.
Business Segments
KPI Green Energy’s business segments include Independent Power Producer (IPP) and Captive Power Producer (CPP). IPP contributes 13 percent to the revenue share, while CPP accounts for 87 percent.
Order Book
As of Q1 FY25, the company’s total order book has reached 2.33 GW. Looking ahead, the company has set an ambitious goal to expand this significantly, targeting over 10 GW by 2030.
Financial Performance
Turning towards the financials of the company, KPI Green Energy Limited reported Q1 FY25 revenue of Rs.348 crore, up remarkably by 84.1 percent from Rs.189 crore in the same quarter last year. Profit After Tax (PAT) increased by 100 percent to Rs.66 crore, compared to Rs.33 crore in the same period.
Company Profile
KPI Green Energy is a company that develops and maintains solar power projects, sells the power generated from these projects, and provides operation and maintenance services (OMS). Additionally, KPI Green Energy sells land parcels to third parties for the development of solar power plants.
Written by – Siddesh S Raskar
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