This Solar stock deals in the business of developing, building, owning, managing, and maintaining renewable power facilities including solar and wind-solar hybrid power projects as an Independent Power Producer and as a service provider to Captive Power Producers, surged 4 percent after the company’s subsidiary received a 14.9MW order from multiple clients.
Share Price Movement
In Thursday’s trading session, KPI Green Energy‘s share price touched a day’s high of Rs. 415.00 which was up by 3.89 percent. The stock reiterated from the day’s high and was trading at Rs. 406.40 which is 1.74 percent higher than the previous closing price of Rs. 399.45 apiece.
In the past year, the stock has given around 18 percent negative returns, and compared to the Nifty Index, KPI Green Energy has underperformed.
What happened
KPI Green Energy stock is in focus after the Company’s subsidiary Sun Drops Energia Private Limited has awarded Letters of Award from Various Clients for the development of solar power projects with a total capacity of 14.90 MW under Captive Power Producer (CPP) business segment of the company.
The completion of the project is expected to be completed in FY26 through various tranches as per the order terms as per the company’s recent exchange filing.
Financials
In its latest filing for the quarter ending December 2024, the company reported a 38.78 percent rise in revenue, reaching Rs. 458 crore compared to Rs. 330 crore in Q3FY24. During the same period, net profit increased by 66.66 percent from Rs. 51 crore in Q3FY24 to Rs. 85 crore in Q3FY25.
Business Mix
The company earns 99.97 percent of its operational revenue under the Sale of Power & Solar Power Plant and the remaining 0.03 percent from Plot Sales for the December 2024 quarter.
Company Profile & Order Book
This Solar company specializes in solar and hybrid power solutions under the brand Solarism and operates as an Independent Power Producer (IPP) and Captive Power Producer (CPP) while offering services like power generation, land leasing, and maintenance. It aims to achieve 10+GW capacity by 2030. The order book as of January 15th, 2025 stood at 2.87+GW.
Written by – Santhosh S
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