KPI Green Energy Shares Hit Nearly Two-Month High As Q4 Profit More Than Doubles
The shares of KPI Green Energy rose as much as 7.77% to Rs 447.15 apiece, the highest level since March 24.
The shares of KPI Green Energy Ltd. rose on Wednesday to hit nearly two-month high after its fourth-quarter profit more than doubled.
The company recorded a consolidated net profit of Rs 99.14 crore for the quarter ended March, compared to Rs 43.04 crore in the same quarter of the previous fiscal year, according to its stock exchange notification. The company has posted the highest-ever quarterly turnover for the fourth consecutive quarter, it added.
This surge is primarily driven by reduced finance costs following strategic loan repayments using funds raised via Qualified Institutional Placement in the second quarter of fiscal 2025.
Revenue increased by 96.8% year-on-year for the three months ended March, reaching Rs 569.41 crore. The surge in revenue was on the back of higher project execution, enhanced capacity utilisation, and favorable industry dynamics.
Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 73% year-on-year to Rs 161.11 crore. The Ebitda margin contracted by 380 points to 28.3%. The rise in Ebitda was driven by improved operating leverage and strategic cost efficiencies.
This financial year KPI Green Energy has secured a significant contract to develop a 300 MWAC ground-mounted solar PV project for Coal India Ltd., along with a 100 MWAC project for MAHAGENCO.
KPI Green Energy Share Price Advance
The shares of KPI Green Energy rose as much as 7.77% to Rs 447.15 apiece, the highest level since March 24. It pared gains to trade 4.36% higher at Rs 433 apiece, as of 10:59 a.m. This compares to a 0.43% advance in the NSE Nifty 50 Index.
It has fallen 30.27% in the last 12 months and 19.60% year-to-date. Total traded volume so far in the day stood at 12 times its 30-day average. The relative strength index was at 74.46 indicating it was overbought.
