KPI Green Energy’s Subsidiary Secures Orders for 15.9 MW Solar Power Projects
KPI Green Energy’s subsidiary has received new contracts to develop solar power projects with a combined capacity of 15.9 MW. According to the company, these projects will be executed in multiple phases and are expected to be completed during the 2025-26 financial year.
Solar power project orders fall under the company’s captive power producer segment and have been secured from multiple clients, including Mexo Fiber Pvt Ltd, Rayons Pvt Ltd, Maharaja Industries, Gautam Casting Industries Pvt Ltd, Gautam Technocast, Shrirajlaxmi Denim, and Kartik Dyeing.
The company released its latest financial results over the weekend, reporting a 67% increase in net profit, reaching ₹85 crore. Revenue also saw a substantial rise of 39%, climbing to ₹458.3 crore from ₹330 crore in the same period last year.
KPI Green Energy’s EBITDA grew by 32% year-on-year to ₹137 crore, compared to ₹104 crore in the corresponding period of the previous year. However, the EBITDA margin saw a slight contraction to 30%, down from last year’s 31%.
Additionally, the company announced its third interim dividend for the fiscal year 2024-25 at 4%, equivalent to ₹0.20 per equity share with a face value of ₹5 each. The record date for determining eligible shareholders has been set as February 18, 2025. The dividend is scheduled to be distributed within 30 days of its declaration to shareholders listed in the Register of Members as of the record date.
On Monday, February 5, at 11:30 AM, KPI Green Energy’s stock was trading 4% lower at ₹455.50 per share. The stock has witnessed a decline of 38.48% over the past six months.