KPI Green Energy Limited, a prominent player in India’s renewable energy sector, has reported impressive financial results for the second quarter of the financial year 2024-25 (Q2 FY25). The company showcased substantial growth in both revenue and net profit, driven by higher operational performance and expanding market presence.
Robust Growth in Revenue
For the quarter ended September 2024, KPI Green Energy’s revenue from operations stood at ₹35,967.70 lakhs, reflecting a strong year-on-year (YoY) growth of 67.21% from ₹21,506.71 lakhs in the corresponding quarter of the previous fiscal year. On a quarter-on-quarter (QoQ) basis, revenue increased by 3.35% compared to ₹34,801.20 lakhs in Q1 FY25. This consistent rise in revenue highlights the company’s solid business momentum and growth in renewable energy project execution.
Net Profit Almost Doubles Year-on-Year
KPI Green Energy’s net profit for Q2 FY25 reached ₹6,983.45 lakhs, marking a remarkable YoY growth of 100.98% from ₹3,474.50 lakhs in Q2 FY24. This significant increase underlines the company’s improved operational efficiency and strong financial management. Additionally, the net profit recorded a 5.64% QoQ growth from ₹6,611.07 lakhs in Q1 FY25, showcasing sustained profitability.
Key Highlights
- Revenue from Operations: ₹35,967.70 lakhs in Q2 FY25, up 67.21% YoY from ₹21,506.71 lakhs in Q2 FY24 and a 3.35% QoQ increase from ₹34,801.20 lakhs in Q1 FY25.
- Net Profit: ₹6,983.45 lakhs in Q2 FY25, a growth of 100.98% YoY from ₹3,474.50 lakhs in Q2 FY24 and up 5.64% QoQ from ₹6,611.07 lakhs in Q1 FY25.
The latest results indicate KPI Green Energy’s strong positioning in the renewable energy sector and its ongoing commitment to expanding its portfolio and revenue base. The company’s sustained growth reflects the increasing demand for green energy solutions in India, aligning with the country’s push towards a more sustainable and eco-friendly future. With these robust quarterly results, KPI Green Energy remains on track to meet its growth targets for the fiscal year.
