KPI Green Energy Limited, a key player in India’s renewable energy sector, has reported impressive financial results for the second quarter of FY2024-25 (Q2 FY25), showcasing robust growth in both revenue and net profit. This performance has driven a nearly 2% surge in the company’s share price, reflecting positive investor sentiment.
Robust Growth in Revenue
For the quarter ending September 2024, KPI Green Energy’s revenue from operations surged to ₹35,967.70 lakhs, marking a substantial year-on-year (YoY) increase of 67.21% from ₹21,506.71 lakhs in the same quarter last year. On a quarter-on-quarter (QoQ) basis, the revenue rose by 3.35%, up from ₹34,801.20 lakhs in Q1 FY25. This consistent revenue growth highlights the company’s strong business momentum and successful execution of renewable energy projects.
Net Profit Nearly Doubles YoY
KPI Green Energy’s net profit for Q2 FY25 rose to ₹6,983.45 lakhs, representing a remarkable YoY growth of 100.98% compared to ₹3,474.50 lakhs in Q2 FY24. This significant rise underscores the company’s enhanced operational efficiency and sound financial management. Additionally, net profit saw a 5.64% QoQ increase from ₹6,611.07 lakhs in Q1 FY25, underlining sustained profitability.
Key Financial 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 YoY growth of 100.98% from ₹3,474.50 lakhs in Q2 FY24 and a 5.64% QoQ increase from ₹6,611.07 lakhs in Q1 FY25.
The company’s latest results underscore its strong positioning in the renewable energy sector and its commitment to expanding its portfolio and revenue base. This growth is in line with India’s increasing demand for green energy solutions, supporting the nation’s shift towards sustainability. With this robust performance, KPI Green Energy is well on track to achieve its growth targets for the fiscal year.
As of 1:17 pm, KPI Green Energy shares were trading 1.67% higher at ₹859.15 on the NSE, reflecting strong investor confidence in the company’s growth trajectory.
