KPI Green Energy’s Subsidiary Wins Solar Power Projects Worth 15.9 MW

KPI Green Energy announced on Monday, February 10, that its subsidiary, Sun Drops Energia Pvt Ltd, has received Letters of Award (LoA) to develop solar power projects with a cumulative capacity of 15.9 MW. These orders are part of the company’s captive power producer business segment.

The solar power projects are contracted from various companies including Mexo Fiber Pvt Ltd, Rayons Pvt Ltd, Maharaja Industries, Gautam Casting Industries Pvt Ltd, Gautam Technocast, Shrirajlaxmi Denim, and Kartik Dyeing. The projects are expected to be completed in the 2025-26 financial year, with specific timelines outlined in the orders.

KPI Green Energy’s Q3 FY25

The company reported strong financial results for the third quarter of FY25. KPI Green Energy’s net profit surged by 67%, reaching ₹85 crore, compared to ₹51 crore in the same period last year.

The company’s revenue rose by 39%, standing at ₹458.3 crore for the quarter, up from ₹330 crore in Q3FY24.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) grew by 32% year-on-year, reaching ₹137 crore, compared to ₹104 crore in Q3FY24.

Dividend Announcement

KPI Green Energy declared a third interim dividend for the financial year 2024-25. Shareholders will receive a 4% dividend, amounting to ₹0.20 per equity share of face value ₹5 each.

The record date for the payment of this interim dividend has been set for February 18, 2025, with the payment to be made within 30 days from the date of declaration.

Stock Performance

On February 10, 2025, KPI Green Energy share price traded 4.61% lower at ₹453.35 at 11:54 AM (IST). KPI Green Energy’s share price reached a 52-week high of ₹744.37 on August 12, 2024, and a 52-week low of ₹312.95 on January 29, 2025. As per BSE, the total traded volume for the stock stood at 3.02 lakh shares with a turnover of ₹14.01 crore.

At the current price, KPI Green Energy shares are trading at a price-to-earnings (P/E) ratio of 46.40x, based on its trailing 12-month earnings per share (EPS) of ₹9.77, and a price-to-book (P/B) ratio of 4.87, according to exchange data.

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