KPI Green Energy's Profit Surges 68% Amid Revenue Boom
KPI Green Energy reported a 68% increase in net profit, reaching Rs 111.32 crore for the June quarter, driven by higher revenues and disciplined financial strategies. Total revenues rose by 75% to Rs 614.12 crore, showcasing strong growth in solar and hybrid projects. The board announced an interim dividend and plans to raise Rs 700 crore through Green Bonds.
- Country:
- India
KPI Green Energy has announced a staggering 68% rise in its net profit for the June quarter, totaling Rs 111.32 crore. The surge in profit is attributed to increased revenues and a focus on financial discipline, according to the company's statement.
The firm's total revenue saw a significant 75% increase to Rs 614.12 crore, highlighting robust expansion in project execution and an emphasis on solar and hybrid segment orders. Alongside the quarter's financial success, the board declared its first interim dividend of 4% for the financial year 2025-26, amounting to Re. 0.20 per equity share.
Furthermore, the company plans to capitalize on market conditions by raising Rs 700 crore through the issuance of non-convertible Green Bonds. This strategic move underscores the firm's commitment to sustainable growth and further financial ventures.
(With inputs from agencies.)
Google News