KPI Green Energy shares hit upper circuit after Q3 profit soars 68% to ₹85 crore, dividend announced

The stock rose 5% to ₹452.25 per share, its upper circuit mark, on the National Stock Exchange (NSE). Its market capitalisation stood at ₹8,904.38 crore.

KPI Green Energy Q3 results and dividend announcement

KPI Green Energy reported a 68.28% increase in its consolidated net profit to ₹85.15 crore in the latest December quarter compared to ₹50.6 crore in the year-ago period.

Revenue from operations rose 38.8% to ₹458.35 crore in the three months ended December 2024, compared to ₹330.11 crore a year back.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed 32% to ₹137 crore in the reporting quarteras against ₹104 crore in the same period previous year. EBITDA margin was at 30% vs 31% in Q3 FY24.

It also announced a third interim dividend of ₹0.20 per equity share. The record date for interim dividend payment has been set as February 18, 2025.

"The dividend shall be paid within 30 days from the date of its declaration to the shareholders whose name appears in the register of Members as on the record date," the company said in an exchange filing.

During the quarter, KPI Green Energy signed a memorandum of understanding (MoU) with the Odisha government to establish renewable energy parks.

It also signed a MoU with the Rajasthan Government to develop hybrid, solar and wind power projects.

KPI Green Energy is a leading solar and hybrid power generation firm, developing both engineering, procurement, and construction (EPC) and independent power producer (IPP) based power project segments.