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KP Group’s Profit Doubles to INR 514 Cr in FY25, Revenue up by 82.7 Percent

Gujarat-based KP Group, a renewable energy conglomerate, reported an 82.7 percent jump in consolidated revenue to INR 3,415 crore in FY 2024-25, driven by strong growth across its three listed entities – KPI Green Energy, KP Energy and KP Green Engineering, and robust demand for clean energy solutions. PAT doubled to INR 514 crore.

May 16, 2025. By Mrinmoy Dey

Gujarat-based renewable energy conglomerate KP Group recorded a consolidated revenue of INR 3,415 crore in the financial year 2024-25, marking an increase of 82.7 percent from INR 1,868 crore in FY 2023-24.

The group comprises three listed entities - KPI Green Energy Ltd., KP Energy Ltd., and KP Green Engineering Ltd. The combined Profit After Tax (PAT) of the three companies surged by 101.6 percent, from INR 255 crore to INR 514 crore, reflecting robust project execution, operational efficiency, and rising demand for renewable infrastructure.

Commenting on the strong financial performance, Dr. Faruk G Patel, Chairman and Managing Director of KP Group, said, “Financial year 2024-25 has been a landmark year for KP Group. The exceptional growth across all our companies validates our long-term vision, operational excellence, and commitment to India’s renewable energy goals. With strategic partnerships, cutting-edge capabilities, and a rapidly growing project pipeline, we are well on track to achieve our ambitious target of 10 GW capacity by 2030 and strengthen our position as a key player in India’s clean energy future.”

The combined market cap of the three companies stood at INR 13,935 crore. KPI Green Energy is the most valued group company with a market cap of INR 8,600 crore, followed by KP Energy with INR 2,921 crore, and KP Green Engineering with INR 2,414 crore.

KPI Green Energy, the solar power arm of KP Group, reported a 70 percent increase in revenue to INR 1,755 crore from INR 1031 crore in the previous year, and a 101 percent jump in PAT from INR 162 crore to INR 325 crore. The company has over 950 MW of installed capacity and more than 2.95 GW of orders in hand. KPI Green Energy has signed MoUs with the governments of Odisha, Rajasthan, and Madhya Pradesh for large-scale renewable energy projects.

KP Energy, a balance of plant (BoP) solution provider in the renewable energy space, reported INR 958 crore in revenue, up 97 percent from INR 486 crore in the previous year. PAT nearly doubled from INR 58 crore to INR 115 crore. The company manages a 3.26+ GW renewable portfolio and a 546+ MW O&M portfolio. It is also actively exploring offshore wind initiatives in Gujarat and Tamil Nadu. It is the first in India to tap the wind potential of South Gujarat, claimed the company in a statement.

KP Green Engineering, which offers integrated solutions for sustainable renewable energy infrastructure and heavy engineering, achieved revenue of INR 702 crore, up 99 percent from INR 352 crore in the previous year. PAT rose 111 percent from INR 35 crore to INR 74 crore, reflecting its growing strength in green infrastructure manufacturing and execution.

Looking ahead, KP Group plans to continue its aggressive expansion in solar, wind, hybrid, and offshore renewable energy projects. “With over 1.8 GW of capacity already installed and another 3.8 GW of orders in hand, KP Group is well-positioned to maintain revenue visibility and profitability. The Group remains committed to building sustainable energy ecosystems, contributing meaningfully to the nation’s green energy transition, and creating sustainable value for all stakeholders,” it said.

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KP Group FY25 Results

Faruk G Patel

KP group RE projects

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