KPI Green Energy Q1 Results: Revenue Up 83.6 Percent, PAT Surges 98.5 Percent
KPI Green Energy Ltd's Q1 results show record performance with revenue rising 83.6 percent to INR 349.9 crore and PAT increasing 98.5 percent to INR 66.1 crore, reflecting strong growth and market position.
August 08, 2024. By EI News Network
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Gujarat based firm, KPI Green Energy Ltd. has announced a record-breaking performance for the first quarter of the current fiscal year. As per the firm, the company's total revenue surged by 83.6 percent to INR 349.9 crore, compared to INR 190.6 crore in the corresponding quarter of FY 23-24. This impressive growth reflects the company's strong operational and market position.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw a significant increase, rising by 87.8 percent to INR 132.4 crore from INR 70.5 crore in the previous year. Profit Before Tax (PBT) climbed substantially by 119.6 percent, reaching INR 90.7 crore, up from INR 41.3 crore in the same period last year. Profit After Tax (PAT) nearly doubled, increasing by 98.5 percent to INR 66.1 crore, compared to INR 33.3 crore in Q1 FY 23-24.
For standalone financials in Q1 FY 24-25, KPI Green Energy Ltd reported an even more remarkable performance. Total revenue soared by 182.0 percent to INR 311.9 crore, up from INR 110.6 crore in Q1 FY 23-24. EBITDA jumped by 150.5 percent to INR 108.0 crore, compared to INR 43.1 crore in the previous year. Profit Before Tax (PBT) saw a dramatic rise of 305.7 percent to INR 70.6 crore, compared to INR 17.4 crore in the same quarter last year. Profit After Tax (PAT) increased by 294.7 percent to INR 52.5 crore, up from INR 13.3 crore in the corresponding period of the previous fiscal. These outstanding results underscore KPI Green Energy Ltd’s strong growth trajectory and its exceptional performance within the renewable energy sector.
It may be noted that in its key highlights of Q3FY24 performance, the firm disclosed that it has achieved a major milestone in the quarter by raising INR 300 crore through a Qualified Institutional Placement (QIP). This successful fundraising involved issuing shares to Qualified Institutional Buyers (QIBs) ,marking a significant development in the company's journey.
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