KPI Green Energy Reports INR 69.8 Crore PAT, 101 Percent Growth in Q2 FY 2024-25
KPI Green Energy achieved INR 361.4 crore in revenue and INR 69.8 crore PAT, reflecting 101 percent growth in Q2 FY 2024-25, driven by strong performance and strategic initiatives.
November 07, 2024. By EI News Network
In Q2 FY 2024-2025, KPI Green Energy reported total revenue of INR 361.4 crore, a 67.4 percent increase compared to INR 215.9 crore in the same quarter last year. The company’s EBITDA also saw substantial growth, reaching INR 134.4 crore, up 86.6 percent from INR 72 crore in Q2 FY 2023-2024, showcasing high operational efficiency and cost management. Profit Before Tax (PBT) surged by 120 percent to INR 96.6 crore, while Profit After Tax (PAT) more than doubled, increasing 101 percent to INR 69.8 crore compared to INR 34.7 crore in the same period last year.
For the first half of FY 2024-2025, KPI Green Energy achieved a revenue increase of 75 percent, reaching INR 711.3 crore compared to INR 406.5 crore in H1 of the previous year. EBITDA for this period grew 87.3 percent to INR 266.9 crore, up from INR 142.5 crore.
Further, PBT nearly doubled, reaching INR 187.3 crore, a 119.8 percent increase from INR 85.2 crore in H1 of the previous fiscal year. PAT reached INR 135.9 crore, marking a 99.9 percent increase from INR 68 crore in the prior period.
During Q2, KPI Green Energy raised INR 1,000 crore through a Qualified Institutional Placement (QIP) with major investors, utilising the funds for loan repayment and project capital. This milestone contributed to the company achieving a zero net debt position as of September 30, 2024, enhancing financial flexibility and lowering risk.
Additionally, KPI Green Energy’s credit rating was upgraded to [ICRA]A from [ICRA]A-, with a positive outlook, signaling the company’s sound financial discipline and growth potential.
Moreover, KPI Green also secured Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd. for 620 MW (AC) capacity, expected to be operational by June 2026, which will further strengthen its revenue stream as an Independent Power Producer (IPP).
please contact: contact@energetica-india.net.
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