KPI Green Energy shares surge 5% to hit upper circuit as Q3 profit soars 67% YoY; declares interim dividend

Shares of KPI Green Energy climbed as much as 5% on Friday to hit their upper circuit limit at Rs 452.65 on the BSE, after the solar power generation company reported a 67% year-on-year increase in net profit for the December quarter. The consolidated net profit rose to Rs 84.50 crore in Q3 FY25, up from Rs 50.61 crore in the same period last year.

The company's revenue from operations for the third quarter also saw a significant uptick, registering a 38.8% YoY growth to Rs 458.36 crore, compared to Rs 330 crore in the year-ago quarter. The company attributed this robust performance to sustainable growth in its renewable energy business.

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In addition to the strong financial results, KPI Green Energy declared a third interim dividend of 4%, equating to Rs 0.20 per equity share with a face value of Rs 5 each, for the financial year 2024-25. The record date for this dividend has been set as February 18, 2025, with payment to be made within 30 days to shareholders on record as of that date.

The company's EBITDA for the December quarter increased by 32% year-on-year to Rs 137 crore, up from Rs 104 crore in the previous year. The EBITDA margin stood at 30%, slightly down from last year's 31%.

Despite a 7.2% decline in the company's share price over the past year and a 23.35% drop in the past six months, the stock has experienced a resurgence, rising 35.73% in the last week alone.

Analysts maintain a positive outlook, with the consensus average target price of KPI Green Energy shares at Rs 1,100 per share, according to Trendlyne data.

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