KPI Green Energy Shares Surge 35% in a Week, Hit 8th Consecutive Upper Circuit on Strong Q3 Results
KPI Green Energy Limited : KPI Green Energy Limited, a leading player in India’s renewable energy sector, has delivered a blockbuster financial performance for the quarter ending December 2024 and the fiscal year 2023-24, underscoring its accelerating growth in the solar energy space.
February 2024 – KPI Green Energy Limited (KPIGE) witnessed a remarkable rally in its share price on Friday, locking in a 5% upper circuit at ₹474.85. This marks the eighth consecutive trading session where the stock has surged to its upper limit, driven by robust quarterly earnings and renewed investor confidence.
Blockbuster Financial Performance
The solar energy producer reported a 66.95% year-on-year (YoY) jump in net profit for Q3 FY2025, reaching ₹84.50 crore compared to ₹50.61 crore in the same quarter last year. Revenue from operations soared 38.8% YoY to ₹458.36 crore, up from ₹330 crore in Q3 FY2024. The company attributed this growth to strong execution in its renewable energy projects and expanding order book.
Dividend Declaration and Improved Margins
Alongside its earnings, KPIGE declared a third interim dividend of 4% (₹0.20 per share) for FY2024-25. The record date is set for February 18, 2025, with payment scheduled within 30 days.
The company’s EBITDA rose 32% YoY to ₹137 crore, though the EBITDA margin slightly contracted to 30% from 31% a year earlier, reflecting competitive pressures in the sector.
Stock Performance and Promoter Confidence
Despite a 7.2% decline over the past year and a 23.35% drop in the last six months, KPIGE shares have rebounded sharply, surging 35.73% in the past week. Notably, promoters increased their stake by 1.03% in Q3, signaling strong insider confidence.
Driving Forces Behind the Growth
Analysts remain optimistic, with Trendline data highlighting a consensus 12-month target price of ₹1,100—a potential upside of over 130% from current levels. The bullish outlook is tied to India’s accelerating renewable energy transition and KPIGE’s expanding project pipeline.
KPI Green Energy’s success aligns with India’s aggressive push toward achieving 500 GW of renewable energy capacity by 2030. The company has strategically expanded its portfolio, securing contracts for solar parks, hybrid projects, and industrial solar solutions. Its emphasis on innovation and timely project execution has further strengthened investor confidence.
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