Shares of KPI Green Energy Ltd were trading in the green and 3% higher on 27 August after the company announced that its wholly-owned subsidiary, Sun Drops Energia Private Limited, had been granted a 13.30 MW solar power plant project.

In an exchange filing, KPI Green Energy said, “We are pleased to announce that M/s. Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy Limited, has received Letters of Intent for executing solar power projects with a cumulative capacity of 13.30 MW under the ‘Captive Power Producer (CPP)’ business segment of the company.”

According to the terms of the order, the projects are expected to be finished in several tranches over the 2024–2025 fiscal year, the business stated.

In the June quarter of the financial year 2025 (Q1FY25), KPI Green’s profit increased by 98% year over year (Y-o-Y) to Rs 66 crore from Rs 33 crore in the June quarter of the previous year (Q1FY24).

Operational revenue, or topline, increased 84% YoY to Rs 348 crore in the June quarter of FY25 from Rs 189.3 crore in the same quarter the previous year. 

In terms of operations, profits before interest, tax, depreciation, and amortization (EBITDA) increased from Rs 69 crore in Q1FY24 to Rs 131.7 crore in Q1FY25, a 91% annual increase. 

Consequently, from 36.5% in Q1FY24 to 38% in Q1FY25, the EBITDA margin grew by 150 basis points. 

Also, the business announced that it will pay its first interim dividend of Rs. 0.20 per share in FY25.

KPI Green Energy Ltd. was founded in 2008 and is a KP Group affiliate. With a focus on sustainable energy, the company manages solar and wind hybrid power projects from inception to completion. 

At 11:20 am, the shares of KPI Green Energy were trading 1% higher at Rs 914 on BSE.

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