The shares of KPI Inexperienced Power Ltd. rose on Wednesday to hit almost two-month excessive after its fourth-quarter revenue greater than doubled.
The corporate recorded a consolidated internet revenue of Rs 99.14 crore for the quarter ended March, in comparison with Rs 43.04 crore in the identical quarter of the earlier fiscal yr, in response to its inventory alternate notification. The corporate has posted the highest-ever quarterly turnover for the fourth consecutive quarter, it added.
This surge is primarily pushed by decreased finance prices following strategic mortgage repayments utilizing funds raised by way of Certified Institutional Placement within the second quarter of fiscal 2025.
Income elevated by 96.8% year-on-year for the three months ended March, reaching Rs 569.41 crore. The surge in income was on the again of upper mission execution, enhanced capability utilisation, and favorable trade dynamics.
Working revenue, or earnings earlier than curiosity, taxes, depreciation, and amortisation, rose 73% year-on-year to Rs 161.11 crore. The Ebitda margin contracted by 380 factors to twenty-eight.3%. The rise in Ebitda was pushed by improved working leverage and strategic value efficiencies.
This monetary yr KPI Inexperienced Power has secured a major contract to develop a 300 MWAC ground-mounted photo voltaic PV mission for Coal India Ltd., together with a 100 MWAC mission for MAHAGENCO.
KPI Inexperienced Power Share Worth Advance
The shares of KPI Inexperienced Power rose as a lot as 7.77% to Rs 447.15 apiece, the very best stage since March 24. It pared features to commerce 4.36% larger at Rs 433 apiece, as of 10:59 a.m. This compares to a 0.43% advance within the NSE Nifty 50 Index.
It has fallen 30.27% within the final 12 months and 19.60% year-to-date. Complete traded quantity to date within the day stood at 12 occasions its 30-day common. The relative power index was at 74.46 indicating it was overbought.
. Learn extra on Markets by Newsstate24 Revenue.
