Green Energy Stock Declares Dividend, Q1 Net Profit Rises 98%; Shares Hit Upper Circuit

Small cap company operating in power generation sector, KPI Green Energy Ltd shares today hit 5% upper circuit after it declared interim dividend and robust Q1 results. Current market price of KPI Green Energy shares on BSE is Rs 1013.35 per share. Its market capitalisation stood at Rs 12,217.48 crore. KPI Green Energy shares offered 279% return in last 1-year and 113% return year-to-date. More details given below:

KPI Green Energy Declares Dividend: According to the BSE filing of the company issued as on August 8, 2024, "the Board of Directors at their meeting held on today i.e. August 8, 2024, declared First Interim Dividend at 4% i.e. Rs. 0.20/- per equity share having face value of Rs. 5/- each, on the equity shares of the Company for the Financial Year 2024-25."

The record date for payment of interim dividend is August 21, 2024. The Dividend shall be paid within 30 days from the date of its declaration to the shareholders whose name appears in the Register of Members as on the Record date, added the BSE filing.

KPI Green Energy Announces Q1 Results: The company announced its net profit surged 98% year-on-year (YoY) to Rs 66 crore for the quarter ended June 30, 2024 (Q1FY25) as against Rs 33 crore declared in the corresponding quarter of last year (Q1FY24). Its revenue from operations surged 84% YoY to Rs 348 crore for the June quarter as against Rs 189.3 crore declared in the corresponding quarter of last year. EBITDA of KPI Green zoomed 91% YoY to Rs 131.7 crore for Q1FY25 from Rs 69 crore in Q1 FY24. Ebitda margin grew 150 basis points to 38% for the quarter under review from 36.5% in Q1FY24.

KPI Dividend History: KPI Green Energy announced 8 dividends since November 11, 2021. In last 1-year, KPI Green Energy announced an equity dividend amounting to Re 0.50 per share. At the current share price of Rs 1013.35, KPI Green Energy Ltd.'s dividend yield is 0.05%. Adjusting for Bonus/Splits the dividend yield is 0.02%.
KPI Green Energy Stock Performance & Return: The 52-week high price of KPI Green Energy share on BSE is Rs 1083.95 per share (as on 19/07/2024) and 52-week low price is Rs 255.46 per share (as on 12/09/2023), respectively. KPI Green Energy shares rose 41% in last 6-months, rose 756% in last 2-years, and gained 11,724% in last 5-years.

KPI Stock Split History: KPI Green Energy has split the face value once since July 18, 2024. KPI Green Energy last split the face value of its shares from Rs 10 to Rs 5 in 2024. The share traded ex-split as on July 18, 2024.
KPI Green About: KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited), is the Renewable vertical of KP Group and a prominent Gujarat based Renewable power generating company. Incorporated in February, 2008, focused on providing Renewable power through different Business verticals. The Company develops, builds, owns, operates and maintains Renewable power plants through as an Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism', according to its official website.

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