2% Dividend Declared: Multibagger Energy Stock Declares 19% Jump In Q1 Net Profit

Small cap company operating in power generation industry, KP Energy Ltd shares declined 2.17% on August 14 despite reporting 19% jump in its consolidated net profit to Rs 18.20 crore for the quarter ended June 2024. The company had declared a net profit of Rs 15.23 crore in the corresponding quarter of last year, as per its BSE filing. Last trading price of KP Energy shares on BSE is Rs 382.55 per share. KP Energy shares declined 14.80% in last 3-months. In last 1-year, KP Energy stock offered stunning returns of 238% to shareholders. Check key details below:

KP Energy Approves Interim Dividend: As per the BSE filing of KP Energy issued as on August 14, 2024, "considered, approved and declared Interim Dividend at 2% i.e. Re. 0.10 (Ten Paisa Only) per equity share having face value of Rs. 5/- each of the Company, for the financial year 2024-25. The Record date for payment of this interim dividend is August 23, 2024, as per our earlier intimation dated August 9, 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.

KP Energy Q1 Results: The company for the quarter ended June 30, 2024 declared its total income at Rs 135.20 crore as against Rs 113.35 crore in the corresponding quarter of last year. Its revenue for the June 2024 quarter announced at Rs 127.18 crore as compared to Rs 112.98 crore in the similar quarter of last year. Meanwhile, total expenses of KP Energy declared at Rs 112.07 crore for the June 2024 quarter as against Rs 95.87 crore in the similar quarter of last year.

KP Energy Shares Performance & Return: The 52-week high price of KP Energy shares on BSE is Rs 513.90 apiece (as on 07/05/2024) and 52-week low price is Rs 110.77 apiece (as on 16/08/2023), respectively. KP Energy has a market capitalisation of Rs 2,551.23 crore. KP Energy shares gained 682% in last 2-years, soared 2483% in last 3-years, and offered return of 1337% in last 5-years.

About: KP Energy Ltd specialises in high-quality Wind Turbine Generators (WTGs) powered by sophisticated technology. It excels in providing turnkey solutions for wind farm projects across India. With a proven track record and dedication to innovation, KP Energy Ltd. stands at the forefront of the renewable energy industry, driving sustainable solutions for a greener tomorrow, according to its official website.

Disclaimer: The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.