KPI Green Energy, a renewable power company, is set to reward investors with a dividend payout of 4% which is the first for FY25. For the same, KPI has also announced its record date to determine eligible shareholders. This dividend payout comes after KPI carried a stock split of a 2:1 ratio and a bonus issue of a 1:2 ratio earlier in the year.
KPI Green Share Price:
The stock has hit back-to-back upper circuit since it announced its first interim dividend. On August 9, the stock ended at Rs 1064 apiece, hitting 5% upper circuit, and nearing its 52-week high of Rs 1,083.95 apiece. The company's market cap is at Rs 12,828.14 crore.
KPI's latest weekly performance is up by 11.12% on BSE. While YTD, the stock gained by 123% on BSE.
KPI Green Energy Dividend:
As per the regulatory filing, KPI Green's board declared an interim dividend of 4% i.e. Re. 0.20 (Twenty Paisa Only) per equity share having a face value of Rs. 5/- each, on the equity share capital of the Company for the financial year 2024-25. The Record date for payment of this 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.
KPI Green Energy Q1 Results:
The company announced its Q1 results for FY25 as well. In Q1FY25, the company bagged revenue of Rs 348.01 crore, surging sharply from Rs 189.35 crore in Q1FY24 and Rs 289.35 crore in Q4FY24.
Further, net profit for the period stood at Rs 66.11 crore in Q1FY25, more than doubling from Rs 33.26 crore recorded in Q1FY24. Its PAT was at Rs 43.04 crore in Q4FY24.
KPI Green Energy Stock Split:
The energy company turned ex-split on July 18 for its sub-division in the ratio of 1:2. This was also the record date to determine the eligibility of Shareholders for subdivision/split of equity shares having a face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 2 (Two) equity shares having a face value of Rs. 5/- (Rupees Five only) each fully paid-up.
This stock split is KPI's first ever. Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.
KPI Green Energy Bonus Issue:
The stock split comes after KPI delivered a bonus issue in the range of 1:2 to its eligible investors. In February 2024, KPI allotted 2,00,94,203 equity shares having a face value of Rs.10/- each as bonus equity shares, in the ratio of One (1) equity share having a face value of Rs. 10/- each for every Two (2) existing equity share having face value of Rs. 10/- each.
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.
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