KPI Green Energy announced on February 10 that its subsidiary, Sun Drops Energia Pvt Ltd, has received letters of award to develop solar power projects with a total capacity of 15.9 MW. These projects are part of the company’s captive power producer segment.
The orders were placed by Mexo Fiber Pvt Ltd, Rayons Pvt Ltd, Maharaja Industries, Gautam Casting Industries Pvt Ltd, Gautam Technocast, Shrirajlaxmi Denim, and Kartik Dyeing. The projects are expected to be completed in the 2025-26 fiscal year, with various phases scheduled according to the terms of the orders.
In its third-quarter results, KPI Green Energy reported a 67% increase in net profit, reaching ₹85 crore, compared to ₹51 crore in the previous year. Revenue stood at ₹458.3 crore, a 39% rise from ₹330 crore last year.
EBITDA grew by 32% year-on-year to ₹137 crore, up from ₹104 crore in the same period last year, while the EBITDA margin remained strong at 30% (down slightly from 31% last year). The company also declared a third interim dividend of ₹0.20 per equity share (4% of face value of ₹5) for the financial year 2024-25. The record date for the dividend payment is set for February 18, 2025, and will be paid within 30 days from the declaration date to shareholders listed in the Register of Members.
KPI Green Energy Ltd., based in India, is a rapidly growing company in the renewable energy sector, primarily focusing on solar power generation. The company develops, builds, owns, and operates solar power plants, catering to both industrial and commercial clients under the Independent Power Producer (IPP) model.
KPI Green Energy also engages in the sale of solar power under its Captive Power Producer (CPP) model. With an increasing emphasis on sustainability and green energy, the company has been expanding its capacity and footprint, contributing significantly to the shift towards clean energy in India. KPI Green Energy’s projects are known for their efficiency and commitment to reducing carbon emissions, aligning with global trends towards renewable energy adoption.
