Energy Stock Announces 1:2 Bonus Shares, Reaffirmed Credit Rating & Explosive Growth Ahead
The company has announced a 1:2 bonus equity share allotment, boosting its paid-up capital and expanding its shareholder base.
On January 6, 2025, the Board of Directors of KPI Green Energy held a meeting to approve the allotment of 6,56,30,202 bonus equity shares in a 1:2 ratio. This means for every two existing shares, one new share will be allotted. The new shares will have a face value of Rs 5 each. The allotment will increase the company’s paid-up equity share capital from Rs 65.63 crore to Rs 98.44 crore, expanding the total number of shares from 13.13 crore to 19.69 crore. The bonus shares will rank pari-passu with the existing shares.
ICRA Rating Reaffirmation
KPI Green Energy also received a reaffirmation of its credit ratings from ICRA. The company’s long-term ratings were reaffirmed at [ICRA]A with a positive outlook, while the short-term ratings were reaffirmed at [ICRA]A2+. The ratings apply to various financial instruments, including term loans, cash credit, working capital demand loans, and bank guarantees. The enhanced rating amount across these instruments is now Rs 2000 crore, indicating a strong financial position.
Strong Financial Performance for H1 FY25
KPI Green Energy reported impressive financial results for H1 FY25. Total revenue surged by 75 per cent, reaching Rs 711.3 crore compared to Rs 406 crore in H1 FY24. EBITDA also grew by 87 per cent, standing at Rs 266.9 crore, and profit after tax (PAT) doubled to Rs 135.9 crore. Basic earnings per share (EPS) increased by 76 per cent to Rs 11.03, reflecting strong growth in profitability.
Expansion and Technological Advancements
The company continues to expand its capacity. KPI’s Independent Power Production (IPP) capacity reached 171 MW by H1 FY25, with a record order book of 1.26 gigawatts. The Captive Power Producer (CPP) segment also showed growth, with an installed capacity of 336 MW. The company is adopting advanced technologies like AI-driven robotic cleaners and bifacial solar panels to enhance efficiency.
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Future Outlook and Growth Plans
Looking ahead, KPI Green Energy is targeting an installed capacity of 10 gigawatts by 2030. With a solid order book and strong project pipeline, management expects revenue growth of 60 per cent-70 per cent for FY25. The company’s competitive advantage lies in its execution capabilities and its strong focus on sustainability.
Disclaimer: The article is for informational purposes only and not investment advice.