450 per cent returns: This multibagger solar power stock bags new order for 9.40 MW solar power project!
Shares of the company gained more than 190 per cent in the last six months.
KPI Green Energy and its subsidiary are expanding their solar power portfolio. They secured 9.40 MW of new domestic projects and signed a major 200 MW grid-connected project, contributing to their goal of reaching 1,000 MWp capacity by 2025. This aligns with their commitment to providing eco-friendly energy solutions.
The shares of KPI Green Energy Limited have also delivered multibagger returns to its shareholders in the last one year. During this period, the company's share price surged from Rs 305.40 on March 08, 2023, to Rs 1678.65 on March 06, 2023, representing an increase of about 450 per cent in a one-year holding period. These developments highlight KPI Green Energy's growth trajectory and commitment to renewable energy.
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In Q3FY24, the company posted an 84.21 per cent increase in its consolidated revenue at Rs 330.12 crore compared to Rs 179.21 crore from the previous year’s corresponding quarter. The operating profit of the company stood at Rs 104.78 crore, while the PAT of the company stood at Rs 50.61 crore, from Rs 34.46 crore last year in the same quarter.
KPI Green Energy is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as a service provider to Captive Power Producer (CPP) customers.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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