Heavy buying: Back-to-back upper circuit in this multibagger stock; reports a 190 per cent increase in net profit!

In Q4FY23, the company reported a 39.99 per cent increase in net sales YoY.

Shares of K.P. Energy Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. In the last one month, the stock has gained about 15 per cent. 

The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 148.45 crore which grew by 37.99 per cent YoY. The operating profit of the company stood at Rs 25.65 crore, while the PAT of the company stood at Rs 15.77 crore, representing an impressive growth of 190.71 per cent YoY. The company has achieved highest ever quarterly top line in Q4FY23. Revenue from infrastructure development has shown a 35 per cent growth as compared to Q3FY23.

K.P. Energy Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 36.48 on June 12, 2020, to Rs 217.80 on June 06, 2023, an increase of about 490 per cent in three years holding period. And on one year basis, the stock has gained about 150 per cent.    

KP Energy Limited is a balance of plant solution provider for the Wind Energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project. The company undertakes projects principally in Gujarat.

The stock has shown tremendous growth, and investors should keep a close eye on this stock. 
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