Multibagger Solar stock with 3,900 per cent returns: This solar company bags new orders for 28.40 MW solar power projects!
Shares of the company gained more than 35 per cent in the last six months.
KPI Green Energy Limited's wholly owned subsidiary, Sun Drops Energia Private Limited, has secured Letters of Intent for 28.40 MW of solar power projects under the captive power producer (CPP) segment. The projects will be executed for various clients across different sectors, including textiles, glass, and others. The projects are scheduled for completion within the current financial year. This development underscores the company's strong position in the solar power sector and its commitment to providing clean energy solutions to its clients.
The company posted brilliant Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 289.36 crore which grew by 58.64 per cent YoY. The operating profit of the company stood at Rs 96.48 crore. The PAT of the company stood at Rs 43.04 crore, representing a growth of 35.46 per cent YoY.
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KPI Green Energy Limited is engaged in solar power generation. It provides solar power, both as an independent power producer (IPP) and as a service provider (EPC contractor) to CPP customers. The current operational IPP capacity of the company under the third-party open access route is 104 MW including the recently developed hybrid capacity of 30.2 MW in Bhavnagar and Bharuch districts of Gujarat. Also, there are installed IPP capacities of 25 MW and 8 MW under the subsidiaries, KPIGEPL and SDEPL, respectively. The shares of KPI Green Energy Limited have also delivered multibagger returns of over 3,900 per cent in the last three years.
The stock has shown tremendous growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.