4,100 per cent returns and FIIs increase stake: This multibagger power generation company bags a new order for a 4.40-megawatt solar power projects!

Shares of the company gained more than 120 per cent in the last six months.

KPI Green Energy Limited’s wholly-owned subsidiary of the company, Sun Drops Energia Private Limited has received new orders of 4.40 MW for executing solar power projects. These orders are part of the Company's Captive Power Producer (CPP) Segment. With the addition of these orders, the Company's cumulative orders for solar power projects under the CPP Segment have crossed 148 MW. The projects are scheduled to be completed in the financial year 2024-25. 

The company posted strong Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 215.07 crore which increased by 34.55 per cent YoY. The operating profit of the company stood at Rs 72.04 crore, while the PAT of the company stood at Rs 34.74 crore, which increased by 64.22 per cent on a YoY basis. 

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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. 

KPI Green Energy Limited has delivered multibagger returns of over 4100 per cent in the last three years. While in the last one year, the stock has gained over 120 per cent. FIIs have increased their stake in the company to 4.24 in September 2023 respectively. 

Investors should keep a close eye on this stock. 

Disclaimer: The article is for informational purposes only and not investment advice.