Wind and Solar Company Likely to Announce Bonus Shares on November 14 for Second Time This Year; FIIs & DIIs Increase Stake in Q2 FY25!

The company’s shares have delivered impressive multibagger returns of over 2,100 per cent in just 3 years.

This Small-Cap company develops, builds, owns, manages, and maintains renewable energy facilities, including solar and solar-wind hybrid power projects. The company has announced that it is likely to announce the bonus share again this year.

The Company has scheduled a meeting on Thursday, November 14, 2024, at its Registered Office to discuss key matters, including:

• Considering the proposal for issuing bonus shares to the company's shareholders.
• Approving an increase in authorized share capital to facilitate the potential bonus equity issue.
• Addressing any additional matters with the Chairman's permission.

Finally, the shares of KPI Green Energy Limited closed at around Rs 754 per share. The company’s current market capitalization stands at Rs 9,897 crore. The stock has delivered a multibagger return of over 2,100 per cent in the past 3 years.

As per the Quarterly Results, in the second quarter of FY25, KPI Green Energy Limited recorded a revenue of Rs 360 crore. The operating profit for Q1 FY25 stood at Rs 134 crore. The net profit stood at Rs 70 crore compared to Rs 35 crore. Looking at the annual performance, the company generated a revenue of Rs 1024 crore in FY24, compared to Rs 644 crore in FY23. The operating profit for FY24 was Rs 337 crore with a net profit of Rs 162 crore.

According to the company's shareholding pattern, promoters hold a 48.77 per cent stake, while FIIs and DIIs own 9.95 per cent and 1.50 per cent, respectively. The remaining 39.80 per cent is held by public investors. Both FIIs and DIIs increased their stakes in the company during Q2 FY25.

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