Powerhouse, KPI Green Energy has witnessed a bullish trading week that ended on April 26, rising by a whopping 11% on BSE. With that, KPI Green has doubled investors' money with an upside of a massive 110.36% YTD, emerging among top bulls of 2024. The reason behind the latest surge is due to healthy earnings on a year-on-year basis. KPI also touched a new all-time high before correcting. Apart from Q4, there are rewards that await investors.
KPI Green Energy Share Price:
After hitting an all-time high of Rs 2,109.25 apiece on April 25th, KPI Green Energy shares witnessed profit booking on April 26. The stock price froze at its 5% lower circuit to Rs 2003.80 apiece on BSE with a market cap of Rs 12,079.43 crore.
Nonetheless, KPI Green is still a multi-bagger with gains of a whopping 540.5% on BSE compared to its 52-week low of Rs 312.86 apiece.
KPI Green Energy Dividend:
The company has recommended a final dividend of 2% i.e. Re. 0.20 (Twenty Paisa only) per equity share of the face value of Rs.10/- each for the financial year 2023-24, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company.
For FY24, KPI has delivered the first and second interim dividends of 2.5% each valuing to Rs 0.25 per share. In 2023, the company delivered up to 28.50% dividend amounting to Rs 2.85 per share.
KPI Green Energy Results:
During the fourth quarter of FY24, KPI Green Energy reported revenue from operations of Rs 167.94 crore, compared to Rs 95.36 crore in Q4FY23, and Rs 275.18 crore in Q3FY24.
Meanwhile, the net profit stood at Rs 25.85 crore, up from Rs 8.65 crore in Q4FY23, however, was lower from Ras 40.77 crore in Q3FY24.
For the full-year fiscal, revenue jumped to Rs 723.75 crore versus Rs 487.52 crore in FY23. While PAT was at Rs 103.71 crore in FY24 against Rs 78.39 crore in FY23.
KPI Green Energy Bonus Shares:
This year, KPI Green has allotted 2,00,94,203 equity shares having a face value of Rs.10/- each as bonus equity shares, in the ratio of One (1) equity share having a face value of Rs. 10/- each for every Two (2) existing equity share having face value of Rs. 10/- each, to the Members whose names appeared in the Register of Members/List of beneficial owners as on February 15, 2024, being the record date fixed for that purpose.
Consequently, KPI Green said, the paid-up equity share capital of the Company has increased from Rs. 40,18,84,050/-comprising 4,01,88,405 (Four Crores One Lakh Eighty-Eight Thousand Four Hundred and Five) Equity Shares of Rs. 10/- each to Rs. 60,28,26,080, comprising 6,02,82,608/- equity shares of Rs. 10/- each.
The bonus issue ratio stood at 1:2 this year.
However, it needs to be noted that this bonus issuance comes less than 13 months, from KPI Green's first bonus issue of 1:1 effective from January 18, 2023.
KPI Green Energy is a leading producer of Renewable Power With Different Projects in Gujarat Since 2008. Its Renewable Power business is focused on Providing Renewable power solutions that reduce Electricity costs, and Providing Commercial solutions like CPP, IPP, Industrial Plot Selling via Solar & Hybrid Energy.
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