Dividend Declared: Multibagger Stock Posts 22% Growth In Net, Hits Lower Circuit

Small cap company KP Energy on Tuesday declared a surge of 22% in its consolidated net profit at Rs 8.18 crore for the quarter ended September 30, 2023 as against Rs 6.70 crore declared in the corresponding quarter of last year.

Board of Directors of the company also declared second interim dividend at 4% i.e. Re. 0.20/- per equity share having a face value of Rs. 5/- each. Last trading price of KP Energy share on BSE is Rs 495.95 per share with intraday fall of 5.00% intraday. KP Energy shares hit lower circuit in trade today. KP Energy shares rallied 1512% in last 3-years. Check details below:

KP Energy Declares Interim Dividend: As per the BSE filing of the company issued today, "Considered, approved and declared Interim Dividend at 4% i.e. Re. 0.20 (Twenty Paisa Only) per equity share having face value of Rs. 5/- each of the Company, for the financial year 2023-24. The Record date for payment of this interim dividend is November 17, 2023, as per our earlier intimation dated October 31, 2023."

The Dividend shall be paid within 30 days from the date of its declaration to the shareholders whose name appears in the Register of Members as on the Record date.

KP Energy Q2 Results: The company's total income soared to Rs 71.48 crore in the quarter under consideration from Rs 57.85 crore in the same period of last year. The company also took note of the resignation of Pravinkumar Singh from the post of Chief Financial Officer with effect from Tuesday. Singh has been offered with CFO responsibilities of another KP Group company. The board also approved appointment of

Shabana Virender Bajari as Chief Financial Officer with effect from November 8, 2023.

KP Energy Stock Performance & Return: Last trading price of KP Energy share on BSE is Rs 495.95 per share. The stock's 52-week high price is Rs 619.40 per share and 52-week low price is Rs 143.05 per share, respectively. Its market capitalisation is Rs 1102.50 crore. KP Energy shares fell 16% in last 1-month, soared 166% YTD, rose 154% in last 1-year, surged 560% in last 2-years, and offered return of 1512% in last 3-years. In last 5-years, KP Energy stock gained 388%.

About: KP Energy Limited is Gujarat's prominent balance of plant solution provider in Wind Industry engaged, from conceptualization till the commissioning of a wind energy project.

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