KPI Green Energy Share Price Surge 3.97% Ahead of Bonus Share Proposal and Interim Dividend Record Date

KPI Green Energy is gaining spotlight on Tuesday. On November 12, 2024, KPI Green Energy share price opened at ₹770.90, up from its previous close of ₹753.65. At 10:41 AM, the share price of KPI Green Energy was trading at ₹783.60, up by 3.97%.

To Consider Bonus Shares 

This surge in KPI green share price follows the announcement of a forthcoming meeting of the company’s Board of Directors scheduled for Thursday, November 14, 2024. The meeting will focus on several key matters, including the proposal for the issuance of bonus equity shares to the shareholders, as well as a potential increase in the company’s authorised share capital to accommodate the bonus share issuance.

Interim Dividend Record Date

Earlier this month, the board of directors also declared an interim dividend of 4%, equivalent to ₹0.20 per equity share, with the record date set for November 14, 2024. 

Q2 FY 2025 Financial Highlights

In addition to this announcement, KPI Green Energy also revealed strong financial performance for Q2 FY 2024-2025. The company reported a significant 67.4% increase in total revenue, which reached ₹361.4 crore, compared to ₹215.9 crore in the same quarter of the previous year. This growth was driven by the company’s expanding operations in the green energy sector. EBITDA for the quarter also saw a remarkable rise of 86.6%, increasing to ₹134.4 crore from ₹72 crore in Q2 FY 2023-2024. 

Profit After Tax (PAT) demonstrated the most impressive growth, surging by 101% to ₹69.8 crore, up from ₹34.7 crore in Q2 FY 2023-2024. This growth reflects the company’s strong operational performance and effective cost-management strategies, which have contributed to its enhanced profitability. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.