KPI Green Energy Q3 PAT climbs 46% YoY to Rs 51 cr – EQ
In Short : KPI Green Energy achieves notable growth in Q3, with a 46% year-on-year increase in Profit After Tax (PAT) to Rs 51 crore, reflecting positive financial performance in the renewable energy sector during this period.
In Detail : KPI Green Energy’s consolidated net profit jumped 46.87% to Rs 50.60 crore in Q3 FY24 as against Rs 34.45 crore posted in Q3 FY23.
Revenue from operations stood at Rs 330.11 crore in Q3 FY24, registering a growth of 84.20% YoY.
Profit before tax in Q3 FY24 was at Rs 71.77 crore, up 68.71% from Rs 42.54 crore recorded in the corresponding quarter previous year.
For Q3 FY24, EBITDA jumped 74.4% to Rs 104.78 crore as against Rs 60.07 crore recorded in same quarter last year.
Total expenses increased 89.30% to Rs 259.55 crore in Q3 FY24 as compared with Rs 137.11crore in Q3 FY23. Cost of material consumed stood at Rs 190.94 crore (up 71.22%YoY), finance cost was at Rs 23.05 crore (up 96.67%YoY) and employee benefit expenses stood at Rs 4.33 crore (up 116.5%YoY).
KPI Green Energy develops and maintains grid connected solar power projects and sells power units generated from the company’s solar plants.
