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KPI Green Energy shares surge 5% to hit upper circuit as Q3 profit soars 67% YoY; declares interim dividend

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[hfe_template id='11223'] [ad_1] Shares of KPI Green Energy climbed as much as 5% on Friday to hit their upper circuit limit at Rs 452.65 on the BSE, after the solar power generation company reported a 67% year-on-year increase in net profit for the December quarter. The consolidated net profit rose to Rs 84.50 crore in Q3 FY25, up from Rs 50.61 crore in the same period last year. The company's revenue from operations for the third quarter also saw a significant uptick, registering a 38.8% YoY growth to Rs 458.36 crore, compared to Rs 330 crore in the year-ago quarter. The company attributed this robust performance to sustainable growth in its renewable energy business. Also read | 3 out of 4 Nifty 50 firms saw EPS cuts in January 2025: JM Financial In addition to the strong financial results, KPI Green Energy declared a third interim dividend of 4%, equating to Rs 0.20 per equity share with a face value of Rs 5 each, for the financial year 2024-25. The record date f...

Multibagger stock to split 1:2 on July 18, last day to buy today

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[hfe_template id='11223'] [ad_1] Multibagger stock KPI Green Energy had announced July 18 as the record date for the purpose of its 1:2 stock split. This means that today is the last day to buy the shares in order to qualify for the split, since July 17 is a market holiday. Earlier in the month of May, KPI Green Energy had announced that it will be splitting its shares in the ratio 1:2, which means that for every share having face value of Rs 10, there will now be 2 shares having face value of Rs 5. The record date for the purpose of the split was later announced in early July. Investors who purchase the stock on the record date are not eligible to avail the benefit of the split. “The Board of Directors of the Company has fixed Thursday, July 18, 2024 as the ‘record date’ for determining the eligibility of Shareholders for the purpose of subdivision/split of equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 2 (Two) equity shares having...