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