KPI Green Energy Q4 Results: PAT more than doubles to Rs 104 crore, revenue jumps 97%; Stock rallies 8%
KPI Green Energy Ltd
reported a 142% year-on-year jump in consolidated
profit after tax
to Rs 104 crore for the fourth quarter ended March 2025, compared to Rs 43 crore in the same period last year. Shares of the company rallied as much as 7.6% on Wednesday to Rs 446.75 on the BSE.
The company said that it 'delivered an exceptional fourth quarter and full-year performance, underscoring its robust execution capabilities and market leadership in
renewable energy
.' KPI Green achieved its highest-ever quarterly turnover for the fourth consecutive quarter, with revenue from operations rising 97% to Rs 569 crore.
EBITDA grew 76% to Rs 169.43 crore, while profit before tax surged 131% to Rs 138.70 crore. The bottom-line improvement was supported by lower finance costs following strategic loan repayments from proceeds raised through a Qualified Institutional Placement in Q2 FY25.
The board of directors has recommended a final dividend of Re. 0.20 per share of face value Rs 5 for FY25, subject to shareholder approval at the upcoming Annual General Meeting.
For the full financial year 2024-25, PAT more than doubled to Rs 325.28 crore from Rs 161.66 crore, while total revenue rose 70% to Rs 1,755.16 crore. 'KPI Green Energy has closed FY 2024-25 on a historic note, surpassing all previous annual financial benchmarks. Notably, the PAT for FY 2024-25 alone exceeds the total annual revenue of FY 2021-22, reflecting the company's exceptional growth trajectory,' the company said.
Strategic developments
The year also saw the company complete a Rs 1,000 crore QIP, with participation from marquee investors including Morgan Stanley Asia, BofA Securities Europe SA, Societe Generale, Goldman Sachs Singapore, and Motilal Oswal Equity Opportunities Fund. The proceeds were used to repay term loans and support working capital for upcoming projects.
KPI Green
secured major solar project contracts—300 MWAC from
Coal India Ltd
and 100 MWAC from MAHAGENCO—further strengthening its leadership in high-capacity renewable energy execution. Construction on these projects is underway, with management expecting early completion.
The company also received a long-term credit rating upgrade to [ICRA] A with a Positive outlook from [ICRA] A-, reflecting increasing stakeholder confidence.
KPI Green expanded operations into Rajasthan, Madhya Pradesh, and Odisha through new Memorandums of Understanding with state governments. The company said its accelerating growth is 'mirrored across all key metrics,' reinforcing its position in India's clean energy transition.
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