© Reuters
KPI Green Energy’s stocks listed on the Bombay Stock Exchange (BSE) have witnessed a substantial year-to-date (YTD) growth of 109%, significantly outperforming the Sensex’s ascent of just 8.3%, as on Tuesday, October 10, 2023. The firm’s shares escalated by another 4% to Rs 940 each after touching an all-time high of Rs 953 earlier in August.
The company also reported a robust second quarter for the fiscal year 2023-2024 (July-September), with a year-on-year surge of 57% in consolidated profit after tax (PAT) to Rs 34 crore and a hike of 43% YoY in consolidated revenue to Rs 215 crore.
The half-yearly income also increased significantly from Rs 282.95 crore in FY2023 to Rs 406.52 crore in FY2024.
The strong performance of KPI Green Energy and K.P.I Global Infrastructure Ltd underscores the robust growth in the green energy sector, as these companies continue to outperform broader market indices.
According to InvestingPro metrics, KPI Green Energy has been profitable over the last twelve months, which supports the continuation of its strong performance. Additionally, InvestingPro Tips suggest that the company’s strong earnings should allow management to continue dividend payments, adding further value for shareholders.
It’s also worth noting that KPI Green Energy is a prominent player in the Commercial Services & Supplies industry and its stock price often moves in the opposite direction of the market, providing potential opportunities for strategic investors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
