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KPI Green Energy Q4 Results | Net profit rises 36% to ₹43 crore
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Shares of KPI Green Energy Ltd ended at ₹2,109.25, up by ₹100.40, or 5.00% on the BSE.
KPI Green Energy on Thursday (April 25) posted a nearly 36% rise in consolidated net profit to ₹43.04 crore in the March quarter mainly on the back of higher revenues.
The consolidated net profit of the company was ₹31.77 crore in the year-ago period, the company said in a BSE filing.
The company’s total revenue increased to ₹292.96 crore during the quarter from ₹184.41 crore a year ago. The consolidated net profit during the entire FY24 also increased to ₹161.65 crore from ₹109.62 crore a year ago.
Also Read: LTIMindtree Q4 results: Profit slips to ₹1,100 crore, revenue declines sequentially to ₹8,892 crore
The board has also recommended a final dividend at 2%, i.e. Re 0.20 per equity share of the face value of ₹10 each for the financial year 2023-24, subject to the approval of the shareholders at the upcoming annual general meeting of the company.
Shares of KPI Green Energy Ltd ended at ₹2,109.25, up by ₹100.40, or 5.00% on the BSE.
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