KPI Green Energy's Q2FY24 PAT Surges 57%, Shares Jump 4%

10 Oct 2023 , 03:17 PM

KPI Green Energy’s stock surges 4% to Rs 940 per share on BSE following a significant increase in consolidated profit-after-tax (PAT) by 57% YoY to Rs 34 crore in Q2FY24.

Year-to-date (YTD) shows a remarkable 115% surge in the stock of this smallcap company, outperforming Sensex’s 7% rise. Company’s consolidated revenue from operations in Q2FY24 rose by 43% YoY to Rs 215 crore from Rs 159 crore in the same quarter last year.

Total income increased by 44% YoY to Rs 216 crore in Q2FY24 from Rs 160 crore in Q2FY23. Earnings before interest, tax, depreciation, and amortisation (Ebitda) witnessed a 49% YoY increase to Rs 72 crore in Q2FY24. KPI Green Energy approves and declares an interim dividend of Rs 0.25 per share for FY24.

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