KPI Green Energy has recorded a revenue of Rs 3.5 billion in the first quarter (Q1) of 2024-25. This showed an 84 per cent Year-on-Year (YoY) increase. The company recorded an overall profit of Rs 661 million. This presents a nearly 100 per cent YoY increase as the profit in Q1 of the previous year was Rs 333 million. The company’s EBITDA stood at Rs 1.32 billion, an increase of 86 per cent from Rs 705 million in the previous year.
In July 2024, KPI Green had raised Rs 6.86 billion to develop a 200 MW solar photovoltaic project in Khavda, Kutch District. Furthermore, in June 2024, they had secured orders worth Rs 3.51 billion from various clients for projects, including building crash barriers for railway track fencing, solar projects, and electricity transmission line towers.
