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KPI Green Energy Shares in Focus; Sets Record Date for Bonus Equity Shares

Updated on: Dec 20, 2024, 3:59 PM IST
KPI Green Energy sets January 03, 2025, as the record date for issuing bonus shares.
KPI Green Energy Shares in Focus; Sets Record Date for Bonus Equity Shares
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KPI Green Energy has fixed January 03, 2025, as the record date for the issuance of bonus shares in a 1:2 ratio, subject to the approval of shareholders through a postal ballot.

KPI Green Energy Bonus Issue Details 

KPI Green Energy Limited has set the record date for determining the eligibility of shareholders entitled to receive bonus equity shares.

The bonus will be issued in the proportion of 1 equity share of ₹5 each for every 2 existing equity shares of ₹5 each.

This issuance is subject to the approval of shareholders, which will be obtained through a postal ballot, the company said in a press release on the stock exchanges.

Recent Business Development

In a recent development, KPI Green Energy announced the signing of a Memorandum of Understanding (MoU) with the Government of Rajasthan. This agreement is for developing hybrid, solar, and wind power projects in Jaisalmer (Ramgarh), Rajasthan.

The state government will assist the company in obtaining the necessary permissions and clearances from relevant authorities, following the existing state policies and regulations, the company said in a press release on the stock exchanges.

Q2 FY25 Financial Highlights

KPI Green Energy reported a 100% increase in Profit After Tax (PAT) for Q2 FY25, reaching ₹69.8 crores compared to ₹34.7 crores in Q2 FY24.

The company’s revenue from operations grew by 67%, from ₹215.1 crores in Q2 FY24 to ₹359.7 crores in Q2 FY25. EBITDA for Q2 FY25 saw an 87% rise, reaching ₹134.4 crores, up from ₹72.0 crores in the same quarter of the previous year.

Share Price Performance

On December 20, 2024, KPI Green Energy’s share price (NSE: KPIGREEN) traded 2.98% higher at ₹786.90 as of 9:35 AM on the NSE. The stock opened at ₹795.95, higher than the previous close of ₹764.10.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 20, 2024, 9:41 AM IST

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