Electric Utilities company KPI Green Energy announced Q2FY24 and H1FY24 results: Q2FY24: Q2FY24 IPP segment saw a 32% decline in units generated (Rs 2.92 crore) compared to Q1FY24 (Rs 4.31 crore) due to seasonal and prolonged monsoon effects, resulting in IPP Sales decrease from Rs 42.10 crore to Rs 30.28 crore. Q2FY24 consolidated CPP Sales increased by 25% to Rs 183.89 crore from Q1FY24's Rs 146.98 crore. H1FY24: H1FY24 consolidated CPP Sales grew by 35% (Rs 330.87 crore) compared to H1FY23 (Rs 245.54 crore), while IPP Sales increased by 99% to Rs 72.38 crore In H1FY24, the Company energized a total of 33.00+ MW, reaching a cumulative capacity of 346+ MW. The Company secured a significant order for a 145.20 MW Hybrid CPP and a 240 MW DC bid from GUVNL under the IPP Segment. The total order book stands at 541+ MW, moving closer to the 1000 MW target by 2025. Consolidated net profit for H1FY24 is Rs 68.01 crore, a 57% increase from H1FY23. Quarterly EPS for H1FY24 is Rs 18.82, compared to Rs 12.01 in H1FY23. External rating reaffirmed at [ICRA]A- (Stable) for the long term. Long-term borrowings increased by Rs 27.45 crore from Rs 409.12 crore on March 21, 2023, to Rs 436.57 crore on September 30, 2023, primarily for the capex of the Hybrid plant, leading to a corresponding Rs 61.26 crore increase in fixed assets. Result PDF
Electric Utilities company KPI Green Energy announced Q1FY24 results: During the Q1FY24, on a Consolidated basis, the Company has energised a total of 26.50 MW and has bagged the single largest order of Hybrid CPP of 40 MW. During Q1FY24, the Company achieved an extraordinary milestone of energising 7 wind turbines at a virgin location in South Gujarat including 1 turbine of its own for the Hybrid IPP Project. In comparison the Q1FY23, the consolidated CPP Sales of Q1FY24, grew 42% from Rs 103.01 crore (Q1FY23) to Rs 146.98 crore (Q1FY24), while that under the Independent Power Producer (IPP) grew by 118% from Rs 19.33 crore (Q1FY23) to Rs 42.10 crore (Q1FY24). The Consolidated Total Revenue reported has increased by 55% from Rs 122.81 crore in Q1FY23 to Rs 190.57 crore in Q1FY24. The consolidated net profit for Q1FY24 is reported at Rs 33.26 crore as against that of Rs 22.23 crore in Q1FY23 which shows an increase of 49%. As a result of growth in net profit, the Company has recorded a quarterly EPS of Rs 9.20 in Q1FY24 with that of Q1FY23 at Rs 6.15. The external rating of the Company has been reaffirmed at [ICRA]A- (Stable) for the long term at an enhanced rated amount. Result PDF
Conference Call with KPI Green Energy Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Electric Utilities company KPI Green Energy announced Q4FY23 & FY23 results: The YoY growth on a consolidated basis, soared by 179% from Rs 23,151 Lakh to Rs 64,703 Lakh and it also registered a quarterly growth from Rs 17,966 Lakh to Rs 18,441 Lakh as compared to Q3FY23 On a standalone basis, the growth reported was 123% from Rs 22,050 Lakh to Rs 49,076 Lakh. On a quarterly comparison, the revenue went from Rs 14,005 Lakh to Rs 9,759 Lakh as compared to Q3FY23 The net consolidated cash generated from operating activities, grew substantially by 56 % from Rs 10,238 Lakh to Rs 15,938 Lakh. The Earning Per Share for the FY 22-23, has escalated northwards at Rs 30.33 as against that of Rs 11.97 (post adjustment of bonus shares issuance), which is 2.53 times of the previous financial year thereby projecting a healthy Return On Equity at 42.51% compared to 28.13% of previous financial year. The YoY consolidated EBITDA grew from by 91% from Rs 11,035 Lakh to Rs 21,125 Lakh whereas EBITDA margins moved from 47.67% to 32.65% which is primarily attributed to the change in the revenue mix between CPP and IPP segments from 75:25 in FY 21-22 to 85:15 in FY 22-23 Result PDF