Electric Utilities firm KPI Green Energy announced Q3FY23 results: Q3FY23 & 9MFY23: During the Q3FY23, on a consolidated basis, under the CPP Segment, the company has energised a total 27.01 MW and has bagged orders for 40.10 MW with the cumulative consolidated capacity energised as at the end of Q3FY23 at 130.40 MW. The company signed PPAs for sale of 13.80 MW of solar power with a major one from TATA Motors Passengers Vehicles Limited (A subsidiary of TATA Motors Limited) at 7.50 MW, and rest from other corporates, under its IPP Segment. Currently the company has 100+ MW of consolidated cumulative orders on hand under Captive Power Project (CPP) including those under Hybrid Project and 53+ MW consolidated cumulative PPAs (including those towards Hybrid Project) on hand as on 31st Dec 2022 and are in various stages of execution. Q3FY23, has also witnessed advance in revenue from operations as well as profit margins. The third quarter of FY23 has maintained the trend of growth from the last two quarters of FY23, whereby the total revenue of the company has registered substantial growth in terms of revenue from operations from Rs 6,240 lakhs in Q3FY22 to Rs 17,966 lakhs in Q3FY23, thereby reflecting an awesome growth of 188% YoY basis and 12% compared to the previous quarter Q2FY23 and that of 46% compared to Q1FY23. The total revenue reported for the 9MFY23 is at Rs 46,262 lakhs vis-à-vis Rs 15,579 lakhs during the corresponding 9M FY22 which is 197% increase on 9-month comparisons. The Sales of Captive Power Project (CPP) grew from Rs 4,651 lakhs in Q3FY22 to Rs 15,154 lakhs in Q3FY23, demonstrating a splendid incremental growth of 226%. The revenue from Sales of Power (IPP) enhanced from Rs 1,521 lakhs in Q3FY22 to Rs 2,695 lakhs in Q3FY23 depicting a growth of 77%. The IPP revenue for Q3FY23 improved to stand at Rs 2,695 lakhs vis-à-vis Rs 17,14 lakhs during Q2FY23. This has been mainly due to the improved power generation on account of better radiation with the departure of the monsoon season. The 9MFY23 stood at Rs 6,342 lakhs vis-à-vis Rs 3,919 lakhs in 9M FY22 due to increase in IPP capacities. The consolidated net profit for the current quarter increased significantly at Rs 3,446 lakhs being 19.18% of total revenue as against that of Rs 1,314 lakhs being 13.21% in Q3FY22. The 9MFY23 consolidated net profit stands at an all-time high of Rs 7,785 lakhs, vis-à-vis Rs 3,338 lakhs in 9MFY22. As a result of record high growth in the net profit, the company has recorded an EPS of Rs 19.07 in Q3FY23 with that of 9MFY23 at Rs 43.09. Tax Expense is being computed considering the impact of energisation of IPP Projects during the financial year and the reasonable impact of annualized deferred tax liabilities and tax provisions for those projects has also been taken into account and recorded during the current quarter. Result PDF
KPI Green Energy announced Q2FY23 results: In comparison to previous reporting periods, the second quarter of FY23 has continued the growth saga of the first quarter of FY23. The total Revenue of the Company has augmented from Rs 57.70 crore in Q2FY22 to Rs 160.14 crore in the current Quarter thereby reflecting an enormous growth of 178% YoY basis and 30% compared to the previous quarter Q1FY23 The total revenue reported under H1FY23 is at Rs 282.96 crore vis-à-vis Rs 93.40 crore during the corresponding half year in FY22 which is 203% increase on H1 comparisons The consolidated net profit for the current quarter is reported at Rs 21.16 crore as against that of Rs 12.26 crore as in Q2FY22 which reports an increase of 73% The H1FY23 consolidated Net Profit stands at Rs 43.39 crore, which is more than double of the same during H1FY22 and also stands higher than the annual numbers of FY22 As a result of growth in net profit, the Company has recorded an EPS of Rs 11.71 in Q2FY23 with that of H1FY23 at Rs 24.02 Result PDF
Electric Utilities firm KPI Green Energy announced Q1FY23 Result : The rating agency ICRA Ltd. has upgraded the Company’s rating from [ICRA]BBB+ (Positive)/[ICRA]A2 to [ICRA]A- (Stable)/[ICRA]A2+. Currently the company has 86+ MW of consolidated cumulative orders on hand under Captive Power Project (CPP) and 19+ MW consolidated cumulative PPAs on hand as on 30.06.2022 are in various stages of execution. For the Q1FY23, we have retained continuous growth in revenue from operations as well as profit margins. In comparison to previous reporting periods, this first quarter of FY 2023 has been a strong start. The total Revenue of the Company has augmented from INR 35.70 Crs in Q1FY22 to INR 122.81 Crs in the current Quarter thereby reflecting an enormous growth of 244% YoY basis and 162% compared to Q4FY22. The Sales of Captive Power Project (CPP) grew from INR 20.15 Crs to INR 103.01 Crs, YoY, demonstrating an incremental growth of 411%. The revenue from Sales of Power (IPP) rose from INR 13.84 Crs to INR 19.33 Crs, YoY, depicting a growth of 40%. The consolidated net profit for the current period increased by 178%, or INR 22.23 Crs, compared to INR 7.99 Crs for Q1FY22. Additionally, the net profit for the current quarter improved on a QoQ basis by 126%, from INR 9.85 Crs to INR 22.23 Crs. As a result of growth in net profit, the Company has recorded an EPS of INR 12.31 Crs being 279% of that recorded in Q1FY22 Result PDF