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