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KPI Green Energy Limited performance assessment
Shares of KPI Green Energy Limited have grabbed the market’s attention today, rising 4.8% to ₹1975. This increase is attributed to the company’s first stock split announcement. The board of KPI Green Energy Limited has approved a 1:2 share split, meaning each share of stock will now be split into two shares. Shares of KPI Green Energy Limited rose 4.8% on Thursday to close at ₹1975. The company’s announcement of a 1:2 stock split was a major driving force behind this rise.
Moreover, KPI Green Energy has unveiled plans to raise up to ₹1,000 crore through Qualified Institutional Placement (QIP). The company’s shares have delivered returns of more than 140% in the past six months. In March Q3, KPI reported 35.4% growth in net profit to ₹43 crore. The company’s market capitalization now stands at ₹11,499.81 crore.
great returns
KPI Green Energy Limited has provided its investors with exceptional returns over multiple time frames.
- six months: approximately 140% efficiency
- So far (YTD):102% return
- a year:430% efficiency
- two years: More than 1,100% return
Raise money through QIP
The company’s board has approved the proposal to raise up to ₹1,000 crore by issuing shares through Qualified Institutional Placement (QIP). This proposal will now be submitted to shareholders for approval. The purpose of this strategic move is to strengthen the company’s financial condition and support its development initiatives.
Result of the March quarters
KPI Green Energy Limited reports these results for the March quarter
- net profit: Growth of 35.4% and has reached ₹43 crore
- gain: Growth of 58.6% and total is ₹289.40 crore
These strong financial results highlight KPI Green Energy Limited’s strong operational performance and development trajectory, which offers promising prospects for investors.
Implications for investors
The information about KPI Green Energy Limited is important for investors as it highlights the company’s excellent performance and future investment benefits. The stock split aims to increase liquidity and attract more investors, while the QIC will provide the necessary capital for expansion and strategic projects.
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