KPI Green Energy (542323) Q1 24/25 earnings summary

Executive summary

• Achieved record financial performance in Q1FY25 with significant growth in revenue, EBITDA, and PAT year-over-year and quarter-over-quarter.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024.

• Interim dividend of 4% (Re. 0.20 per share) declared for FY 2024-25, record date August 21, 2024.

• Expanded installed capacity to 473+ MW, with a strong order book and ambitious growth targets toward 10 GW by 2030.

• Maintains a diversified client base and robust operational presence across Gujarat.

Financial highlights

• Consolidated Q1FY25 revenue reached ₹349.9 Cr, up 83.6% YoY; standalone revenue up 182% to ₹311.9 Cr.

• EBITDA grew 87.8% YoY to ₹132.4 Cr (consolidated); standalone EBITDA up 150.5% to ₹108.0 Cr.

• PAT increased 98.5% YoY to ₹66.1 Cr (consolidated); standalone PAT up 294.7% to ₹52.5 Cr.

• EPS (consolidated) at ₹10.97, up from ₹6.14 in Q1 last year; standalone at ₹8.71.

• Market capitalization stood at ₹11,635 Cr as of August 7, 2024.

Outlook and guidance

• Targeting 10 GW installed capacity by 2030, with 2.33+ GW orders in hand.

• Focus on expanding hybrid solar-wind projects and increasing geographical diversification.

• Management highlights Q1 FY25 as an all-time high quarter with best-ever performance across financial metrics.