Net profit of K.P. Energy rose 185.27% to Rs 15.49 crore in the quarter ended March 2023 as against Rs 5.43 crore during the previous quarter ended March 2022. Sales rose 37.99% to Rs 148.45 crore in the quarter ended March 2023 as against Rs 107.58 crore during the previous quarter ended March 2022.

For the full year,net profit rose 140.39% to Rs 43.92 crore in the year ended March 2023 as against Rs 18.27 crore during the previous year ended March 2022. Sales rose 74.86% to Rs 437.82 crore in the year ended March 2023 as against Rs 250.38 crore during the previous year ended March 2022.

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K.P. Energy will hold a meeting of the Board of Directors of the Company on 19 May 2023.

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The development would be done across multiple regions including India, Middle East, Africa, Asia Pacific, America, and Europe.

The agreement involves the utilization of respective expertise of both the parties to identify and execute renewable energy projects, such as wind, solar, green hydrogen, and green ammonia projects.

K.P. Energy is primarily engaged in development of Balance of Plant of wind power projects and allied services related to it along with generation of electricity through its own wind power generating assets and operation and maintenance services of BoP of wind power projects primarily in India.

The company reported 69.4% jump in consolidated net profit to Rs 11.74 crore on 52.2% surge in net sales to Rs 108.25 in Q3 FY23 over Q3 FY22.

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K.P. Energy has fixed 10 March 2023 as record date for determining the eligibility of Shareholders for the purpose of sub-division/split of equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 2 (Two) equity shares having face value of Rs. 5/- (Rupees Five only) each fully paid-up.

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