KPI Green Energy shares experienced a significant rise of over 4% on January 2, 2024, ahead of the ex-bonus date scheduled for January 3, 2025. This marks six consecutive sessions of gains for the stock, with an overall increase of more than 10% during this period.
KPI Green Energy: Bonus Share Details
The company recently announced a bonus issue in a 1:2 ratio, meaning shareholders will receive one bonus equity share for every two fully paid-up equity shares held. The record date for determining shareholder eligibility is January 3, 2025.
According to an exchange filing dated November 14, 2024, KPI Green Energy stated:
“The board of directors has considered and recommended the issue of bonus equity shares in the proportion of 1:2, i.e., one bonus equity share of ₹5 each for every two existing equity shares of ₹5 each, fully paid up, held by the shareholders as on the record date.”
Bonus shares are a cost-free reward to shareholders, issued in a predetermined ratio such as 1:2 or 1:1. These shares are generated by capitalising on the company’s reserves or surplus, including retained earnings or securities premiums, and are aimed at rewarding long-term investors.
Stock Split and Financial Highlights
Earlier in 2024, KPI Green Energy initiated a stock split, dividing one equity share with a face value of ₹10 into two shares of ₹5 each. This move aimed to enhance share liquidity and accessibility for retail investors.
Q2 FY25 Financial Performance
- Revenue: The company recorded a significant revenue jump, reaching ₹359.7 crore compared to ₹215.1 crore in the same quarter of the previous fiscal year.
- Net Profit: Net profit more than doubled, soaring to ₹69.8 crore from ₹34.7 crore.
This robust financial performance highlights KPI Green Energy’s operational efficiency and growing market presence in the renewable energy sector.
Stock Price Performance
KPI Green Energy stock reached an intra-day high of ₹865.65 on January 2, 2024, reflecting a 4.4% rise. Despite being 22% below its August 2024 peak of ₹1,116, the stock has surged nearly 83% from its 52-week low of ₹453.89, recorded in January 2024.
- Last Year: Shares have gained 77% over the past year.
- Recent Growth: The stock added 5% in the first two trading sessions of January 2025 and has been rising for three consecutive months.
Company Overview
Founded in 2008 as KPI Global Infrastructure, KPI Green Energy has grown into a prominent player in the solar energy sector under its brand name “Solarism.” The company’s key operations include:
- Independent Power Producer (IPP): Generating solar power for utility and private buyers.
- Captive Power Producer (CPP): Assisting businesses in setting up solar power plants.
- Operations & Maintenance (O&M): Offering comprehensive management services for solar power facilities.
Conclusion
KPI Green Energy’s strong financial performance, strategic bonus issue, and commitment to solar energy innovation continue to enhance its market value and investor appeal. With a growing focus on renewable energy, the company’s stock remains a promising asset for investors.
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