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

Executive summary

• Achieved record financial performance in Q1 FY25 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, and declared an interim dividend of 4% (₹0.20 per share) for FY 2024-25, with a record date of August 21, 2024.

• Installed capacity reached 473+ MW by Q1 FY25, with a strong pipeline of confirmed orders totaling 2.33+ GW.

• Maintains a diversified portfolio across IPP and CPP segments, with a growing hybrid renewable energy model.

• Statutory auditors issued limited review reports with no material misstatements or modifications noted for both consolidated and standalone results.

Financial highlights

• Consolidated Q1 FY25 revenue rose 83.6% year-over-year to ₹34,985.4 lakh (₹349.9 crore).

• EBITDA for Q1 FY25 stood at ₹132.4 Cr, an 88% increase year-over-year.

• PAT for Q1 FY25 was ₹66.1 Cr, up 99% year-over-year and 53% sequentially.

• EPS for Q1 FY25 was ₹11, up 80% year-over-year.

• Interest coverage ratio improved to 4.8x in Q1 FY25.

Outlook and guidance

• Targeting 10 GW installed capacity by 2030, with 2.33+ GW orders in hand as of August 2024.

• Focus on expanding hybrid renewable energy projects and leveraging group expertise in wind and solar.

• Management highlighted Q1 FY25 as an all-time high quarter with record performance across all financial metrics.