 "KPI Green Energy Q3 results: Net profit up 47% at Rs 50 cr, revenue doubles")
KPI Green Energy Ltd on Wednesday posted a 47 per cent rise in consolidated net profit to Rs 50.60 crore in the December quarter, supported by higher income.
It had clocked a net profit of Rs 34.45 crore in the year-ago period, the company said in an exchange filing.
The company's total revenue surged to Rs 331.32 crore over Rs 179.66 crore a year ago.
Its expenses stood at Rs 259.55 crore in the third quarter of the ongoing fiscal, as against Rs 137.11 crore a year ago.
KPI Green Energy Ltd (Formerly known as KPI Global Infrastructure Ltd), is the solar and hybrid vertical of KP Group.
The Gujarat-based company develops, builds, owns, operates and maintains solar and hybrid power plants through as an Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP).
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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