KPI reports strong Q4 FY24 profit surge in solar PV

26 Apr 2024 CW Team

During the quarter, KPI Global recorded a remarkable increase in its net profit, which surged to ?23.18 crore, marking a substantial rise of 120% compared to the same period last fiscal year. This impressive growth can be attributed to the company's strategic initiatives, operational efficiency, and strong execution capabilities in the renewable energy sector.

The company's total income also witnessed a notable uptick, reaching ?38.59 crore, representing a commendable growth of 90% year-on-year. This growth trajectory underscores KPI Global's resilience and ability to capitalize on opportunities in the dynamic renewable energy market.

Furthermore, KPI Global's earnings before interest, taxes, depreciation, and amortization (EBITDA) registered a significant improvement, standing at ?29.95 crore for the quarter, reflecting a remarkable increase of 114% year-on-year. This robust EBITDA performance underscores the company's effective cost management practices and operational excellence.

KPI Global's stellar financial results highlight its strong position in the solar PV segment and its ability to generate value for stakeholders amidst a rapidly evolving energy landscape. The company's focus on sustainable growth, innovation, and operational excellence has enabled it to capitalize on the growing demand for clean energy solutions and contribute to India's renewable energy goals.

Looking ahead, KPI Global remains committed to expanding its presence in the renewable energy sector and capitalizing on emerging opportunities in solar power generation. With a solid financial foundation, strategic vision, and a track record of success, the company is well-positioned to sustain its growth momentum and create long-term value for its shareholders.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

KPI Global Infrastructure Limited, a leading player in the solar photovoltaic (PV) segment, has announced its financial results for the fourth quarter of fiscal year 2023-24 (FY24), showcasing robust performance and significant growth in profitability. During the quarter, KPI Global recorded a remarkable increase in its net profit, which surged to ?23.18 crore, marking a substantial rise of 120% compared to the same period last fiscal year. This impressive growth can be attributed to the company's strategic initiatives, operational efficiency, and strong execution capabilities in the renewable energy sector. The company's total income also witnessed a notable uptick, reaching ?38.59 crore, representing a commendable growth of 90% year-on-year. This growth trajectory underscores KPI Global's resilience and ability to capitalize on opportunities in the dynamic renewable energy market. Furthermore, KPI Global's earnings before interest, taxes, depreciation, and amortization (EBITDA) registered a significant improvement, standing at ?29.95 crore for the quarter, reflecting a remarkable increase of 114% year-on-year. This robust EBITDA performance underscores the company's effective cost management practices and operational excellence. KPI Global's stellar financial results highlight its strong position in the solar PV segment and its ability to generate value for stakeholders amidst a rapidly evolving energy landscape. The company's focus on sustainable growth, innovation, and operational excellence has enabled it to capitalize on the growing demand for clean energy solutions and contribute to India's renewable energy goals. Looking ahead, KPI Global remains committed to expanding its presence in the renewable energy sector and capitalizing on emerging opportunities in solar power generation. With a solid financial foundation, strategic vision, and a track record of success, the company is well-positioned to sustain its growth momentum and create long-term value for its shareholders.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..