KPI Green Energy Q2 revenue up 15% year on year, but profit falls
KPI Green Energy's Q2 revenue rose 14.7% while net income fell 21%, Reuters reports, citing LSEG and company data.
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what happened
Indian renewable-energy developer KPI Green Energy lifted its consolidated revenue from operations in the second quarter by 14.7%, to INR 7.27 billion. Net income, however, dropped 21%, to INR 919.4 million, according to Reuters.
The company attributed the revenue gain to steady progress on renewable projects and a bigger contribution from its independent power producer segment. The profit decline came as finance costs and depreciation climbed on a larger asset base.
On September 26, a subsidiary acquired a 62.91% stake in DEK and Mavericks Green Energy. The company gave no specific guidance or outlook.
why it matters
The picture for investors is mixed: revenue growth points to a bigger business, but higher financing and depreciation costs are eating into earnings. Reuters notes the stock recently traded at 9 times next-12-month earnings, against a P/E of 10 three months earlier.
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- India's KPI Green Energy Q2 revenue rises 15% yr/yr, but profit falls — Reuters, 13 November 2026 at 08:32 UTC
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