• Tue. Feb 27th, 2024
Back-to-back upper circuit on this multibagger stock;  Reporting a 190 percent increase in net income!

In Q4FY23, the company reported a 39.99 percent increase in net sales.

Shares of KP Energy Ltd. closed in the upper circuit on Tuesday, gaining 5.00 percent. The stock has gained about 15 percent in the last one month.

The company provided excellent posts Quarterly results. The company’s revenue for FY23 increased by 37.99 percent to Rs 148.45 crore. The company’s operating profit was Rs 25.65 crore and the company’s PAT was Rs 15.77 crore, representing a year-on-year growth of 190.71 percent. The company achieved its highest ever quarterly top line in Q4FY23. Revenue from infrastructure development shows a growth of 35 percent compared to FY23.

KP Energy Limited has also supplied Multibagger returns to its shareholders. During this period, the company’s share price rose from Rs 36.48 on June 12, 2020 to Rs 217.80 on June 06, 2023, an increase of about 490 percent over the three-year holding period. And on a year-to-date basis, the stock has gained nearly 150 percent.

KP Energy Limited is a balance of plant solutions provider for the wind energy industry. The company is involved throughout the development process of wind farms from conceptualization to commissioning of the project. The company undertakes projects mainly in Gujarat.

The stock is showing tremendous growth and investors should keep a close eye on this stock.

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