KPI Green Energy net profit rises to Rs 50 cr in Q3

New Delhi: 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 a service provider to Captive Power Producers (CPP).