KP Energy Reports 9.8% Jump In Total Income In FY24, Profit Rises Too

KP Energy Reports 9.8% Jump In Total Income In FY24, Profit Rises Too

Indian power company KP Energy released its financial results for FY24 and Q4 results today. In its latest public disclosure before the Bombay Stock Exchange (BSE), the firm reported a 9.8% jump in its total income. 

The audited consolidated financial results of the firm said that while in FY23 it witnessed a total income of Rs 44,238 lakh, its total income increased to Rs 48,554 lakh by the end of FY24, reporting a 9.8% jump in its total income.

If we go by the Q4 results, KP Energy also reported a rise in its total income in Q4. While the total income in Q4 in FY23 stood at Rs 15,109 lakh, it touched Rs 21, 740 lakh in Q4 of FY24, reporting a 44% rise in income. On a quartet basis, the company saw a rise of total income from Rs 8,331 lakh to Rs 21,740 lakh, reporting a rise of 160%. 

Despite an increase in the overall expenses, KP Energy was able to increase its profits, the details furnished by the company said. While the profits in FY23 stood at Rs 4,390.82 lakh, it increased to Rs 5,832.21 lakh in FY24, reporting a rise of jump of 33% in its annual profits. 

On the other hand, the company also witnessed a rise in its profits on a quarterly basis. While the total profits in Q3 of FY24 stood at Rs 925.61 lakh, it increased to Rs 2489.70 lakh in Q4 of FY24. On a yearly basis, KP Energy’s income in Q4 increased from Rs 1548.33 lakh in FY23 to Rs 2489.70 in Q4 of FY24.

The Board of Directors of the firm also announced a final dividend of 2 percent. “..(the board) Recommended Final Dividend at 2% i.e. Re. 0.10 (Ten Paisa only) per equity share of the face value of Rs.5/- each for the financial year 2023-24, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company,” a statement of the firm said.