KP Group, a prominent name in India’s renewable energy landscape, has delivered an exceptional financial performance for the financial year 2024-25, reporting record-breaking revenues and profits that underscore its operational excellence and strong growth trajectory.
KP Group’s headquarter is situated in Surat, the Group encompasses three listed entities—KPI Green Energy Limited, KP Energy Limited, and KP Green Engineering Limited—which collectively posted a consolidated revenue of Rs. 3,415 crore, reflecting a remarkable 82.7% increase from Rs. 1,868 crore in FY 2023-24. The combined Profit After Tax (PAT) across the three companies surged by an impressive 101.6%, rising from Rs. 255 crore to Rs. 514 crore. This robust financial outcome is attributed to efficient project execution, operational efficiencies, and the increasing demand for renewable energy infrastructure. The financial results of all three entities were announced on Wednesday.
Stating on this phenomenal performance, Dr. Faruk G. Patel, Chairman and Managing Director of KP Group, said,
“The financial year 2024-25 has been a landmark year for KP Group. The exceptional growth across all our companies validates our long-term vision, operational excellence, and commitment to India’s renewable energy goals. With strategic partnerships, cutting-edge capabilities, and a rapidly growing project pipeline, we are well on track to achieve our ambitious target of 10 GW capacity by 2030 and strengthen our position as a key player in India’s clean energy future.”
The Group’s market strength is further evident in the combined market capitalization of its three listed companies, which now stands at Rs. 13,935 crore. Among them, KPI Green Energy leads with a market cap of Rs. 8,600 crore, followed by KP Energy Limited at Rs. 2,921 crore, and KP Green Engineering at Rs. 2,414 crore.
Breaking down the performance of individual companies, KPI Green Energy Limited—the solar energy arm of KP Group—achieved a 70% increase in revenue, rising from Rs. 1,031 crore in the previous year to Rs. 1,755 crore in FY 2024-25. The company also recorded a 101% jump in PAT, reaching Rs. 325 crore compared to Rs. 162 crore last year. KPI Green Energy currently boasts over 950 MW of installed capacity and has secured more than 2.95 GW of orders. It has also signed Memorandums of Understanding (MoUs) with the state governments of Odisha, Rajasthan, and Madhya Pradesh for the development of large-scale renewable energy projects, further solidifying its leadership in the solar sector.
KP Energy Limited, the Group’s arm specializing in balance of plant (BoP) solutions within the renewable space, posted revenue of Rs. 958 crore, marking a 97% rise from Rs. 486 crore in FY 2023-24. The company also nearly doubled its PAT, which increased from Rs. 58 crore to Rs. 115 crore. KP Energy currently manages a renewable energy portfolio exceeding 3.26 GW, along with an operations and maintenance (O&M) portfolio of more than 546 MW.
KP Group is actively exploring offshore wind energy opportunities in both Gujarat and Tamil Nadu, and holds the distinction of being the first company in India to harness the wind energy potential of South Gujarat.
Meanwhile, KP Green Engineering Limited which provides integrated engineering and manufacturing solutions for sustainable renewable energy infrastructure, recorded a revenue of Rs. 702 crore—a 99% increase from Rs. 352 crore in the previous year. Its PAT also grew significantly, rising by 111% from Rs. 35 crore to Rs. 74 crore. This growth underscores the company’s expanding capabilities in the field of green infrastructure manufacturing and its execution excellence.
While looking ahead, KP Group has laid out ambitious plans to continue its aggressive expansion across solar, wind, hybrid, and offshore renewable energy projects. With more than 1.8 GW of capacity already installed and an additional 3.8 GW of projects in the pipeline, the Group is well-positioned to maintain strong revenue visibility and sustained profitability. KP Group remains steadfast in its mission to build resilient and sustainable energy ecosystems, thereby contributing meaningfully to India’s clean energy transition and generating long-term value for all stakeholders involved.
