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KP Group Posts Strong Financial Growth in FY 2024-25, Eyes 10 GW Renewable Capacity by 2030

Gujarat-based renewable energy conglomerate KP Group reported a consolidated revenue of INR 3,415 crore in FY 2024-25, marking an 82.7% increase over the previous fiscal's INR 1,868 crore. The combined Profit After Tax (PAT) of its three listed companies—KPI Green Energy Ltd., KP Energy Ltd., and KP Green Engineering Ltd.—more than doubled, rising 101.6% from INR 255 crore to INR 514 crore, driven by strong project execution, operational efficiency, and rising demand for renewable infrastructure.

KPI Green Energy, the solar arm, saw revenue grow 70% to INR 1,755 crore and PAT double to INR 325 crore, supported by over 950 MW installed capacity and nearly 3 GW of orders. The company has signed MoUs for large-scale projects with Odisha, Rajasthan, and Madhya Pradesh. KP Energy, a balance of plant solution provider, recorded a 97% revenue increase to INR 958 crore and nearly doubled PAT to INR 115 crore, managing a 3.26+ GW renewable portfolio and exploring offshore wind in Gujarat and Tamil Nadu. KP Green Engineering, focusing on green infrastructure manufacturing, achieved 99% revenue growth to INR 702 crore and PAT more than doubled to INR 74 crore.

KP Group’s combined market capitalization stood at INR 13,935 crore, with KPI Green Energy leading. Chairman Dr. Faruk G Patel highlighted the group’s strategic partnerships and capabilities, targeting 10 GW capacity by 2030. With 1.8 GW installed and 3.8 GW in the order book, KP Group is set for continued growth in solar, wind, hybrid, and offshore renewable projects, reinforcing its role in India’s clean energy transition.