KPI Green Energy Ltd. saw its shares tumble by 9% on Tuesday following the resignation of its Chief Financial Officer (CFO), Salim Yahoo, and a reported 14% year-over-year decrease in consolidated net profit for the June quarter.
Salim Yahoo tendered his resignation, citing personal family emergencies, effective August 11, 2026. He expressed commitment to ensuring a smooth transition of responsibilities. Following his departure, Kapil Kriplani has been approved as the new Group Chief Financial Officer for the company, also effective August 11, 2026.
Q1 Financial Performance
The company's consolidated net profit for the June quarter stood at Rs 95 crore, a significant drop from Rs 111 crore recorded in the same period last year. KPI Green attributed this decline to geopolitical and cost pressures, alongside elevated depreciation and financing costs.
Despite the dip in profit, KPI Green Energy reported a 15% increase in consolidated revenue from operations, reaching Rs 694 crore in Q1, up from Rs 603 crore a year prior. This growth was driven by sustained execution momentum across its renewable energy portfolio and a stronger contribution from its core business verticals.
EBITDA Growth Amidst Challenges
The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 21% to Rs 262 crore for the quarter, with the EBITDA margin improving to 37% from 35% year-over-year. KPI Green stated that greater operating scale, favorable operating leverage, and disciplined cost management contributed to this EBITDA growth, even as it navigated financial headwinds.
The market reacted sharply to the news, with the stock falling to a low of Rs 336 on the BSE.