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Kirloskar Industries Ltd

Company details

1,969.10
2,031.00
1,182.00
2,175.00
6M Return 40.84%
1Y Return 33.07%
Mkt Cap.(Cr) 1,987.94
Volume 64
Div Yield 0.49%
OI
-
OI Chg %
-
Volume 64

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Kirloskar Industries Ltd.

Q2FY23 Quarterly Result Announced for Kirloskar Industries Ltd.

Kirloskar Industries announced Q2FY23 results:

  • Consolidated:
    • Total income at Rs 1,812.1 crore for Q2FY23 vs Rs 992.1 crore for Q2FY22; 83% increase YoY
    • PBT at Rs 182.4 crore for Q2FY23 vs Rs 187.1 crore for Q2FY22; 3% decrease YoY
    • PAT at Rs 130.8 crore for Q2FY23 vs Rs 134.7 crore for Q2FY22; 3% decrease YoY
    • Total income at Rs 3,326.7 crore for H1FY23 vs Rs 1,824.0 crore for H1FY22; 82% increase YoY, please note that H1FY23 included the performance of our step-down subsidiary ISMT Ltd
    • PBT at Rs 309.7 crore for H1FY23 vs Rs 375.9 crore for H1FY22; 18% decrease YoY
    • PAT at Rs 233.7 crore for H1FY23 vs Rs 275.7 crore for H1FY22; 15% decrease YoY
  • Standalone:
    • Total income at Rs 56.5 crore for Q2FY23 vs Rs 55.5 crore for Q2FY22; 2% increase YoY
    • PBT at Rs 50.9 crore for Q2FY23 vs Rs 49.5 crore for Q2FY22; 3% increase YoY
    • PAT at Rs 42.1 crore for Q2FY23 vs Rs 37.3 crore for Q2FY22; 13% increase YoY
    • Total Income at Rs 65.2 crore for H1FY23 vs Rs 63.8 crore for H1FY22; 2% increase YoY
    • PBT at Rs 54.3 crore for H1FY23 vs Rs 53.1 crore for H1FY22; 2% increase YoY
    • PAT at Rs 44.5 crore for H1FY23 vs Rs 40.1 crore for H1FY22; 11% increase YoY

Commenting on the Q2 and H1 results, Mr. Mahesh Chhabria, Managing Director, KIL, said “This was a good quarter for Kirloskar industries as we moved ahead on our business plan. We divested our holding in Swaraj Engines Ltd this quarter. We plan to invest the proceeds from this transaction in our business and group companies/subsidiaries, in the due course. Our real estate venture Avante Spaces Ltd. is moving ahead as planned. Also, Kirloskar Ferrous Industries and ISMT announced the merger last week. We are positive on the business prospects of both subsidiaries.”

Result PDF

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,328.52 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,871.26 -28,732.63
LAST 3M 35,065.84 -30,146.79
LAST 6M 57,360.50 38,576.46
LAST 12M 186,944.70 -113,961.48

INFORMATION

Stock PE (TTM)

12.22

Promoter Holding

72.36%

Book Value

2750.1329

ROCE

21.65%

ROE

15.52%

Description

  • Kirloskar Oil Engines Limited (KOEL), a manufacturer of the widest range of Diesel Engines in India was incorporated on 13th June 1978. KOEL is acknowledged leader in Engines, Engine Bearings, Engine Valves, Diesel Generating Sets, and Grey Iron Castings. Product range of the company includes Diesel Engines, Irrigation Pumpsets, Diesel Generating Sets, Engine Bearings and Engine Valves and Grey Iron Castings. The Company`s engines are the preferred choice when it comes to powering Agricultural Machinery, Construction & Material Handling Machinery, Marine applications and equipment used by Armed Forces (Military). KOEL`s Diesel Generating Sets in the range 2 Kva to 6 MW are preferred by the industry at large, households and the service sector comprising of banks, telecommunication establishments, commercial use buildings, hotels and restaurants. Similarly, Engine Bearings and Engine Valves are the chosen ones for OEM use in automobiles and other engines. For manufacturing all the above said products, the company has plants in different places, such as Khadki and Phursungi in Pune, Nasik, Ahmednagar, Rajkot and Kagal. In 1979, the company had obtained a licence to manufacture engines up to 3000 hp in collaboration with SEMT Pielstick, France and also in the same year KOEL introduced Aluminium Tin Bearings in the market. KOEL had signed a collaboration agreement with Deutz AG in the year 1989 for manufacturing air-cooled engines under technical licence. In the year 1991, the company specially developed 45 types of engine bearings and bushes; the same was exported to MIBA Glietlager AG, Austria by KOEL`s Auto Components Division. KOEL`s Auto Components Division became the first Indian company in the bearings industry to receive an ISO 9001 certification in the year 1993. The company had acquired crankcase machining in line facility for Pielstick engines during the year 1994 and also in the same year KOEL manufactured the first PA series heavy fuel engines in India - the first such series designed by SEMT Pielstick. In 1996, R1040 series of water-cooled engines (15-125 hp) developed at KOEL`s Techcentre and Kirloskar Middle-East established in Ajman, U.A.E. As at August 1997, Kirloskar Filters Ltd was merged with the company. A new company Kirloskar Knecht Filters Ltd was formed in October of the same year. Launched A17X half bearings and also during the identical year of 1997, Kirloskar Briggs & Stratton Power Equipment Pvt. Ltd was established in collaboration with Briggs & Stratton, U.S.A., for the manufacture of petrol/kerosene engines, gensets and pumpsets. Oracle Enterprise Resource Planning system goes on-line in the company`s environment during the year 1998. The Khadki plant was certified an ISO-14001 for Environment Management System in November of the year 1999. During the year 2001-02, the company had received noteworthy orders for re-power of defence vehicles, and also for supply of engines for Indian Navy ships. Additionally, your company has been awarded a contract to study the feasibility of re-powering certain Naval Ships. KOEL had successfully developed five new engines in the year 2002 that meet the requirements of the OE customers and end users, which not only surpass Indian emission norms, but also meet norms for off road use in United States to Tier I norms and are capable of Tier II up-gradation as it became necessary. Kirloskar power supply company Ltd amalgamated with the company on 26th March of the year 2003. The company`s fourteen engines were approved by Emission Protection Agency (EPA) in the year 2003-04, the highest number of approvals given as on date to any engine manufacturer in India. During the year 2004-05, the company had delivered two marine engines in range 1600 to 11000 hp and nine generating sets. KOEL had entered into an agreement with Zorya of Ukraine, a reputed manufacturer of gas turbines in the period of 2005-06 to package turbines and offer distributed power generation solutions in 2.5 to 40 MW class. During the year 2006-07, the company introduced `Kirloskar green` generating sets in 3 potential countries. The Company had invested in a Greenfield project at Kangal, near Kolhapur in Maharashtra during the year 2007-08. The project includes an export oriented unit to manufacture silent generating sets for global customers. The Company successfully upgrades all engines to the required emission standards in year by year and is able to continue supply of the engines to the customers. KOEL gearing up to meet emission norms currently applicable to industrial engines in Europe and in India by 2011 well ahead of time and is getting prepared to meet new emission norms expected to be announced for power generation products in India.

Registered Address

Office No 801 Cello Platina, Shivajinagar, Pune, Maharashtra, 411005

Tel : 91-20-2970 4374
Email : investorrelations:kirloskar.com
Website : http://www.kil.net.in / www.kirloskar.com

Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500243
NSE Code : KIRLOSIND
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE250A01039

ICICIdirect Kirloskar Industries Ltd FAQ

You can buy Kirloskar Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kirloskar Industries Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 03, 2023 04:01 PM the closing price of Kirloskar Industries Ltd was ₹ 2,026.65.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 03, 2023 04:01 PM, the market cap of Kirloskar Industries Ltd stood at ₹ 1,987.94.
The latest PE ratio of Kirloskar Industries Ltd as of Feb 03, 2023 04:01 PM is 12.22
The latest PB ratio of Kirloskar Industries Ltd as of Feb 03, 2023 04:01 PM is 1.38
The 52-week high of Kirloskar Industries Ltd is ₹ 2,175.00 while the 52-week low is ₹ 1,182.00

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