Kirloskar Oil Engines Ltd.
Q2FY23 Quarterly Result Announced for Kirloskar Oil Engines Ltd.
Kirloskar Oil Engines announced Q2FY23 results:
- Q2FY23(Standalone):
- Net sales at Rs 998.4 crore for Q2FY23 vs Rs 817.8 crore for Q2FY22; 22% increase YoY and 6% increase QoQ
- EBITDA at Rs 115.3 crore for Q2FY23 vs Rs 66.6 crore for Q2FY22; 73% increase YoY and 12% increase QoQ
- EBITDA margin at 11.4% for Q2FY23 vs 8.1% for Q2FY22 and 10.9% for Q1FY23
- Net profit at Rs 72.6 crore for Q2FY23 vs Rs 38.7 crore for Q2FY22; 87 % increase YoY and 12% increase QoQ
- Cash and cash equivalents of Rs 193 crore
- H1FY23(Standalone):
- Net sales at Rs 1,942.2 crore for H1FY23 vs Rs 1,457.0 crore for H1FY22; 33% increase YoY
- EBITDA at Rs 218.8 crore for H1FY23 vs Rs 116.1 crore for H1FY22; 88% increase YoY
- EBITDA margin at 11.1% for H1FY23 vs 7.9% for H1FY22
- Net profit at Rs 137.2 crore for H1FY23 vs Rs 63.2 crore for Q2FY22; 117% increase YoY
- Q2FY23 (Consolidated):
- Revenue from operation at Rs 1,228.1 crore for Q2FY 23 vs Rs 1,001.4 crore for Q2FY22; 23% increase YoY and 3% increase QoQ
- Net profit at Rs 82.5 crore for Q2FY23 vs Rs 41.7 crore for Q2FY22; 98% increase YoY and 1% increase QoQ
- H1FY23 (Consolidated):
- Revenue from operation at Rs 2,419.5 crore for H1FY23 vs Rs 1,822.3 crore for H1FY23; 33% increase YoY
- Net profit at Rs 164.6 crore for H1FY23 vs Rs 74.0 crore for H1FY23; 122% increase YoY
Commenting on the Q2 results, Gauri Kirloskar, Managing Director, KOEL, said "This was a promising quarter for us. Our performance reflects on the positive macro factors we have been talking about and also our team's execution capabilities. We have realigned our business verticals to take advantage of the market opportunities present within and outside India. As we gear up for the 2x 3Y strategy at KOEL, I am confident about our team's dedication and capabilities in delivering the promise. "