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Kirloskar Oil Engines Ltd

Company details

293.35
316.55
122.60
371.65
6M Return 90.48%
1Y Return 82.62%
Mkt Cap.(Cr) 4,512.52
Volume 185,659
Div Yield 1.28%
OI
-
OI Chg %
-
Volume 185,659

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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. "

 

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: 2,081.65 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,798.25 -25,291.97
LAST 3M 27,044.95 -25,544.90
LAST 6M 49,131.67 47,902.81
LAST 12M 178,925.96 -114,950.83

INFORMATION

Stock PE (TTM)

17.01

Promoter Holding

59.44%

Book Value

150.6988

ROCE

9.55%

ROE

8.54%

Description

  • Kirloskar Oil Engines Ltd was incorporated on January 12, 2009 as a public limited company with the name Kirloskar Engines India Ltd. The company was incorporated with an object of taking over of the carrying on the business of manufacturing, trading and/ or dealing in engines, engine spares, pumps, generating sets and oils used therein, bimetal bearings, bushes and bimetal strips. The name of subsidiary company:Kirloskar Brothers Investments Limited, Pooja Credits Priviate Limited, Nalanda India Fund Limited. As per the scheme of arrangement between the company and the erstwhile Kirloskar Oil Engines Ltd, the demerged undertaking of the erstwhile Kirloskar Oil Engines Ltd (now known as Kirloskar Industries Ltd) vested with the company retrospectively with effect from April 1, 2009 (the appointed date). The said scheme became effective from March 31, 2010. The demerged undertaking comprises of the business of manufacturing, trading and/ or dealing in engines, engine spares, pumps, generating sets and oils used therein, bimetal bearings, bushes and bimetal strips and comprises of all the assets (whether moveable or immovable, tangible or intangible, real or personal, present, future or contingent) and liabilities, which relate thereto or are necessary therefore, including the items specifically set out in detail in the scheme of arrangement. The company changed their name from Kirloskar Engines India Ltd to Kirloskar Oil Engines Ltd with effect from June 2, 2010. The company`s equity shares were listed on the Bombay Stock Exchange Ltd (BSE), Mumbai and National Stock Exchange of India Ltd (NSE), Mumbai with effect from December 24, 2010. During the year 2010-11, the company launched K-1080 engine covering 140 to 160 kVA. The company was selected jointly by Maratha Chamber of Commerce, Industries and Agriculture (MCCIA) and Rotary Club of Poona West, for their newly introduced `Best Employees Response Award` in large industry category, Pune. In March 2011, the company entered into a license agreement with Daihatsu Diesel Manufacturing Company Ltd, Japan, for manufacture of diesel engines in range of 610 KW to 2560 KW, to cater to the Commercial Marine Market segment. In May 2011, Kirloskar Brothers Investments Ltd (KBIL) acquired shares of the company from the promoters through Interse transfer of shares amongst the group through market and the share holding of KBIL in the company has gone up from 38.06% to 41.84%. Pooja Credits Pvt Ltd (PCPL), which is a wholly owned subsidiary of KBIL, holds 8.76% in the company. Consequently, the company became a subsidiary company of KBIL. In September 2011, the company received an order of Rs 396 crore from Nuclear Power Corporation of India Ltd for the supply of 16 nos emergency Diesel Generating sets of 4.2 MW each. This order is to be executed over next 42 months. The company decides to hive off of the Bearing Business Division (BBD) consisting of two units located at Pune and Ahmednagar. In the year 2012, the company achieved sales of Rs 2,276 crores as against the Rs2,364 crores in the previous year. The company has continued with the K1080 programme and substituted 4 cylinder engines in place of 6 cylinder engines in the 100 to 125 KVa power range. The company entering a new market segment in india i.e. portable diesel genset has been completed and its planned markek launch is currently underway.

Registered Address

Laxmanrao Kirloskar Road, Khadki, Pune, Maharashtra, 411003

Tel : 91-20-25810341
Email : investors:kirloskar.com
Website : http://www.koel.co.in

Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 533293
NSE Code : KIRLOSENG
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE146L01010

ICICIdirect Kirloskar Oil Engines Ltd FAQ

You can buy Kirloskar Oil Engines Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kirloskar Oil Engines Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 31, 2023 04:01 PM the closing price of Kirloskar Oil Engines Ltd was ₹ 312.00.
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 Jan 31, 2023 04:01 PM, the market cap of Kirloskar Oil Engines Ltd stood at ₹ 4,512.52.
The latest PE ratio of Kirloskar Oil Engines Ltd as of Jan 31, 2023 04:01 PM is 17.01
The latest PB ratio of Kirloskar Oil Engines Ltd as of Jan 31, 2023 04:01 PM is 0.48
The 52-week high of Kirloskar Oil Engines Ltd is ₹ 371.65 while the 52-week low is ₹ 122.60

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