Kirloskar Oil Engines Soars to New Profit Heights

Kirloskar Oil Engines Limited has reported a 48% increase in standalone net profit, reaching Rs 98 crore for the September 2024 quarter. The company saw a 13% rise in net sales and a 35% surge in EBITDA compared to the previous fiscal year, reflecting strong demand and strategic transitions.

Kirloskar Oil Engines Limited has announced a remarkable 48% jump in standalone net profit, totaling Rs 98 crore for the September 2024 quarter. This significant growth comes as the company's net profit in the comparable quarter of the previous fiscal year was merely Rs 66 crore.

The company reported a 13% increase in net sales, reaching Rs 1,184 crore, as compared to Rs 1,047 crore in the same period last year. Additionally, its EBITDA saw a considerable 35% rise year-on-year to Rs 148 crore, with margins extending to 12% from the previous 10% in the comparable quarter of FY24.

Managing Director Gauri Kirloskar highlighted that the quarter marked a steady progression with substantial demand from the infrastructure and construction sectors. For the first quarter of the latest emission norm transition, the B2B segment saw a 17% growth, while the B2C segment experienced a 13% decline amid a planned plant transition. Kirloskar also announced the completion of a new manufacturing facility at Sanand, Gujarat, consolidating five locations in Ahmedabad into one.

(With inputs from agencies.)