Kirloskar Industries Reports Strong Q1 Results with 44% Jump in Consolidated Net Profit 1 day ago Yesterday
Kirloskar Industries Limited (KIL) reported robust Q1 financial results with mixed standalone performance but strong consolidated growth. Consolidated revenue increased to ₹1,705.48 crores, net profit surged 44% to ₹95.37 crores, and EBITDA margin improved to 13.40%. Standalone performance showed a slight decline in total income but an increase in net profit. The company's iron casting segment reported revenue of ₹1,000.45 crores with a profit of ₹100.13 crores. KIL also allotted 3,425 equity shares under its employee stock appreciation rights plan and initiated voluntary liquidation of a subsidiary.
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Kirloskar Industries' Q4 financial results show a slight revenue increase to ₹17.50 billion, up 1.16% year-over-year. However, profitability declined with EBITDA falling 12.50% to ₹2.10 billion and net profit decreasing 23.53% to ₹468.00 million. Despite profit challenges, the company declared a dividend of ₹13.00 per share.