Industrial Machinery company Kirloskar Pneumatic Company announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations of Rs 490 crore for Q4FY24 as against Rs 360 crore for Q4FY23; 36% growth YoY. EBIDTA for Q4FY24 at 18% (Rs 89 Crs) as against 14% (Rs 51 Crs) for Q4 FY23; improvement of 400 bps PBT for Q4FY24 at Rs 81 crore as against Rs 42 crore for Q4FY23; 93% increase YoY. PAT for Q4FY24 at Rs 60 crore as against Rs 32 crore for Q4FY23; 88% increase YoY. FY24 Financial Highlights: Revenue from operations of Rs 1,323 crore for FY24 as against Rs 1,239 crore for FY23; 7% growth YoY EBIDTA for FY24 at 16% (Rs 213 Crs) as against 14% (Rs 177 Crs) for FY23; improvement of 200 bps PBT for FY24 at Rs 178 crore as against Rs 143 crore for FY23; 24% increase YoY PAT for FY24 at Rs 133 crore as against Rs 108 crore for FY23; 23% increase YoY EPS for FY24 at Rs 20.60 per share against Rs 16.82 per share in FY23. A final dividend @ 200% of Rs 4/- per share (in addition to interim dividend @ 125%) taking the overall dividend to Rs 6.50 per share (325%). Result PDF
Industrial Machinery company Kirloskar Pneumatic Company announced Q2FY24 & H1FY24 results: 1. Financial Results: The company reported a 15% growth in income QoQ, with revenue from operations showing a 16%+ increase over Q1FY24. However, H1FY24 revenue was lower compared to the previous year due to lower export sales. 2. Order Book: Despite the decrease in revenue, KPCL received robust order bookings with an additional order inflow of over Rs 340 crore in H1FY24 compared to H1FY23. The company's orders in hand as of September 30, 2023, amounted to Rs 1,450 crore, indicating a strong sales execution in H2. 3. Profitability: Profit before tax (PBT) for Q2FY24 was Rs 26.8 crore, a growth of 14% over Q1FY24 PBT of Rs 23.5 crore. However, for H1FY24, PBT was at Rs 50.3 crore compared to Rs 57.6 crore in the previous year, mainly due to lower sales in the export market. 4. New Product Launch: KPCL introduced the Aria range of competitively priced standard air compressors to cater to a large market that is currently dominated by imports. This new offering is expected to enhance the company's market position and increase its competitiveness. 5. Vertical Integration: With the commissioning of the Forging and Fabrication facility at Nashik, KPCL has achieved greater vertical integration and improved its competitiveness in terms of offerings and speed of execution. This will positively impact the company's operations and customer satisfaction. 6. Segment Focus: The compression business continues to contribute over 90% to the company's revenue and remains its sole reporting segment. KPCL's expertise in this area is a key driver of its overall performance. Result PDF