Heavy Electrical Equipment company Kirloskar Oil Engines announced Q3FY25 results Revenue from operations at Rs 1,454 crore for Q3FY25 vs Rs 1,391 crore for Q3FY24; 4% increase YoY Net profit at Rs 68 crore for Q3FY25 vs Rs 108 crore for Q3FY24; 37% decrease YoY Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said "This quarter was a subdued quarter for KOEL with multiple headwinds. On the B2B side, as expected, we faced muted demand in our Powergen business post the emission norms transition. On the 82C side, we have successfully completed the consolidation of 5 plants into 1, which saw some impact on production. The B2B segment grew by 3% while the B2C segment declined by 14%. The demand from infrastructure and construction sectors continues to stay strong and we have also seen a successful transition to BS Von the Industrial business. We will stay watchful of the trends developing in the power generation market and expect that demand will return to earlier levels in the next couple of quarters." Result PDF
Heavy Electrical Equipment company Kirloskar Oil Engines announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Net sales at Rs 1,184 crore for Q2FY25 vs Rs 1,047 crore for Q2FY24; 13% increase YoY. EBITDA at Rs 148 crore for Q2FY25 vs Rs 109 crore for Q2FY24; 35% increase YoY. EBITDA margin at 12% for Q2FY25 vs 10% for Q2FY24. Net profit# at Rs 98 crore Q2FY25 vs Rs 66 crore for Q2FY24; 48% increase YoY. Cash and cash equivalents* of Rs 213 crore H1FY25 Financial Highlights: Net sales at Rs 2,518 crore for H1FY25 vs Rs 2,303 crore for H1FY24; 9% increase YoY. E8ITDA at Rs 321 crore for H1FY25 vs Rs 271 crore for H1FY24; 18% increase YoY. EBITDA margin at 13% for H1FY25 VS 12% for H1FY24. Net profit at Rs 215 crore H1FY25 vs Rs 175 crore for H1FY24; 22% increase YoY. Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said: "This was a steady quarter for KOEL, marking the first quarter of the CPCB IV+ emission norm transition. We observed strong demand from the infrastructure and construction sectors. The B2B segment grew by 17%YoY for the quarter, while the B2C segment declined by 13%, due to a planned plant transition. We have completed the construction of our new manufacturing facility at Sanand, and we have consolidated 5 of our manufacturing locations at Ahmedabad, to a single unit. On the margin front, we progressed as expected, achieving an EBITDA margin of 12% for the quarter at a KOEL standalone level. Overall, we remain cautiously optimistic about demand, with expectations for H2 demand to pick up, especially given the low base from an election-impacted H1 market." Result PDF
Heavy Electrical Equipment company Kirloskar Oil Engines announced Q1FY25 results: Consolidated: Revenue from operations at Rs 1,636 crore for Q1FY25 vs Rs 1,543 crore for Q1FY24; 6% increase YoY Net profit at Rs 133 crore for Q1FY25 vs Rs 131 crore for Q1FY24; 1% increase YoY Standalone: Net sales at Rs 1,334 crore for Q1FY25 vs Rs 1,256 crore for Q1FY24; 6% increase YoY EBITDA at Rs 174 crore for Q1FY25 vs Rs 162 crore for Q1FY24; 7% increase YoY EBITDA margin at 12.9% for Q1FY25 vs 12.8% for Q1FY24 Net profit at Rs 117 crore for Q1FY25 vs Rs 109 crore for Q1FY24; 7% increase YoY Cash and cash equivalents of Rs 410 crore Commenting on the results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said "We have a good start of the year with highest ever Ql numbers for KOEL standalone. The top line growth of 6% is on a high base as we had pre buy in Ql FY24 and if we remove the pre buy effect the top line growth is 18%. B2B business grew 5% year on year and B2C business also witnessed a double digit growth of 14% year on year. Exports at Rs 112 crore for the quarter grew by 15% year on year. As we head into the upcoming quarter with the full implementation of CPCB IV+ emission norms, our outlook remains cautiously optimistic until we observe how the market adapts to the CPCB IV+ products across various segments." Result PDF