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
Heavy Electrical Equipment company Kirloskar Oil Engines announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Standalone: Net sales at Rs 1,378 crore for Q4FY24 vs Rs 1,141 crore for Q4FY23; 21% increase YoY EBITDA at Rs 178 crore for Q4FY24 VS Rs 129 crore for Q4FY23; 38% increase YoY EBITDA margin# at 12.8% for Q4FY24 vs 11.2% for Q4FY23 Net profit at Rs 118 crore Q4FY24 vs Rs 93 crore for Q4FY23; 26% increase YoY Cash and cash equivalents of Rs 269 crore Consolidated: Revenue from operations at Rs 1,660 crore for Q4FY24 vs Rs 1,384 crore for Q4FY23; 20% increase YoY Net profit at Rs 131 crore for Q4FY24 vs Rs 107 crore for Q4FY23; 23% increase YoY FY24 Financial Highlights: Standalone: Net sales at Rs 4,806 crore for FY24 vs Rs 4,073 crore for FY23; 18% increase YoY EBITDA at Rs 578 crore for FY24 vs Rs 457 crore for FY23; 26% increase YoY EBITDA margin at 11.9% for FY24 vs 11.1% for FY23 Net profit at Rs 375 crore for FY24 vs Rs 298 crore for FY23; 26% increase YoY Consolidated: Revenue from operations at Rs 5,898 crore for FY24 vs Rs 5,024 crore for FY23; 17% increase YoY Net profit at Rs 468 crore for FY24 vs Rs 360 crore for FY23; 30% increase YoY Commenting on the Q4 and full year results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said "This quarter and the entire year have been exceptionally noteworthy for Kirloskar Oil Engines. We achieved our highest-ever quarterly and yearly revenue figures, surpassing Rs. 500 crore in international sales for the first time. I firmly attribute this success to the relentless efforts of our teams, fueled by robust market demand. This marks the beginning of our ambitious journey towards becoming a technology driven leader in the power and energy systems. From a business perspective, our CPCB IV+ products have experienced good traction, alongside the encouraging response for the newly introduced Optiprime range. Our B2B segment growth was backed by strong demand in key sectors such as construction, infrastructure, and railways. Meanwhile, our efforts focused to enhance profitability in the B2C segment have yielded substantial improvements in segment PBIT compared to the previous year. Undoubtedly, it has been a challenging year operationally, navigating the transitions associated with emission norm changes. However, thanks to the dedication of our team and the support of our partners, we have successfully managed this transition. As we embark on the final year of our 2X 3Y journey, I am confident in the readiness and determination of the entire Kirloskar Oil Engines team to stay the course." Result PDF