Auto Parts & Equipment firm Kirloskar Oil Engines announced Q1FY23 Result : KOEL reports a promising first quarter of FY 23; 45% growth in consolidated revenues and PAT grows by 154% YoY Net sales at INR 943.8 Cr for Q1 FY 23 vs INR 639.2 Cr for Q1 FY 22; 48% increase YoY and 4% decrease QoQ EBITDA at INR 103.4 Cr for Q1 FY 23 vs INR 49.0 Cr for Q1 FY 22; 111% increase YoY and 1% increase QoQ EBITDA margin at 10.8% for Q1 FY 23 vs 7.6% for Q1 FY 22 and 10.4% for Q4 FY22 Net profit at INR 64.6 Cr for Q1 FY 23 VS INR 24.5 Cr for Q1 FY 22; 164% increase YoY and 46% decrease QoQ. Please note that Q4 FY 22 had an exceptional Income of INR 52.7 Cr pre-tax Cash and cash equivalents of INR 405.6 Cr, this demonstrates Company's strong liquidity position Net of debt; includes treasury investments and excludes unclaimed dividends. Revenue from operation at INR 1,191.4 Cr for Q1 FY 23 vs INR 820.8 Cr for Q1 FY 22; 45% increase YoY, and 1% increase QoQ Net profit at INR 82.1 Cr for Q1 FY 23 vs INR 32.3 Cr for Q1 FY 22; 154% increase YoY and 21% increase QoQ PAT margin at 6.9% for Q1 FY 23 vs 3.9% for Q1 FY 22 and 5.7% for Q4 FY22 Commenting on the Q1 results, Gauri Kirloskar, Managing Director, KOEL, said "Kirloskar Oil Engines delivered both on sales and profitability expectations in this quarter. Power generation, industrial engines, spare parts, tractor engines, and electric pump businesses performed well as the team pulled together to cater to robust demand while overcoming a rather challenging supply situation. The opening of the services sector continued infrastructure thrust of the government, good monsoon prospects, and growing energy needs of our country signal positive momentum for our business going forward. Our international business is also gaining traction across all key focus markets. We have started preparing for the next emission norms upgrade in the domestic PowerGen market as well as introducing alternate fuel engines. With that, we are also confident of gaining traction in the most advanced emission norms-driven markets." Result PDF
Auto Parts & Equipment company Kirloskar Oil Engines declares Q4FY22 result: KOEL reports a robust fourth quarter of FY 22, with 9% growth in standalone net sales YoY with double digit EBITDA margin for Q4 FY22. Standalone net sales grew at 23% for the full year. Recommends final dividend of INR 2.50 / Share. Total Dividend of INR 4.00 / Share (200%) Net sales at INR 981.5 Cr for Q4 FY 22 vs INR 829.1 Cr for Q3 FY 22; 18% increase QoQ and 9% increase YoY EBITDA at INR 102.6 Cr for Q4 FY 22 vs INR 50.7 Cr for Q3 FY 22; 103% increase QoQ and 14% decrease YoY EBITDA margin at 10.4% for Q4 FY 22 vs 6.1% for Q3 FY 22 Net profit at INR 119.6 Cr for Q4 FY 22 vs INR 25.3 Cr for Q3 FY 22; 373% increase QoQ and 64% increase YoY Cash and cash equivalents of INR 490.7 Cr, this reiterates Company's strong liquidity position Net of debt; includes treasury investments excludes unclaimed dividend. Review of FY 22 Financial Performance {Standalone): Net sales at INR 3,267.6 Cr for FY 22 vs INR 2,663.6 Cr for FY 21; 23% increase YoY EBITDA at INR 268.8 Cr for FY 22 vs INR 283.8 Cr for FY 21; 5% decrease YoY EBITDA margin at 8.1% for FY 22 vs 10.5% for FY 21 Net profit at INR 208.0 Cr for FY 22 vs INR 169.7 Cr for FY 21; 23% increase YoY Review of Q4 FY 22 Financial Performance (Consolidated): Net sales at INR 1,170.3 Cr for Q4 FY 22 vs INR 1,007.5 Cr for Q3 FY 22; 16% increase Q-o-0., and 9% increase YoY Profit before exceptional items and tax for Q4 FY 22 at INR 91.0 Cr vs INR 39.7 Cr for Q3 FY 22; 129% increase QoQ; 20% decrease YoY Net profit at INR 67.8 Cr for Q4 FY 22 vs INR 29.1 Cr for Q3 FY 22; 133% increase QoQ and 13% decrease YoY Review of FY 22 Financial Performance (Consolidated}: Net sales at INR 3,978.7 Cr for FY 22 vs INR 3,254.8 Cr for FY 21; 22% increase YoY Profit before exceptional items and tax for FY 22 at INR 231.9 Cr vs INR 278.1 Cr for FY 21; 17% decrease YoY Net profit at INR 170.9 Cr for FY 22 vs INR 197.4 Cr for FY 21; 13% decrease YoY. Commenting on the Q4 and FY 22 results, Mr. Atul Kirloskar, Executive Chairman, KOEL, said "Kirloskar Oil Engines delivered both on sales and profitability targets in this quarter with steady progress on its strategic thrust areas and demonstrated agile decision making with necessary collaboration with our business partners. Demand situation was buoyant across almost all segments, while some weakness was seen in the tractor engine space. Many businesses established new monthly records like international business-especially firefighting segment, electric pumps, and our High Horsepower range. We launched two new platform engines into the market - Low Horsepower engine platform R550 and High Horsepower platform 1250-1500 KVA and announced our entry into the electric motors space with the launch of three phase AC induction motors. The efforts on developing alternate fuel engines have reached fruition and you would witness the unveiling of some of these products in near future. We continued to face a challenging supply situation of certain raw material in this quarter as well. My compliments to the whole team along with our partners who have put in tremendous efforts in making things happen and rising to the occasion." Result PDF
Auto Parts & Equipment company Kirloskar Oil Engines declares Q3FY22 result: Net Sales at INR 829.1 Cr for Q3 FY 22 vs INR 817.8 Cr for Q2 FY 22; 1% increase QoQ EBITDA at INR 50.7 Cr for Q3 FY 22 vs INR 66.5 Cr for Q2 FY 22; 24% decrease QoQ EBITDA margin at 6.1% for Q3 FY 22 vs 8.1% for Q2 FY 22 Net profit at INR 25.3 Cr for Q3 FY 22 vs INR 38.7 Cr for Q2 FY 22; 35% decrease QoQ The Company continues to have strong liquidity position with Cash and cash equivalents* of INR 420.7 Cr Net Sales at INR 2,286.1 Cr for nine months of FY 22 vs INR 1,759.3 Cr for nine months of FY 21; 30 % increase YoY EBITDA at INR 166.2 Cr for nine months of FY 22 vs INR 166.4 Cr for nine months of FY 21; at same level as last year EBITDA margin at 7.2% for nine months of FY 22 vs 9.3 % for nine months of FY 21 Net profit at INR 88.5 Cr for nine months of FY 22 vs INR 97.0 Cr for nine months FY 21; 9% decrease YoY Net Sales at INR 1,007.5 Cr for Q3 FY 22 vs INR 991.4 Cr for Q2 FY 22; 2% increase QoQ EBITDA at INR 87.8 Cr for Q3 FY 22 vs INR 97.4 Cr for Q2 FY 22; 10% decrease QoQ EBITDA margin at 8.6% for Q3 FY 22 vs 9.7% for Q2 FY 22 Net profit at INR 29.1Cr for Q3 FY 22 vs INR 41.7 Cr for Q2 FY 22; 30% decrease QoQ Net Sales at INR 2,808.4 Cr for nine months of FY 22 vs INR 2,180.7 Cr for nine months of FY 21; 29% increase YoY EBITDA at INR 268.7 Cr for nine months of FY 22 vs INR 240.2 Cr for nine months of FY 21; 12% increase YoY EBITDA margin at 9.5% for nine months of FY 22 vs 10.9% for nine months of FY 21 Net profit at INR 103.0 Cr for nine months of FY 22 vs INR 119.3 Cr for nine months FY 21; 14% decrease YoY Result PDF
Financial KOEL reports a strong second quarter of FY 22, standalone net sales grew at 28% and net profit grew at 58% quarter on quarter Net Sales at INR 817.8 Cr for Q2 FY 22 vs INR 639.2 Cr for Q1 FY 22; 28% increase Q-o-Q EBITDA at INR 66.5 Cr for Q2 FY 22 vs INR 49.0 Cr for Q1 FY 22; 36% increase Q-o-Q EBITDA margin at 8.1% for Q2 FY 22 vs 7.6% for Q1 FY 22 Net profit at INR 38.7 Cr for Q2 FY 22 vs INR 24.5 Cr for Q1 FY 22; 58% increase Q-o-Q Cash and cash equivalents* of INR 354.2 Cr, this demonstrates Company's strong liquidity position Net Sales at INR 1,457.0 Cr for H1 FY 22 vs INR 969.7 Cr for H1 FY 21; 50% increase Y-o-Y EBITDA at INR 115.5 Cr for H1 FY 22 vs INR 72.2 Cr for H1 FY 21; 60% increase Y-o-Y EBITDA margin at 7.8% for H1 FY 22 vs 7.4% for H1 FY 21 Net profit at INR 63.2 Cr for H1 FY 22 vs INR 36.4 Cr for H1 FY 21; 73% increase Y-o-Y Net Sales at INR 991.4 Cr for Q2 FY 22 vs INR 809.5 Cr for Q1 FY 22; 22% increase Q-o-Q EBITDA at INR 97.4 Cr for Q2 FY 22 vs INR 83.5 Cr for Q1 FY 22; 17% increase Q-o-Q EBITDA margin at 9.7% for Q2 FY 22 vs 10.2% for Q1 FY 22 Net profit at INR 41.7 Cr for Q2 FY 22 vs INR 32.3 Cr for Q1 FY 22; 29% increase Q-o-Q Net Sales at INR 1,801.0 Cr for H1 FY 22 vs INR 1,232.8 Cr for H1 FY 21; 46% increase Y-o-Y EBITDA at INR 180.9 Cr for H1 FY 22 vs INR 119.4 Cr for H1 FY 21; 52% increase Y-o-Y EBITDA margin at 9.9% for Hl FY 22 vs 9.5% for H1 FY 21 Net profit at INR 74.0 Cr for Hl FY 22 vs INR 52.8 Cr for H1 FY 21; 40% increase Y-o-Y Commenting on the Q2 FY 22 results, Mr. Sanjeev Nimkar, Managing Director, KOEL, said "Kirloskar Oil Engines continued its progress in the strategic growth areas of Ultra High Horse Power, electric pumps, off highway and tractor engines, weeders in the domestic markets and Industrial & firefighting segments in the chosen export markets. We are witnessing good traction in healthcare segment, infra development and schemes like Jal Jeevan mission. BS IV transition has been executed smoothly. During Q2, we have launched new revolutionary product of Kirloskar 'i-land' and are expanding our foray into allied businesses in Water Management Solutions business, stabilizing our acquisitions in the space. Spiraling commodity prices are proving to be a challenge and are expected to put pressure on profitability in the short term, despite the mitigation measures put in place. Supply chain resilience is a key enabler in today's era and KOEL is well on course to turn the challenge into an opportunity. Result PDF