Holding company Kirloskar Industries announced Q1FY24 results: Consolidated Q1FY24: Total Income at Rs 1,518.2 crore for Q1FY24 vs Rs 1,513.5 crore for Q1FY23 PBT at Rs 141.8 crore for Q1FY24 vs Rs 127.3 crore for Q1FY23 PAT at Rs 94.0 crore for Q1FY24 vs Rs 102.9 crore for Q1FY23 Standalone Q1FY24: Total Income at Rs 28.7 crore for Q1FY24 vs Rs 7.6 crore for Q1FY23 PBT at Rs 24.2 crore for Q1FY24 vs Rs 3.5 crore for Q1FY23 PAT at Rs 12.1 crore for Q1FY24 vs Rs 2.4 crore for Q1FY23 Commenting on the Q1FY24 results, Mahesh Chhabria, Managing Director, KIL, said, "At KIL, we are now entering into an exciting phase of our business realignment plan. Avante’s first project is progressing as planned and we expect to complete it at the end of the year.” Result PDF
Holding Company Kirloskar Industries announced Q4FY23 & FY23 results: Consolidated Q4FY23: Total Income at Rs 1,592.1 crore for Q4FY23 vs Rs 1,053.7 crore for Q4FY22; 51% increase YoY PBT at Rs 164.6 crore for Q4FY23 vs Rs 79.1 crore for Q4FY22; 108% increase YoY PAT at Rs 93.1 crore for Q4FY23 vs loss of Rs 4.4 crore for Q4FY22 Consolidated FY23: Total Income at Rs 6,536.0 crore for FY23 vs Rs 3,820.8 crore for FY22; 71% increase YoY, please note that FY23 includes the performance of our step-down subsidiary ISMT PBT at Rs 657.8 crore for FY23 vs Rs 568.3 crore for FY22; 16% increase YoY PAT at Rs 459.5 crore for FY23 vs Rs 316.2 crore for FY22; 45% increase YoY Standalone Q4FY23: Total Income at Rs 40.4 crore for Q4FY23 vs Rs 29.1 crore for Q4FY22; 39% increase YoY PBT at Rs 32.2 crore for Q4FY23 vs Rs 22.5 crore for Q4FY22; 43% increase YoY PAT at Rs 25.0 crore for Q4FY23 vs Rs 16.0 crore for Q4FY22; 57% decrease YoY Standalone FY23: Total Income at Rs 118.3 crore for FY23 vs Rs 102.7 crore for FY22; 15% increase YoY PBT at Rs 93.4 crore for FY23 vs Rs 80.1 crore for FY22; 17% increase YoY PAT at Rs 74.1 crore for FY23 vs Rs 60.9 crore for FY22; 22% increase YoY Commenting on the Q4FY23 and FY23 results, Mahesh Chhabria, Managing Director, KIL, said, “The past year has primarily been dedicated to reorienting the Company. The Management has decided to focus on its real estate business and that of its wholly owned subsidiary “Avante Spaces Limited” (Avante) and optimize returns on its investment portfolio. In view of the same, the Management is desirous of monetizing its assets. During the year we sold our 17.41% stake in Swaraj Engines Limited for an aggregate consideration of approximately Rs 296 crore. Further, the board has approved the sale of the windmill business to ISMT Limited, our step-down subsidiary. This is subject to all the necessary approvals. The first commercial project of Avante is progressing as planned and it has already sold approx. 1.2 lakh sq ft area in the project.” Result PDF
Kirloskar Industries announced Q3FY23 results: Consolidated Q3FY23: Total income at Rs 1,617.2 crore for Q3FY23 vs Rs 943.1 crore for Q3FY22; 71% increase YoY PBT at Rs 183.6 crore for Q3FY23 vs Rs 113.3 crore for Q3FY22; 62% increase YoY PAT at Rs 132.8 crore for Q3FY23 vs Rs 84.6 crore for Q3FY22; 57% increase YoY Total income at Rs 4,943.9 crore for YTD FY23 vs Rs 2,767.1 crore for YTD FY22; 79% increase YoY, please note that YTD FY 23 included the performance of our step-down subsidiary ISMT Ltd PBT at Rs 493.2 crore for YTD FY23 vs Rs 489.3 crore for YTD FY22; 1% increase YoY PAT at Rs 366.4 crore for YTD FY23 vs Rs 360.4 crore for YTD FY22; 2% increase YoY Standalone Q3FY23: Total income at Rs 12.7 crore for Q3FY23 vs Rs 9.8 crore for Q3FY22; 30% increase YoY PBT at Rs 6.9 crore for Q3FY23 vs Rs 4.5 crore for Q3FY22; 55% increase YoY PAT at Rs 4.6 crore for Q3FY23 vs Rs 4.8 crore for Q3FY22; 4% decrease YoY Total income at Rs 77.9 crore for YTD FY23 vs Rs 73.6 crore for YTD FY22; 6% increase YoY PBT at Rs 61.2 crore for YTD FY23 vs Rs 57.6 crore for YTD FY22; 6% increase YoY PAT at Rs 49.1 crore for YTD FY23 vs Rs 44.9 crore for YTD FY22; 9% increase YoY Commenting on the Q3 and nine months results, Mr. Mahesh Chhabria, Managing Director, KIL, said “This was a steady quarter for KIL. The first commercial project of our subsidiary Avante Spaces Limited is progressing as planned and is expected to be completed in the next financial year. This quarter we also acquired 4.99% of our step-down subsidiary ISMT Limited. All our subsidiaries are performing in line will with our expectations.” Result PDF
Kirloskar Industries announced Q2FY23 results: Consolidated: Total income at Rs 1,812.1 crore for Q2FY23 vs Rs 992.1 crore for Q2FY22; 83% increase YoY PBT at Rs 182.4 crore for Q2FY23 vs Rs 187.1 crore for Q2FY22; 3% decrease YoY PAT at Rs 130.8 crore for Q2FY23 vs Rs 134.7 crore for Q2FY22; 3% decrease YoY Total income at Rs 3,326.7 crore for H1FY23 vs Rs 1,824.0 crore for H1FY22; 82% increase YoY, please note that H1FY23 included the performance of our step-down subsidiary ISMT Ltd PBT at Rs 309.7 crore for H1FY23 vs Rs 375.9 crore for H1FY22; 18% decrease YoY PAT at Rs 233.7 crore for H1FY23 vs Rs 275.7 crore for H1FY22; 15% decrease YoY Standalone: Total income at Rs 56.5 crore for Q2FY23 vs Rs 55.5 crore for Q2FY22; 2% increase YoY PBT at Rs 50.9 crore for Q2FY23 vs Rs 49.5 crore for Q2FY22; 3% increase YoY PAT at Rs 42.1 crore for Q2FY23 vs Rs 37.3 crore for Q2FY22; 13% increase YoY Total Income at Rs 65.2 crore for H1FY23 vs Rs 63.8 crore for H1FY22; 2% increase YoY PBT at Rs 54.3 crore for H1FY23 vs Rs 53.1 crore for H1FY22; 2% increase YoY PAT at Rs 44.5 crore for H1FY23 vs Rs 40.1 crore for H1FY22; 11% increase YoY Commenting on the Q2 and H1 results, Mr. Mahesh Chhabria, Managing Director, KIL, said “This was a good quarter for Kirloskar industries as we moved ahead on our business plan. We divested our holding in Swaraj Engines Ltd this quarter. We plan to invest the proceeds from this transaction in our business and group companies/subsidiaries, in the due course. Our real estate venture Avante Spaces Ltd. is moving ahead as planned. Also, Kirloskar Ferrous Industries and ISMT announced the merger last week. We are positive on the business prospects of both subsidiaries.” Result PDF