Kirloskar Oil Engines Ltd.    
28 Oct 2021
192.00
1.94%

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.

 

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