Electric Utilities company Kirloskar Industries announced Q3FY24 & 9MFY24 results: Standalone Financial Performance: Total Income at Rs 14.6 crore for Q3FY24 vs Rs 12.1 crore for Q3FY23; 21% increase YoY PAT at Rs 4.9 crore for Q3FY24 vs Rs 4.9 crore for Q3FY23; same level YoY Total Income at Rs 92.9 crore for 9MFY24 vs Rs 75.2 crore for 9MFY23; 24% increase YoY PAT at Rs 52.4 crore for 9MFY24 vs Rs 49.0 crore for 9MFY23; 7% increase YoY Consolidated Financial Performance: Total Income at Rs 1,568.1 crore for Q3FY24 vs Rs 1,616.6 crore for Q3FY23; 3% decrease YoY PAT at Rs 105.1 crore for Q3FY24 vs Rs 133.1 crore for Q3FY23; 21% decrease YoY Total Income at Rs 4,675.2 crore for 9MFY24 vs Rs 4,941.1 crore for 9MFY23; 5% decrease YoY PAT at Rs 289.7 crore for 9MFY24 vs Rs 366.4 crore for 9MFY23; 21% decrease YoY Commenting on the Q3 and 9MFY24 results, Mahesh Chhabria, Managing Director, KIL, said, “We are pleased to announce the third quarter results – our subsidiary, KFIL, performed well despite the headwinds in the input commodity prices and a slowdown in the tractor industry. The KFIL-ISMT merger is on course, and we anticipate its completion by the statutory timelines. Avante's projects are advancing according to schedule, with the first project, 'One Avante,' nearing completion, revenue recognition will follow in due course." Result PDF