Kirloskar Industries Ltd. Results

H1FY25 & Q2FY25 Result Announced for Kirloskar Industries Ltd.

Industrial Products company Kirloskar Industries announced H1FY25 & Q2FY25 results Standalone Financial Highlights: Total Income at Rs 50 crore for Q2FY25 vs Rs 16 crore for Q1FY25; 213% increase QoQ. PAT* at Rs 35 crore for Q2FY25 vs Rs 6 crore for Q1FY25; 467% increase QoQ. Total Income at Rs 66 crore for H1FY25 vs Rs 78 crore for H1FY24; 15% decrease YoY. PAT* at Rs 41 crore for H1FY25 vs Rs 48 crore for H1FY24; 15% decrease YoY. Consolidated Financial Highlights: Total Income at Rs 1,706 crore for Q2FY25 vs Rs 1,572 crore for Q1 FY25; 9% increase QoQ. PAT* at Rs 91 crore for Q2FY25 vs Rs 66 crore for Q1FY25; 38% increase QoQ. Total Income at Rs 3,277 crore for H1FY25 vs Rs 3,107 crore for H1FY24; 5% increase YoY. PAT* at Rs 158 crore for H1FY25 vs Rs 185 crore for H1FY24; 15% decrease YoY Mahesh Chhabria, Managing Director, KIL, said: “KIL has had a stable quarter, marked by significant developments and steady growth of the subsidiaries. During this quarter, the merger of Kirloskar Ferrous Industries Limited (KFIL) and ISMT Limited was successfully completed. KFIL & ISMT have commenced operations as a unified entity. KFIL continues to play a crucial role as our material subsidiary, delivering a commendable 7% revenue growth despite the challenging market environment. On the real estate front, our subsidiary, Avante, is making steady progress on its 1.6 million square foot commercial project in Pune, which remains on track as planned.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Kirloskar Industries Ltd.

Industrial Products company Kirloskar Industries announced Q4FY24 & FY24 results: Standalone Financial Highlights: Total Income at Rs 40.65 crore for Q4FY24 vs Rs 39.82 crore for Q4FY23; 2.08 % increase YoY PAT at Rs 22.23 crore for Q4FY24 vs Rs 25.08 crore for Q4FY23; 11.36 % decrease YoY Total Income at Rs 133.51 crore for FY24 vs Rs 114.99 crore for FY23; 16.10 % increase YoY PAT at Rs Rs 74.64 crore for FY24 vs Rs 74.12 crore for FY23; 0.70 % increase YoY Consolidated Financial Highlights: Total Income at Rs 1,736.44 crore for Q4FY24 vs Rs 1,591.51 crore for Q4FY23; 9.11 % increase YoY PAT at Rs 70.99 crore for Q4FY24 vs Rs 93.19 crore for Q4FY23; 23.82 % decrease YoY Total Income at Rs 6,411.65 crore for FY24 vs Rs 6,532.65 crore for FY23; 1.85 % decrease YoY PAT at Rs 360.73 crore for FY24 vs Rs 459.57 crore for FY23; 21.50 % decrease YoY Commenting on the Q4 and full year results, Mahesh Chhabria, Managing Director, KIL, said "We are delighted to announce our fourth quarter and full year results. This quarter marks a significant milestone as Avante Spaces Limited (ASL) our 100% subsidiary in Real Estate business has recognized revenue from its first project “One Avante” in Kothrud, which is now reflected in our consolidated performance. ASL is now focused on executing the second project on time despite challenges in labor market and approval delays. Due to the challenges faced by our subsidiary Kirloskar Ferrous Industries Ltd. (KFIL), on account of subdued demand in the tractor industry and lower Pig Iron realization, we saw a dip of ~1.5% in our consolidated revenue from operations. Additionally, the KFIL-ISMT merger is progressing well and is expected to be completed soon."

Q3FY24 Quarterly & 9MFY24 Result Announced for Kirloskar Industries Ltd.

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."

Q1FY24 Quarterly Result Announced for Kirloskar Industries Ltd.

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.”