Hot Pursuit     23-May-23
Kirloskar Industries spurts after turnaround Q4 numbers
Kirloskar Industries jumped 8.27% to Rs 2741.90 after the company reported consolidated net profit of Rs 93.09 crore in Q4 March 2023 as against net loss at Rs 44.20 crore in Q4 March 2022.
On a consolidated basis, revenue from operations jumped 52% year-on-year (YoY) to Rs 1574.79 crore in Q4 March 2023.

Profit before tax (PBT) stood at Rs 164.58 crore in Q4 FY23, down 10.35% QoQ and up 108% YoY.

Total expenses rose 46.47% YoY to Rs 1427.51 crore in quarter ended 31 March 2023. Cost of materials consumed was at Rs 877.7 crore (up 38.55% YoY) and employee expense was Rs 92.71 crore (up 99.72%) during the quarter.

Net cash flow from operating activities at Rs 760.49 crore as on 31 March 2023 compared with Rs 316.60 crore as on 31 March 2022.

The board recommended a dividend of Rs 11 per share for FY23.

Kirloskar Industries (KIL) is engaged in the business of wind power generation, investments (securities and properties) and real estate activities. The company has windmills in Maharashtra.

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 ( Corporate News - 26-Sep-24   12:17 )
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