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Kirloskar Industries Ltd (KIL) announced its unaudited financial results for the first quarter of financial year ending March 31, 2025.
Commenting on the Q1 FY 25 results, Mahesh Chhabria, Managing Director, KIL, said "We are pleased to report our first quarter results, achieving a consolidated total income of INR 1,571 crore. In July, a significant milestone was the approval of the merger scheme between KFIL and ISMT. Following this approval, KFIL and ISMT began operating as a merged entity from August 9th, 2024. We anticipate that this merger will bring substantial strategic advantages as we continue to drive KFIL's growth. Additionally, our real estate subsidiary, Avante, has already delivered its first project and it is getting ready to be occupied post fit outs in the coming quarter. The second and larger project work on the site at Kothrud is progressing as planned and we expect to receive further statutory approvals in the current quarter to continue the progress.”
Review of Q1 FY 2024-25 Financial Performance (Standalone): Total Income at INR 15.8 Cr for Q1 FY25 vs INR 28.7 Cr for Q1 FY24; 45% decrease Y-o-Y. PAT* at INR 6.5 Cr for Q1 FY25 vs INR 12.1 Cr for Q1 FY24; 46% decrease Y-o-Y
Review of Q1 FY 2024-25 Financial Performance (Consolidated): Total Income at INR 1,571.5 Cr for Q1 FY25 vs INR 1,518.2 Cr for Q1 FY24; 4% increase Y-o-Y. PAT* at INR 66.3 Cr for Q1 FY25 vs INR 94.0 Cr for Q1 FY24; 29% decrease Y-o-Y.
