Kirloskar Oil Engines Ltd. reports highest ever Q1 Sales for the standalone business. Revenue growth of 6 % for the quarter Y-o-Y, EBITDA’ margin at 12.9 % for the quarter
Kirloskar Oil Engines Limited (KOEL),a leader in the manufacturing of internal combustion engines, agricultural equipment, and generator sets with a sizable presence in international markets, announced its unaudited financial results for the quarter ended June 30, 2024.
Commenting on the results, Gauri Kirloskar Managing Director, Kirloskar Oil Engines, said “We have a good start of the year with highest ever Q1 numbers for KOEL standalone. The top line growth of 6% is on a high base as we had pre buy in Q1 FY24 and if we remove the pre buy effect the top line growth is 18Po. The B2B business grew 5% year on year and B2C business also witnessed a double-digit growth of 14% year on year. Exports at INR 112 crores for the quarter grew by 15% year on year.
As we head into the upcoming quarter with the full implementation of CPCB IV+ emission norms, our outlook remains cautiously optimistic until we observe how the market adapts to the CPCB IV+ products across various segments."
Net sales at INR 1,334 Cr for Q1 FY 25 vs INR 1,256 Cr for Q1 FY 24; 6% increase Y-o-Y. EBITDA at INR 174 Cr for Q1 FY 25 vs INR 162 Cr for Q1 FY 24; 7P increase Y-o-Y. EBITDA margin at 12.9% for Q1 FY 25 vs 12.8% for Q1 FY 24
Net profit at INR 117 Cr for Q1 FY 25 vs INR 109 Cr for Q1 FY 24; 7% increase Y-o-Y.Cash and cash equivalents of INR 410 Cr. Net of debt; includes treasury investments and excludes unclaimed dividends.
Revenue from operations at INR 1,636 Cr for Q1 FY 25 vs INR 1,543 Cr for Q1 FY 24; 6% increase Y-o-Y. Net profit at INR 133 Cr for Q1 FY 25 Vs INR 131 Cr for Q1 FY 24; 1% increase Y-o-Y.
