Kirloskar Pneumatic Company Ltd (KPCL) (BSE: 505283, NSE: KIRLPNU), a prominent player in Air, Refrigeration & Gas Compression business in India, announced today its financial results for Q4 & FY24.
Revenue from operations and PBT for the full year showed a year-on-year growth of 7% and 24% respectively. Net Profit after tax has increased by over 23%.
Q4 FY24 recorded sales of Rs. 490 Crores representing 59% growth quarter on quarter. Sales for the FY24 was at Rs. 1,239 Crores witnessing 7% growth year on year.
Tezcatlipoca, the centrifugal compressor introduced during the year, was well received and we have strong orders in the pipeline for scale up. The other new products like the Khione refrigeration compressor, Aria-Atmos and Calana booster compressor are all in the ramp-up phase – clearly strengthening the market offering of the company.
In order to address the emerging opportunities in Hydrogen compression, the company has entered into an agreement with PDC Machines LLC, USA to offer Diaphragm Compressor packages for various industries and applications.
As of March 31, 2024, the order book stood at Rs. 1,475 Crs, reflecting an increase of Rs 325 Crs compared to the same period last year. This represents a 28% growth in orders at the start of the year compared to the previous year. This rise indicates strong market demand and underscores the company's solid position at the start of the FY25.
Compression business continues to be around 93% of the Company’s revenue and remains as the only reporting segment.
