Kirloskar Industries Ltd (BSE: 500243; NSE: KIRLOSIND) has announced its financial results for the third quarter and nine months of the financial year ending 31st March 2025.
Commenting on the Q3 and nine months results, Aditi Chirmule, Executive Director of KIL, said, “KIL has had a stable quarter with notable progress at our subsidiaries. During this period, Kirloskar Ferrous Industries Limited (KFIL) commissioned a 69 MW DC solar plant in Jalna, Maharashtra, and commenced coal mining with an annual permitted quantity 1.24 lakh metric tons. In the real estate sector, our subsidiary, Avante Spaces Limited (Avante), continues to make steady progress on its 1.6 million square foot commercial project in Pune. Additionally, Deepak Porayath joined Avante as CEO in February and will lead the company in advancing its real estate vision."
For the third quarter of FY 2024-25 (Standalone), the company reported a total income of Rs 13.9 Crore, a 5 per cent decrease compared to Rs 14.6 Crore in the same quarter of the previous year. However, the Profit After Tax (PAT) for Q3 FY25 stood at Rs 6.7 Crore, reflecting a 37 per cent increase compared to Rs 4.9 Crore in Q3 FY24. On a year-to-date (YTD) basis, the total income for FY25 reached Rs 79.8 Crore, a 14 per cent decline from Rs 92.9 Crore for the corresponding period in FY24. Similarly, the YTD PAT for FY25 was Rs 47.0 Crore, showing a 10 per cent decrease compared to Rs 52.4 Crore in YTD FY24.
For the third quarter of FY 2024-25 (Consolidated), the company reported a total income of Rs 1,626.0 Crore, reflecting a 4 per cent increase compared to Rs 1,568.1 Crore in Q3 FY24. However, the Profit After Tax (PAT) for Q3 FY25 decreased by 49 per cent, at Rs 53.4 Crore, compared to Rs 105.1 Crore in Q3 FY24. On a year-to-date (YTD) basis, the total income for FY25 reached Rs 4,903.2 Crore, marking a 5 per cent increase from Rs 4,675.2 Crore for the same period in FY24. The YTD PAT for FY25 was Rs 210.6 Crore, which shows a 27 per cent decrease compared to Rs 289.7 Crore in YTD FY24.
