Kirloskar Pneumatic Company Ltd Share Price – NSE  /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Net profit of Kirloskar Pneumatic Company declined 25.84% to Rs 20.18 crore in the quarter ended September 2023 as against Rs 27.21 crore during the previous quarter ended September 2022. Sales declined 4.50% to Rs 281.92 crore in the quarter ended September 2023 as against Rs 295.20 crore during the previous quarter ended September 2022.

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Kirloskar Pneumatic Company will hold a meeting of the Board of Directors of the Company on 19 October 2023.

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Kirloskar Pneumatic Company today formally inaugurated the new manufacturing facility at Nashik. This facility includes a 32 ton forge hammer to make High Speed Gear Blanks and a comprehensive fabrication facility to make base frames, pressure vessels and a range of heat exchangers.

The facility will primarily cater to the requirements of KPCL and help in enhancing the competitiveness through Value chain advantage as well as to speed up execution of projects. The facility will also earmark about 25% of its capacity to external customers.

In the first phase the plant can produce about 6000 tons of forged parts of sizes upto ½ a ton each a year. The plant also can fabricate complex parts upto 35 tons each.

The investment in the plant is in line with the company's aim to be a comprehensive and reliable supplier of Compression systems for Air, Refrigeration and Gas.

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Kirloskar Pneumatic Company has allotted 20,000 equity shares under ESOP on 25 September 2023. Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to Rs. 12,93,49,780 comprising of 6,46,74,890 Equity Shares of Rs. 2/- each.

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