Net Loss of Kirloskar Electric Company reported to Rs 20.51 crore in the quarter ended December 2018 as against net loss of Rs 20.18 crore during the previous quarter ended December 2017. Sales declined 26.09% to Rs 61.29 crore in the quarter ended December 2018 as against Rs 82.92 crore during the previous quarter ended December 2017.

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Kirloskar Electric Company will hold a meeting of the Board of Directors of the Company on 13 February 2019.

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TRF Ltd, Nitesh Estates Ltd, SIL Investments Ltd and Ansal Housing & Construction Ltd are among the other gainers in the BSE's 'B' group today, 08 January 2019.

Kirloskar Electric Company Ltd spiked 15.57% to Rs 23.75 at 12:03 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 3.21 lakh shares were traded on the counter so far as against the average daily volumes of 28046 shares in the past one month.

TRF Ltd surged 14.71% to Rs 141.5. The stock was the second biggest gainer in 'B' group. On the BSE, 91728 shares were traded on the counter so far as against the average daily volumes of 5006 shares in the past one month.

Nitesh Estates Ltd soared 14.50% to Rs 6.24. The stock was the third biggest gainer in 'B' group. On the BSE, 51293 shares were traded on the counter so far as against the average daily volumes of 8916 shares in the past one month.

SIL Investments Ltd rose 13.96% to Rs 247. The stock was the fourth biggest gainer in 'B' group. On the BSE, 39183 shares were traded on the counter so far as against the average daily volumes of 516 shares in the past one month.

Ansal Housing & Construction Ltd exploded 13.86% to Rs 14.62. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1.51 lakh shares were traded on the counter so far as against the average daily volumes of 13552 shares in the past one month.

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The announcement was made on Saturday, 5 January 2019.

Meanwhile, the S&P BSE Sensex was up 330.73 points or 0.93% at 36,025.83

On BSE, so far 3.27 lakh shares were traded in the counter as against average daily volume of 7,088 shares in the past two weeks. The stock hit a high of Rs 20.55 and a low of Rs 18.25 so far during the day.

Kirloskar Electric Company has entered into an agreement with Brigade Enterprises for sale of non-core asset of the company situated at Subramanyanagar, Industrial Suburb, Rajajinagar, Bangalore admeasuring 1.065 acres (46,391 sq.ft.). The overall consideration for the proposed sale would be Rs 55 crore. The expected date of completion of sale/disposal is on or before 31 March 2019 subject to receipt of relevant approvals.

Kirloskar Electric Company reported net loss of Rs 23.20 crore in Q2 September 2018 as compared to net loss of Rs 23.17 crore in Q2 September 2017. Net sales declined 14.48% to Rs 71.57 crore in Q2 September 2018 over Q2 September 2017.

Kirloskar Electric Company is the leading manufacturer of electrical and electronic equipments. The company produces more than 70 products under 8 different product groups, catering to core sectors of the economy like power generation, transmission and distribution, transportation, and renewable energy, sugar, steel, cement, and allied industries.

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