Kirloskar Electric Company will hold a meeting of the Board of Directors of the Company on 11 August 2021.

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Kirloskar Electric Company announced that the operations have resumed in Company's Unit located at Bhudihal (Unit-15) from 02 August 2021 with 19 workmen out of 63 workmen who were in laid off. Accordingly, 19 workmen are recalled to work with effect from 02 August 2021.

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The Company has made an application to the concerned labour department to extend the partial lay-off period of 38 workmen out of 152 workmen of Company's Unit located at Govenahalli from 20 July 2021 to 19 September 2021.

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Net Loss of Kirloskar Electric Company reported to Rs 7.06 crore in the quarter ended March 2021 as against net loss of Rs 6.76 crore during the previous quarter ended March 2020. Sales rose 8.76% to Rs 88.76 crore in the quarter ended March 2021 as against Rs 81.61 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 48.11 crore in the year ended March 2021 as against net profit of Rs 45.31 crore during the previous year ended March 2020. Sales declined 11.71% to Rs 277.58 crore in the year ended March 2021 as against Rs 314.41 crore during the previous year ended March 2020.

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