Kirloskar Brothers announced that the Board of Directors of the Company at its meeting held on 11 May 2023, inter alia, have recommended the final dividend of Rs 4.5 per equity Share (i.e. 225%) , subject to the approval of the shareholders.

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Kirloskar Brothers announced that the Board of Directors of the Company at its meeting held on 11 May 2023, inter alia, have recommended the final dividend of Rs 4.5 per equity Share (i.e. 225%) , subject to the approval of the shareholders.

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Revenue from operations jumped 17.83% year on year to Rs 1,124.6 in the quarter ended 31 March 2023.

Consolidated profit before tax stood at Rs 132.2 crore in Q4 FY23, registering a growth of 81.59% from Rs 72.8 crore reported in the corresponding quarter previous year.

On full year basis, the company's consolidated net profit zoomed 149.2% to Rs 235 crore on 22% increase in revenue to Rs 3730.2 crore in FY23 over FY22.

Meanwhile, the firm's board has recommended a dividend of Rs 4.50 per equity share for the financial year 2022-23.

Kirloskar Brothers is engaged in providing fluid management solutions globally. The core products of the company are Engineered Pumps, Industrial Pumps, Agriculture and Domestic Pumps, Valves, and Hydro turbines.

The counter hit a 52-week high of Rs 507.70 in today's intraday session.

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Net profit of Kirloskar Brothers rose 83.85% to Rs 100.20 crore in the quarter ended March 2023 as against Rs 54.50 crore during the previous quarter ended March 2022. Sales rose 17.83% to Rs 1124.60 crore in the quarter ended March 2023 as against Rs 954.40 crore during the previous quarter ended March 2022.

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