Kirloskar Industries Ltd Share Price – NSE  /  BSE

Finance, Small Cap

Kirloskar Industries has allotted 18,789 equity shares under ESOP on 15 July 2024. Accordingly, the paid-up share capital of the Company has increased from 99,36,896 equity shares of Rs 10 each aggregating to Rs 9,93,68,960 to 99,55,685 equity shares of Rs 10 each aggregating to ₹ 9,95,56,850.

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Net profit of Kirloskar Industries rose 42.38% to Rs 62.46 crore in the quarter ended March 2024 as against Rs 43.87 crore during the previous quarter ended March 2023. Sales rose 9.81% to Rs 1728.60 crore in the quarter ended March 2024 as against Rs 1574.21 crore during the previous quarter ended March 2023.

For the full year,net profit declined 14.59% to Rs 191.58 crore in the year ended March 2024 as against Rs 224.31 crore during the previous year ended March 2023. Sales declined 1.46% to Rs 6368.39 crore in the year ended March 2024 as against Rs 6462.68 crore during the previous year ended March 2023.

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However, revenue from operations grew by 9.80% year on year (YoY) to Rs 1,728.60 crore in the quarter ended 31 March 2024.

Profit before exceptional items and tax stood at Rs 142.87 crore in Q4 FY24, down 13.19% from Rs 164.58 crore posted in corresponding quarter previous year. The firm reported exceptional loss of Rs 26.59 crore during the quarter.

Total expenses were at Rs 1,593.57 crore in Q4 FY24, up 11.68% from Rs 1,426.93 crore recorded in Q4 FY23.

On full year basis, the company's consolidated net profit fell 21.51% to Rs 360.73 crore on 1.46% decline in revenue to Rs 6,368.39 crore in FY24 over FY23.

Meanwhile, the company's board has recommended a dividend of Rs 13 per share for the financial year 2023-2024, subject to approval of the members.

Kirloskar Industries (KIL) is engaged in the business of wind power generation, investments (securities and properties) and real estate activities. The company has windmills in Maharashtra.

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Kirloskar Industries has allotted 2,742 equity shares under Equity Settled Stock Appreciation Rights on 27 May 2024. Accordingly, the paid-up share capital of the Company has increased from 99,34,154 equity shares of Rs 10 each aggregating to, 9,93,41,540 to 99,36,896 equity shares of Rs 10 each aggregating to Rs 9,93,68,960.

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