Kirloskar Pneumatic Company Ltd Share Price – NSE /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Mahanagar Telephone Nigam Ltd, UCO Bank, Indian Overseas Bank and Arvind Ltd are among the other losers in the BSE's 'A' group today, 13 December 2024.

Kirloskar Pneumatic Company Ltd crashed 4.16% to Rs 1681 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 6393 shares were traded on the counter so far as against the average daily volumes of 11268 shares in the past one month.

Mahanagar Telephone Nigam Ltd tumbled 3.96% to Rs 56.21. The stock was the second biggest loser in 'A' group.On the BSE, 7.51 lakh shares were traded on the counter so far as against the average daily volumes of 8.16 lakh shares in the past one month.

UCO Bank lost 3.60% to Rs 46.86. The stock was the third biggest loser in 'A' group.On the BSE, 6.07 lakh shares were traded on the counter so far as against the average daily volumes of 9.01 lakh shares in the past one month.

Indian Overseas Bank slipped 3.54% to Rs 55.64. The stock was the fourth biggest loser in 'A' group.On the BSE, 10.32 lakh shares were traded on the counter so far as against the average daily volumes of 7.56 lakh shares in the past one month.

Arvind Ltd plummeted 3.46% to Rs 416.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 39060 shares were traded on the counter so far as against the average daily volumes of 30555 shares in the past one month.

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Kirloskar Pneumatic Company has acquired 55.26% equity shares of Systems and Components (India) (S&C) on 04 December 2024 pursuant to the Share Purchase and Share Holders' Agreement (SPSHA). As a result, S&C has become subsidiary of KPCL.

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Net profit of Kirloskar Pneumatic Company rose 234.64% to Rs 67.53 crore in the quarter ended September 2024 as against Rs 20.18 crore during the previous quarter ended September 2023. Sales rose 52.76% to Rs 430.67 crore in the quarter ended September 2024 as against Rs 281.92 crore during the previous quarter ended September 2023.

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Revenue from operations surged 52.76% YoY to Rs 430.67 crore in the quarter ended 30 September 2024.

Sequentially, the company's net profit surged 151.04% and revenue climbed by 56.45% in Q2 FY24.

The company’s profit before tax zoomed to Rs 91.92 crore in Q2 FY25 as compared to Rs 26.83 crore recorded in the corresponding quarter previous year.

Total expenses jumped 33.05% YoY to Rs 344.92 crore in Q2 FY24. Cost of material consumed was at Rs 203.12 crore (up 32.01% YoY) and employee benefits expenses stood at Rs 43.84 crore (down 1.21% YoY), during the quarter.

During the quarter, the EBITDA margin improved to 23% of total income, compared to 13% in Q2 FY24.

The company’s Compression business continues to be around 94% of the company’s revenue and remains the only reporting segment.

The company's order book reached approximately Rs 1,780 crore as of 1 October 2024, reflecting a 23% increase from the beginning of 1 October 2023.

On half-year basis, the company’s net profit zoomed to Rs 94.43 crore in H1 FY25 as against Rs 38.11 crore posted in H1 FY24. Revenue from operations jumped 34.68% YoY to Rs 705.94 crore in H1 FY25.

Meanwhile, the company has announced that it has entered into a share purchase agreement to acquire 55.26% of the shares in Systems & Components India, a significant player in the refrigeration packages for the pharmaceutical, chemical, and dairy industries. This acquisition will enhance the company's presence in the refrigeration and chiller packaging sector, thereby expanding its addressable market.

The transaction is expected to be finalized by the end of December 2024, with an aggregate consideration of approximately Rs 15.50 crore. The shares will be acquired in cash, payable in one or more tranches according to the terms and conditions outlined in the Share Purchase and Shareholders Agreement (SPSHA).

Kirloskar Pneumatic Company has three divisions: air compressors, refrigeration and gas compressors, and transmission products. Manufacturing facilities of all divisions are integrated and are in and around Pune. End users include the oil and gas, steel, power, railways and defence sectors.

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