August, 2024 – Kirloskar Oil Engines has announced its first-quarter results, reporting a robust 26.9% increase in profit year-on-year (YoY). The company’s topline revenue for the quarter rose by 5.97%, reflecting strong performance despite a slight decline of 1.47% compared to the previous quarter.
In terms of operating income, the company experienced a positive growth trend, with a 4.49% increase quarter-on-quarter (QoQ) and a substantial 26.42% rise YoY. The earnings per share (EPS) for Q1 stood at ₹10.56, representing a 22.11% YoY growth.
Selling, general, and administrative expenses saw a marginal decline of 0.44% QoQ but increased by 40% YoY. Despite this, Kirloskar Oil Engines has demonstrated significant overall profitability and operational efficiency.
The company’s stock has shown mixed performance recently, with a 3.58% decrease over the past week, a notable 40.25% increase over the last six months, and a remarkable 76.39% gain year-to-date (YTD). Kirloskar Oil Engines currently holds a market capitalization of ₹16,773.68 crore, with a 52-week high of ₹1,450 and a low of ₹437.95.
As of August 9, 2024, analysts have maintained a consensus Strong Buy rating for the stock, reflecting positive sentiment and confidence in the company’s financial health and future prospects.
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