KIL Reports Standalone Net Profit at Rs 35 Crore for the 2nd Quarter

Pune / November 14, 2024: Kirloskar Industries Ltd on Thursday announced its financial results for the second quarter and first half of the financial year ending March 31, 2025.

Commenting on the Q2 and H1 results, Mahesh Chhabria, Managing Director, KIL, said, “KIL has had a stable quarter, marked by significant developments and steady growth of the subsidiaries. During this quarter, the merger of Kirloskar Ferrous Industries Limited (KFIL) and ISMT Limited was successfully completed. KFIL & ISMT have commenced operations as a unified entity. KFIL continues to play a crucial role as our material subsidiary, delivering a commendable 7% revenue growth despite the challenging market environment. On the real estate front, our subsidiary, Avante, is making steady progress on its 1.6 million square foot commercial project in Pune, which remains on track as planned.”

The company reported a significant quarter-over-quarter (Q-o-Q) increase in both total income and profit after tax (PAT). Total income surged 213% to Rs 50 crore in Q2 FY25 compared to Rs 16 crore in Q1 FY25. Similarly, PAT soared 467% to Rs 35 crore in Q2 FY25 from Rs 6 crore in Q1 FY25.

However, on a year-over-year (Y-o-Y) basis, the company’s performance was mixed. Total income for the first half of FY25 declined 15% to Rs 66 crore compared to Rs 78 crore in the same period last year. PAT also decreased 15% Y-o-Y to Rs 41 crore for H1 FY25.

Kirloskar Industries also announced its consolidated financial results for the second quarter and first half of the fiscal year 2024-25. The company reported a steady quarter-over-quarter (Q-o-Q) increase in both total income and profit after tax (PAT). Total income rose 9% to Rs 1,706 crore in Q2 FY25 compared to Rs 1,572 crore in Q1 FY25. Similarly, PAT increased 38% to Rs 91 crore in Q2 FY25 from Rs 66 crore in Q1 FY25.

On a year-over-year (Y-o-Y) basis, the company’s performance was steady. Total income for the first half of FY25 increased 5% to Rs 3,277 crore compared to Rs 3,107 crore in the same period last year. However, PAT decreased 15% Y-o-Y to Rs 158 crore for H1 FY25.