KPCL Announces Q3 FY24 Results, Q-O-Q Income Up 9%, PBT Grows By Over 75%   

Pune, Jan 24, 2024: Kirloskar Pneumatic Company Ltd (KPCL), on Wednesday announced its financial results for Q3 FY24.

Q3 FY24 witnessed 9% growth in sales compared to the preceding quarter, Q2 FY24. However, the cumulative sales for the first nine months (9M) of the fiscal year at Rs. 832.6 Cr is 5% lower than Rs. 879.7 Cr of the previous year.

Order book, stood at over Rs 1,546 Cr ( PY Rs. 1300 Cr).

Review of Q3 2023-24 Financial Performance:

Revenue from Operations:

• YTD 9M – Revenue from operations was at Rs. 832.6 Cr vs Rs. 879.7 Cr in FY 23.
• Q3 – Revenue from operations of Rs. 308.5 Cr as against Rs. 312.2 Cr of the previous year.

EBITDA:

• The year-to-date (YTD) performance for the first nine months of the current year shows an improvement in the EBIDTA margin, reaching 14.7% of total income to Rs.846.1 Cr, compared to 14.2% of total income to Rs.888.2 Cr in the previous financial year.
• EBIDTA for the third quarter (Q3) at 18% (Rs. 56.2 Cr ) as against 16.6% ( Rs. 52.1 Cr ) Q3 of the previous year.

PBT:

• In the ongoing fiscal year, the Year-to-Date Profit before Tax (YTD PBT) at Rs. 97.1 Cr, (11.5% of the total income) against Rs. 101.2 Cr in the previous FY 23.

PAT:

• The net profit after tax for the initial nine months of the current fiscal year is Rs. 73 Cr, in comparison to the previous year’s Rs. 76.3 Cr. This is 8.6% of sales in both years.

EPS:

• YTD Earnings Per Share in the current year have shown a stable earning, reaching Rs. 11.30 per share. This is marginally down compared to the previous year’s earnings of Rs. 11.83 per share.

DIVIDEND:

• In line with the dividend policy, the Board of Directors has declared an interim dividend of Rs. 2.50 (125%) per equity share having face value of Rs. 2/- each. This is the same as in the previous year.