Kirloskar Oil Engines Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Kirloskar Oil Engines Ltd reported a 3.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 4.8%.
- Its expenses for the quarter were up by 0.9% QoQ and 9.9% YoY.
- The net profit decreased 45.7% QoQ and decreased 24.1% YoY.
- The earnings per share (EPS) of Kirloskar Oil Engines Ltd stood at 4.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1464.31 | 1516.06 | 1397.65 | -3.4% | 4.8% |
Total Expenses | 1369.68 | 1357.63 | 1245.85 | 0.9% | 9.9% |
Profit Before Tax | 94.63 | 166.30 | 120.91 | -43.1% | -21.7% |
Tax | 26.74 | 41.42 | 32.19 | -35.4% | -16.9% |
Profit After Tax | 67.89 | 124.92 | 89.39 | -45.7% | -24.1% |
Earnings Per Share | 4.90 | 8.70 | 6.20 | -43.7% | -21.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kirloskar Oil Engines Ltd is a prominent entity in the manufacturing sector, specializing in producing diesel engines and generating sets. The company operates in the engineering industry, focusing on delivering power solutions across various segments, including agriculture, industrial, and marine applications. Kirloskar Oil Engines Ltd is known for its robust engineering capabilities and a diverse product portfolio that caters to different power requirements. While specific recent developments are not detailed in the provided data, the company continues to maintain its position as a significant player in the power solutions domain in India.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Kirloskar Oil Engines Ltd reported a total income of ₹1464.31 crores. This represents a decrease of 3.4% from the previous quarter (Q2FY25), where the total income was ₹1516.06 crores. However, when compared to the same quarter in the previous year (Q3FY24), the total income shows an increase of 4.8%, up from ₹1397.65 crores. This year-over-year growth in total income suggests a positive trajectory in revenue generation despite a quarterly dip.
Profitability
The company's profitability metrics for Q3FY25 indicate a decline compared to both the previous quarter and the same quarter last year. Profit before tax stood at ₹94.63 crores, marking a significant quarter-over-quarter decrease of 43.1% from ₹166.30 crores in Q2FY25 and a year-over-year decline of 21.7% from ₹120.91 crores in Q3FY24. The tax expense for Q3FY25 was ₹26.74 crores, which is lower than both Q2FY25 and Q3FY24, corresponding to reductions of 35.4% and 16.9%, respectively. Consequently, the profit after tax for Q3FY25 was ₹67.89 crores, reflecting a quarter-over-quarter decrease of 45.7% and a year-over-year decrease of 24.1%. Earnings per share also followed a downward trend, recorded at ₹4.90 for Q3FY25, compared to ₹8.70 in Q2FY25 and ₹6.20 in Q3FY24.
Operating Metrics
The total expenses for Kirloskar Oil Engines Ltd in Q3FY25 were ₹1369.68 crores, representing a slight increase of 0.9% from the ₹1357.63 crores reported in Q2FY25. On a year-over-year basis, total expenses rose by 9.9% from ₹1245.85 crores in Q3FY24. This increase in expenses, alongside the decline in total income on a quarter-over-quarter basis, contributed to the reduced profitability in Q3FY25. The company's financial metrics reflect a challenging quarter in terms of maintaining profitability margins, despite the overall growth in income when compared to the previous year.
