Kirloskar Oil Engines Q1FY18 Result: Net Profit declines 17.57 per cent QoQ
DSIJ Intelligence / 04 Aug 2017
Kirloskar Oil Engines reported its results for the quarter ended June 30, 2017, today. Total sales for this quarter, Q1FY18, came in at Rs. 764.58 crore. This represents a 1.35 per cent sequential increase and 6.82 per cent YoY increase.
Kirloskar Oil Engines reported its results for the quarter ended June 30, 2017, today.
Total sales for this quarter, Q1FY18, came in at Rs. 764.58 crore. This represents a 1.35 per cent sequential increase and 6.82 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 37.09 crore and the EBIT margin stood at 4.85 per cent.
It reported PAT of Rs. 36.45 crore which represents a sequential QoQ decline of 17.57 per cent and a YoY decline of 37.96 per cent.
The company's stock opened at Rs. 399.60 on the BSE and recorded intra-day high and low of Rs. 401.90 and Rs. 399, respectively.
Kirloskar Oil Engines Limited (KOEL) specialises in the manufacture of both air-cooled and liquid-cooled diesel engines and generating sets across a wide range of power output from 5kVA to 3000kVA. It also offers engines operating on alternative fuels such as bio-diesel, natural gas, biogas and straight vegetable oil (SVO).
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