Q4FY24 Quarterly & FY24 Annual Result Announced for Kirloskar Oil Engines Ltd.
Heavy Electrical Equipment company Kirloskar Oil Engines announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Standalone: Net sales at Rs 1,378 crore for Q4FY24 vs Rs 1,141 crore for Q4FY23; 21% increase YoY EBITDA at Rs 178 crore for Q4FY24 VS Rs 129 crore for Q4FY23; 38% increase YoY EBITDA margin# at 12.8% for Q4FY24 vs 11.2% for Q4FY23 Net profit at Rs 118 crore Q4FY24 vs Rs 93 crore for Q4FY23; 26% increase YoY Cash and cash equivalents of Rs 269 crore Consolidated: Revenue from operations at Rs 1,660 crore for Q4FY24 vs Rs 1,384 crore for Q4FY23; 20% increase YoY Net profit at Rs 131 crore for Q4FY24 vs Rs 107 crore for Q4FY23; 23% increase YoY FY24 Financial Highlights: Standalone: Net sales at Rs 4,806 crore for FY24 vs Rs 4,073 crore for FY23; 18% increase YoY EBITDA at Rs 578 crore for FY24 vs Rs 457 crore for FY23; 26% increase YoY EBITDA margin at 11.9% for FY24 vs 11.1% for FY23 Net profit at Rs 375 crore for FY24 vs Rs 298 crore for FY23; 26% increase YoY Consolidated: Revenue from operations at Rs 5,898 crore for FY24 vs Rs 5,024 crore for FY23; 17% increase YoY Net profit at Rs 468 crore for FY24 vs Rs 360 crore for FY23; 30% increase YoY Commenting on the Q4 and full year results, Gauri Kirloskar, Managing Director, Kirloskar Oil Engines, said "This quarter and the entire year have been exceptionally noteworthy for Kirloskar Oil Engines. We achieved our highest-ever quarterly and yearly revenue figures, surpassing Rs. 500 crore in international sales for the first time. I firmly attribute this success to the relentless efforts of our teams, fueled by robust market demand. This marks the beginning of our ambitious journey towards becoming a technology driven leader in the power and energy systems. From a business perspective, our CPCB IV+ products have experienced good traction, alongside the encouraging response for the newly introduced Optiprime range. Our B2B segment growth was backed by strong demand in key sectors such as construction, infrastructure, and railways. Meanwhile, our efforts focused to enhance profitability in the B2C segment have yielded substantial improvements in segment PBIT compared to the previous year. Undoubtedly, it has been a challenging year operationally, navigating the transitions associated with emission norm changes. However, thanks to the dedication of our team and the support of our partners, we have successfully managed this transition. As we embark on the final year of our 2X 3Y journey, I am confident in the readiness and determination of the entire Kirloskar Oil Engines team to stay the course." Result PDF08-05-2024