KIRLOSKAR PNEUMATIC CO.LTD. - 505283 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation26-10-2023
KIRLOSKAR PNEUMATIC CO.LTD. - 505283 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement20-10-2023
Kirloskar Pneumatic Q2 PBT up 14 per cent at Rs26.8crore
Revenue from operations up over 16 per cent Q-o-Q19-10-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Kirloskar Pneumatic Company Ltd.
Industrial Machinery company Kirloskar Pneumatic Company announced Q2FY24 & H1FY24 results: 1. Financial Results: The company reported a 15% growth in income QoQ, with revenue from operations showing a 16%+ increase over Q1FY24. However, H1FY24 revenue was lower compared to the previous year due to lower export sales. 2. Order Book: Despite the decrease in revenue, KPCL received robust order bookings with an additional order inflow of over Rs 340 crore in H1FY24 compared to H1FY23. The company's orders in hand as of September 30, 2023, amounted to Rs 1,450 crore, indicating a strong sales execution in H2. 3. Profitability: Profit before tax (PBT) for Q2FY24 was Rs 26.8 crore, a growth of 14% over Q1FY24 PBT of Rs 23.5 crore. However, for H1FY24, PBT was at Rs 50.3 crore compared to Rs 57.6 crore in the previous year, mainly due to lower sales in the export market. 4. New Product Launch: KPCL introduced the Aria range of competitively priced standard air compressors to cater to a large market that is currently dominated by imports. This new offering is expected to enhance the company's market position and increase its competitiveness. 5. Vertical Integration: With the commissioning of the Forging and Fabrication facility at Nashik, KPCL has achieved greater vertical integration and improved its competitiveness in terms of offerings and speed of execution. This will positively impact the company's operations and customer satisfaction. 6. Segment Focus: The compression business continues to contribute over 90% to the company's revenue and remains its sole reporting segment. KPCL's expertise in this area is a key driver of its overall performance. Result PDF19-10-2023