Kirloskar Brothers shines on reporting 93% rise in Q4 consolidated net profit
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Kirloskar Brothers is currently trading at Rs. 528.55, up by 20.85 points or 4.11% from its previous closing of Rs. 507.70 on the BSE.
The scrip opened at Rs. 536.05 and has touched a high and low of Rs. 565.10 and Rs. 521.35 respectively. So far 106536 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 565.10 on 12-May-2023 and a 52 week low of Rs. 243.00 on 27-May-2022.
Last one week high and low of the scrip stood at Rs. 565.10 and Rs. 414.10 respectively. The current market cap of the company is Rs. 4190.01 crore.
The promoters holding in the company stood at 65.95%, while Institutions and Non-Institutions held 10.86% and 23.19% respectively.
Kirloskar Brothers has reported results for fourth quarter (Q4) and year ended March 31, 2023. The company has reported over 2-fold jump in its net profit at Rs 79.50 crore for the quarter under review as compared to Rs 37.40 crore for the same quarter in the previous year. Total income of the company increased by 4.78% at Rs 809.40 crore for Q4FY23 as compared to Rs 772.50 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 92.98% rise in its net profit at Rs 90.70 crore for fourth quarter ended March 31, 2023 as compared to Rs 47.00 crore for the same quarter in the previous year. Total income of the company increased by 18.77% at Rs 1137.70 crore for Q4FY23 as compared to Rs 957.90 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported rise of 78.20% in its net profit at Rs 152.60 crore as compared to Rs 78.20 crore for the previous year. Total income of the company increased by 16.87% at Rs 2572.90 crore for year under review as compared to Rs 2201.60 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 225.10 crore as compared to Rs 81.50 crore for the previous year. Total income of the company increased by 21.60% at Rs 3757.50 crore for year under review as compared to Rs 3090.00 crore for year ended March 31, 2022.
