Kirloskar Oil Engines Limited — Updates, 11-02-2025: Press Release

Kirloskar Oil Engines Ltd. reported a 3% growth in standalone sales for Q3 FY 25, reaching INR 1,154 Cr compared to INR 1,125 Cr in Q3 FY 24. The EBITDA margin decreased to 10.1%, with net profit at INR 65 Cr, down 17% year-over-year. For the nine months ending December 31, 2024, standalone net sales increased by 7% to INR 3,672 Cr, while net profit saw a 10% rise to INR 280 Cr. Gauri Kirloskar, Managing Director, noted challenges in the sector, particularly in the B2B Powergen segment due to muted demand post-emission norms transition. The B2C segment experienced a 14% decline. However, growth in infrastructure and construction demand remains robust, and the company expects recovery in the power generation market. Overall, while there are headwinds, the outlook for future quarters appears cautiously optimistic, with potential growth opportunities as market demand stabilizes.