Kirloskar Industries Limited — Updates, 14-11-2024: Press Release

Kirloskar Industries Limited reported its financial results for the second quarter and first half of FY 2025, showing positive momentum in certain areas while facing challenges in others. Standalone total income surged to INR 50 crore in Q2, up 213% from Q1, with net profit rising to INR 35 crore, marking a 467% quarter-on-quarter increase. However, on a year-on-year basis, total income for H1 decreased by 15% to INR 66 crore, and net profit also fell by 15% to INR 41 crore.

Consolidated figures demonstrated a slight increase in total income for Q2, reaching INR 1,706 crore, a 9% rise from Q1. Net profit climbed to INR 91 crore, up 38% Q-o-Q. Year-on-year, though, total income for H1 saw a 5% increase, while net profit decreased by 15% to INR 158 crore.

Notably, the recent merger of Kirloskar Ferrous Industries and ISMT Limited has been completed, establishing a unified entity that is critical for KIL's growth strategy. The real estate subsidiary, Avante, continues to develop a significant project, showing steady progress. Overall, while there are promising signs, investors should remain vigilant regarding year-on-year performance trends.