Kirloskar Oil Engines Limited — Updates, 12-11-2024: Press Release

Kirloskar Oil Engines Ltd. reported a robust 13% growth in net sales for Q2 FY 2025, reaching INR 1,184 Cr compared to INR 1,047 Cr in the same quarter last year. EBITDA saw a significant increase of 35% year-on-year, totaling INR 148 Cr with an improved margin of 12%, up from 10% a year earlier. Net profit surged 48% to INR 98 Cr, reflecting strong operational performance. The company benefitted from increased demand particularly in the infrastructure and construction sectors, despite challenges in the B2C segment due to a planned plant transition. The completion of a new manufacturing facility in Sanand and consolidation of operations in Ahmedabad are pivotal for future growth. Looking ahead, KOEL remains cautiously optimistic for H2 demand, particularly following a low base in the previous period affected by elections. Overall, the results suggest a positive outlook for the company with underlying strategic initiatives positioning it for growth.