Kirloskar Oil Engines Q2 Results Live: Profit Rises by 63.54% YOY
Kirloskar Oil Engines Q2 Results Live: Revenue increased by 14.98% YoY & profit increased by 63.54% YoY.
Kirloskar Oil Engines Q2 Results Live : Kirloskar Oil Engines announced its Q2 results on November 12, 2024, revealing a significant year-on-year profit increase of 63.54%. The company's topline revenue saw an increase of 14.98% compared to the same quarter last year.
However, when compared to the previous quarter, the revenue experienced a decline of 8.27%, with profit dropping by 19.96%. This mixed performance raises questions about the company's short-term trajectory despite strong annual growth.
The company's Selling, General and Administrative expenses rose by 9.21% quarter-on-quarter and by a notable 32.54% year-on-year, indicating rising operational costs that could impact future profitability.
Operating income also saw a downturn, decreasing by 10.63% quarter-on-quarter but impressively increasing by 56.05% year-on-year, suggesting that while the company may be facing short-term challenges, its long-term outlook remains promising.
Earnings per share (EPS) for Q2 stood at ₹8.33, marking an increase of 54.92% year-on-year, further demonstrating strong underlying performance despite recent quarterly declines.
In the stock market, Kirloskar Oil Engines has shown a return of 2.86% over the past week, while it recorded a slight decline of 0.35% over the last six months. Year-to-date, the stock has soared with a remarkable 73.58% return.
Currently, Kirloskar Oil Engines boasts a market capitalization of ₹16,509.44 crore, with a 52-week high of ₹1,450 and a low of ₹526.35, indicating robust investor interest in the stock.
As of November 13, 2024, all three analysts covering the company have given it a 'Strong Buy' rating, reflecting widespread confidence in the company’s growth prospects.
The consensus recommendation as of November 13, 2024, remains a strong buy, suggesting that market analysts believe Kirloskar Oil Engines is well-positioned for continued success.
Kirloskar Oil Engines Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1500.32 | 1635.55 | -8.27% | 1304.83 | +14.98% |
| Selling/ General/ Admin Expenses Total | 136.64 | 125.12 | +9.21% | 103.09 | +32.54% |
| Depreciation/ Amortization | 32.92 | 30.34 | +8.5% | 29.89 | +10.14% |
| Total Operating Expense | 1232.12 | 1335.45 | -7.74% | 1132.96 | +8.75% |
| Operating Income | 268.2 | 300.1 | -10.63% | 171.87 | +56.05% |
| Net Income Before Taxes | 166.34 | 211.41 | -21.32% | 105.32 | +57.94% |
| Net Income | 127.51 | 159.3 | -19.96% | 77.97 | +63.54% |
| Diluted Normalized EPS | 8.33 | 10.56 | -21.09% | 5.38 | +54.92% |
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Business NewsCompaniesCompany ResultsKirloskar Oil Engines Q2 Results Live: Profit Rises by 63.54% YOY
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₹127.51Cr
₹1500.32Cr
First Published:13 Nov 2024, 11:41 AM IST
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