Kirloskar Oil Engines Limited Announces Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
January 25, 2017 at 01:33 pm IST
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Kirloskar Oil Engines Limited announced consolidated unaudited earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported net sales/income from operations of INR 67.678 million, profit from operations before other income and finance costs and exceptional items of INR 3.034 million, profit from ordinary activities before tax of INR 471.00 million, net profit of INR 2.807 million or INR 1.94 basic and diluted per share compared to the net sales/income from operations of INR 63.681 million, profit from operations before other income and finance costs and exceptional items of INR 3.272 million, profit from ordinary activities before tax of INR 3.781 million, net profit of INR 2.879 million or INR 1.99 basic and diluted per share for the same quarter a year ago.
For the year to date, the company reported net sales/income from operations of INR 20,802.00 million, profit from operations before other income and finance costs and exceptional items of INR 13.105 million, profit from ordinary activities before tax of INR 19.267 million, net profit of INR 1,294.00 million or INR 8.95 basic and diluted per share compared to the net sales/income from operations of INR 187.511 million, profit from operations before other income and finance costs and exceptional items of INR 9.464 million, profit from ordinary activities before tax of INR 13.236 million, net profit of INR 10.692 million or INR 7.39 basic and diluted per share for the same period a year ago.
Kirloskar Oil Engines Limited is an India-based company, which is engaged in the business of manufacturing of engines, generating sets, pump sets and power tillers and spares thereof. The Company operates through three segments: Business to Business (B2B), Business to Customer (B2C) and Financial Services. Its B2B segment includes businesses related to fuel agnostic internal combustion engine platforms. The businesses include power generation, industrial and distribution & aftermarket and international business. Its power generation business includes engines, gensets, backup solutions, across a range of power output from two kilovolt amperes (kVA) to 3000 kVA. The industrial engine business activities are molded completely according to the motive power needs of customers who require products from over 20 horsepower (hp) to 750 hp in the industrial engine space globally. Its B2C segment consists of water management solutions and farm mechanization solutions.