Kirloskar Oil Engines Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 22, 2013 at 10:37 pm IST
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Kirloskar Oil Engines Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 5,308.9 million compared to INR 5,859.0 million a year ago. Profit from operations before other income, financial cost & exceptional items was INR 511.8 million compared to INR 454.0 million a year ago. Profit from ordinary activities before tax was INR 602.6 million compared to INR 509.8 million a year ago. Net profit from ordinary activities after tax and net profit was INR 448.5 million or INR 3.09 per basic and diluted share before and after extraordinary items compared to INR 351.0 million or INR 2.41 per basic and diluted share before and after extraordinary items for the same period a year ago.
For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 17,316.0 million compared to INR 17,024.0 million a year ago. Profit from operations before other income, financial cost & exceptional items was INR 1,834.2 million compared to INR 1,533.8 million a year ago. Profit from ordinary activities before tax was INR 1,925.0 million compared to INR 2,067.8 million a year ago. Net profit from ordinary activities after tax and net profit was INR 1,396.7 million or INR 9.63 per basic and diluted share before and after extraordinary items compared to INR 1,351.8 million or INR 9.28 per basic and diluted share before and after extraordinary items 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.