Kirloskar Oil Engines Ltd Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 25, 2012 at 08:44 pm IST
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Kirloskar Oil Engines Ltd. reported unaudited earnings results for the third quarter and nine months ended December 30, 2011. For the quarter, the company reported total operating income of INR 5,950.8 million against INR 5,885.3 million for the same period last year. Profit from operations before other income, interest and exceptional items were INR 468.5 million against INR 534.4 million for the same period last year. Profit before interest and exceptional items were INR 567.6 million against INR 573.7 million for the same period last year. Profit from ordinary activities before tax was INR 508.7 million against INR 548.0 million for the same period last year. Net profit for the period was INR 349.3 million or INR 2.40 per basic and diluted share against INR 393.2 million or INR 2.70 per basic and diluted share for the same period last year.
For the nine months period, the company reported total operating income of INR 17,393.3 million against INR 18,013.0 million for the same period last year. Profit from operations before other income, interest and exceptional items were INR 1,586.7 million against INR 1,917.8 million for the same period last year. Profit before interest and exceptional items were INR 1,813.8 million against INR 2,029.8 million for the same period last year. Profit from ordinary activities before tax was INR 2,069.8 million against INR 1,775.6 million for the same period last year. Net profit for the period was INR 1,351.9 million or INR 9.28 per basic and diluted share against INR 1,261.0 million or INR 8.66 per basic and diluted share for the same period last year.
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.
KIRLOSKAR OIL ENGINES LIMITED 
