Kirloskar Oil Engines Q2FY18 standalone net profit declines 29.8% yoy

India Infoline Research Team | October 13, 2017 14:13 IST

Kirloskar Oil Engines Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 646.7 [2.6]
EBITDA 84.9 68.3
EBITDA Margin (%) 13.1 554
Net Profit (adjusted) 29.8 [29.8]
***EBITDA margin change is bps


Reco. Price


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Kirloskar Oil Engines reported its standalone result for Q2FY18.

Its standalone revenue for the quarter came in at Rs. 646.7 crore, registering 2.6% yoy decline.

EBITDA for the quarter increased by 68.3% yoy to Rs. 84.9 crore with a corresponding margin expansion of 554 bps. EBITDA margin for the quarter stood at 13.1%. This margin expansion was led by decline in purchase of traded goods and cost of raw materials by 4% and 6% yoy respectively.

The PAT for the quarter came in at Rs. 29.8 crore, yoy decline of 29.8%. This was due to 13% yoy decline in other income.

Technical View:

Kirloskar Oil Engines Ltd is currently trading at Rs. 371, up by 11 points or 3.06% from its previous closing of Rs. 360 on the BSE.
The scrip opened at Rs. 371.65 and has touched a high and low of Rs. 392.40 and Rs. 358.55 respectively. So far 11,28,098(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

BSE 346.10 [10.55] ([2.96]%)
NSE 343.60 [11.50] ([3.24]%)

***Note: This is a NSE Chart



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