Kirloskar Industries surges 5% after Q2 PAT jumps 79% yoy to Rs135cr

Total Income at Rs992.1cr for Q2 FY22 vs Rs504.1cr for Q2 FY21; 97% increase yoy.

November 01, 2021 9:33 IST | India Infoline News Service
Kirloskar Industries Ltd (KIL) has announced its financial results for the second quarter and first half of financial year FY 2022 ended September 30, 2021.

Review of Q2 & H1 FY 2021-22 Financial Performance (Consolidated):
  • Total Income at Rs992.1cr for Q2 FY22 vs Rs504.1cr for Q2 FY21; 97% increase yoy
  • PBT at Rs187.1cr for Q2 FY22 vs Rs96.6cr for Q2 FY21; 94% increase yoy
  • PAT at Rs134.7cr for Q2 FY22 vs Rs75.1cr for Q2 FY21; 79% increase yoy
  • Total Income at Rs1,824.0cr for H1 FY22 vs Rs726.1cr for H1 FY21; 151% increase yoy
  • PBT at Rs375.9cr for H1 FY22 vs Rs86.4cr for H1 FY21; 335% increase yoy
  • PAT at Rs275.7cr for H1 FY22 vs Rs59.4cr for H1 FY21; 364% increase yoy
Review of Q2 FY & H1 2021-22 Financial Performance (Standalone):
  • Total Income at Rs55.5cr for Q2 FY22 vs Rs17.3cr for Q2 FY21; 222% increase yoy
  • PBT at Rs49.5cr for Q2 FY22 vs Rs11.8cr for Q2 FY21; 319% increase yoy
  • PAT at Rs37.3cr for Q2 FY22 vs Rs9.6cr for Q2 FY21; 289% increase yoy
  • Total Income at Rs63.8cr for H1 FY22 vs Rs25.6cr for H1 FY21; 150% increase yoy
  • PBT at Rs53.1cr for H1 FY22 vs Rs13.9cr for H1 FY21; 281% increase yoy
  • PAT at Rs40.1cr for H1 FY22 vs Rs10.9cr for H1 FY21; 268% increase yoy
Commenting on the Q2 FY 2022 results, Mahesh Chhabria, Managing Director, KIL, said “We are pleased with our Q2 FY 2022 performance with 97% growth in total income and 79% growth in net profit at consolidated level. On the subsidiaries side, KFIL performance reported a strong Q2. The projects undertaken for the real estate subsidiary Avante Spaces Limited are progressing as planned. With this, we are positive about the growth plans we have set the company.”

At around 9:36 AM, Kirloskar Industries was trading at Rs1592 per piece higher by 4.56% on Sensex.

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