Kirloskar Pneumatics announces a healthy Q3 earnings, declares interim dividend

28 Jan 2022 , 01:52 PM

Kirloskar Pneumatic Company Ltd. announced its results for the quarter ending December 2021. However, its stock remained in a bearish tone on Friday, and was last trading at Rs 453.75, against the previous closing of Rs 471.75, down by Rs 18 or 3.82%. 

The company’s operating revenue stood at Rs 227 crore for Q3 FY’22 against Rs 180 crore for Q3 FY’21, up by 26% YoY. While sales for the 9M period ending December 2021, grew by 53% at Rs 623 crore against Rs 408 crore for the previous corresponding period.

Its EBITDA stood for the 9M period ending December 2021 stood at Rs 70 crore, as against Rs 49 crore, showing growth of 12% YoY.

The company’s PAT stood at Rs 30.5 crore for the 9M period ending December 2021, as against Rs 13.5 crore, up by 125.93% YoY.

Kirloskar Pneumatic reported an interim dividend of Rs 1.60 per equity share of Rs 2 each.

The Company inaugurated its new Process Gas Plant of 1,400 square meters at Saswad that could help in quicker execution of the large gas package orders.