Kirloskar Brothers' revenue down by 4.7% yoy at Rs725.30cr; stock skids ~2%

14 Feb 2022 , 12:38 PM

Kirloskar Brothers Ltd., a leading pump manufacturing company, announced its results for the quarter and nine months ended December 2021. Following this, its stock dipped by 1.66% in today’s trade at Rs335 against its previous closing price of Rs340.65. Its intraday high and low were Rs344.15 and Rs335 respectively.

Kirloskar brothers reported a 4.7% yoy decline in its revenue for the quarter ended December 2021 at Rs725.30 crore as compared to Rs760.80 crore for the previous corresponding quarter.

Revenue for 9M ended December 2021 stood at Rs2,103.20 crore, reflecting a gain of 13.2% yoy over the corresponding 9M period.

Company’s EBITDA for Q3FY22 reported at Rs59.10 crore against Rs106.90 crore for Q3FY21, down by 44.70% yoy.

Its PAT for the current quarter stood at Rs20 crore against Rs69 crore for the Q3FY21, down by 71% yoy. PAT for 9M ended December 2021 stood at Rs34.50 crore.

PAT and EBIDTA margin were reported at 2.8% and 8.1% respectively.