Kirloskar Industries announces FY2022 results

Kirloskar Industries Limited (KIL) (BSE: 500243; NSE: KIRLOSIND), has announced its financial results for the fourth quarter and financial year FY 2022 ended 31 March 2022.

Commenting on the Q4 and FY 2022 results, Mr. Mahesh Chhabria, Managing Director, KIL, said "This was a good quarter for KIL. The standalone business top line grew at 29% as compared to Q4 last year. This was mainly on account of higher dividend income. On the consolidated side, during the quarter our subsidiary Kirloskar Ferrous Industries Limited acquired ISMT Limited to foray into pipe and valueadded steel products. We are confident of value unlocking through these invested companies. On the real estate side, Avante Spaces Limited is progressing as planned."

The Board of Directors at its meeting held today has declared a Final Dividend of INR 10 per equity share of INR 10 each (i.e.100 percent) for financial year 2021-2022.

Review of FY 2021-22 Financial Performance (Consolidated):

- Total Income at INR 3,820.1 Cr for FY22 vs INR 2,082.3 Cr for FY21
- PBT at INR 568.3 Cr for FY22 vs INR 377.7 Cr for FY21
- PAT* at INR 316.2 Cr for FY22 vs INR 311.5 Cr for FY21

Review of FY 2021-22 Financial Performance (Standalone):

- Total Income at INR 102.7 Cr for FY22 vs INR 58.1 Cr for FY21
- PBT at INR 80.1 Cr for FY22 vs INR 32.5 Cr for FY21
- PAT* at INR 60.9 Cr for FY22 vs INR 27.2 Cr for FY21

Shares of Kirloskar Industries Limited was last trading in BSE at Rs. 1387.50 as compared to the previous close of Rs. 1308.75. The total number of shares traded during the day was 637 in over 177 trades.

The stock hit an intraday high of Rs. 1415.00 and intraday low of 1286.00. The net turnover during the day was Rs. 858066.00.

*PAT is before Other Comprehensive Income

Source : Equity Bulls

Keywords

KirloskarIndustries INE250A01039 Q4FY22 FY2022 ResultUpdate