Capitaline

Operating profit margin has declined from 18.55% to 17.52%, leading to 1.27% decline in operating profit to Rs 254.75 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 45.28% to 42.89%. Purchase of finished goods cost fell from 12.52% to 11.60%. Employee cost increased from 8.04% to 9.34%. Other expenses rose from 15.59% to 18.35%.

Other income rose 67.09% to Rs 10.61 crore. PBIDT rose 0.37% to Rs 265.36 crore. Provision for interest rose 63.61% to Rs 133.44 crore.

PBDT fell 27.84% to Rs 131.92 crore. Provision for depreciation rose 20.21% to Rs 37.29 crore.

Profit before tax down 37.66% to Rs 94.63 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 26.74 crore, compared to Rs 32.19 crore. Effective tax rate was 28.26% compared to 26.48%.

Minority interest decreased 693.02% to Rs -3.41 crore. Net profit attributable to owners of the company decreased 20.62% to Rs 71.30 crore.

Sales of Financial Services segment has gone up 43.93% to Rs 211.61 crore (accounting for 14.56% of total sales). Sales of B2B segment has gone up 3.49% to Rs 1,018.33 crore (accounting for 70.05% of total sales). Sales of B2C segment has gone down 13.65% to Rs 223.76 crore (accounting for 15.39% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has slumped 36.30% to Rs 98.87 crore. PBIT of Financial Services segment fell 22.73% to Rs 28.62 crore (accounting for 28.95% of total PBIT). PBIT of B2B segment fell 14.01% to Rs 91.03 crore (accounting for 92.07% of total PBIT). PBIT of B2C reported loss of Rs 20.78 crore compared to profit of Rs 12.31 crore.
PBIT margin of Financial Services segment fell from 25.19% to 13.52%. PBIT margin of B2B segment fell from 10.76% to 8.94%. PBIT margin of B2C segment fell from 4.75% to 9.29%. Overall PBIT margin fell from 11.17% to 6.80%.

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Kirloskar Oil Engines has increased 8.38% to Rs 4596.24 crore. Sales of Financial Services segment has gone up 43.37% to Rs 576.45 crore (accounting for 12.54% of total sales). Sales of B2B segment has gone up 8.05% to Rs 3,249.22 crore (accounting for 70.69% of total sales). Sales of B2C segment has gone down 7.05% to Rs 770.57 crore (accounting for 16.77% of total sales).

Profit before interest, tax and other unallocable items (PBIT) has jumped 6.24% to Rs 460.42 crore. PBIT of Financial Services segment fell 6.28% to Rs 78.33 crore (accounting for 17.01% of total PBIT). PBIT of B2B segment rose 21.76% to Rs 382.08 crore (accounting for 82.99% of total PBIT). PBIT of B2C segment fell 99.97% to Rs 0.01 crore (accounting for 0.00% of total PBIT).

PBIT margin of Financial Services segment fell from 20.79% to 13.59%. PBIT margin of B2B segment rose from 10.43% to 11.76%. PBIT margin of B2C segment fell from 4.34% to 0.00%. Overall PBIT margin fell from 10.23% to 10.02%.

Operating profit margin has jumped from 17.16% to 19.10%, leading to 20.62% rise in operating profit to Rs 877.69 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 46.37% to 45.48%. Purchase of finished goods cost fell from 13.29% to 11.61%. Employee cost increased from 7.18% to 8.40%. Other expenses fell from 16.01% to 15.84%.

Other income rose 65.81% to Rs 31.57 crore. PBIDT rose 21.77% to Rs 909.26 crore. Provision for interest rose 51.77% to Rs 352.35 crore.

PBDT rose 8.24% to Rs 556.91 crore. Provision for depreciation rose 14.64% to Rs 100.55 crore.

Profit before tax grew 6.92% to Rs 456.36 crore. Share of profit/loss was 25.51% lower at Rs 0.73 crore. Provision for tax was expense of Rs 123.12 crore, compared to Rs 104.02 crore. Effective tax rate was 26.06% compared to 26.21%.

Minority interest decreased 1,958.14% to Rs -8.85 crore. Net profit attributable to owners of the company increased 22.09% to Rs 358.11 crore.

Promoters’ stake was 41.16% as of 31 December 2024 ,compared to 41.23% as of 31 December 2023 .

Quarter ended

Year to Date

Year ended

Particulars

202412

202312

Var.(%)

202412

202312

Var.(%)

202403

202303

Var.(%)

Net Sales (including other operating income)

1,453.70

1,391.30

4.49

4,596.24

4,240.74

8.38

5,898.32

5,023.80

17.41

OPM (%)

17.52

18.55

-102 bps

19.10

17.16

194 bps

17.43

14.66

277 bps

254.75

258.03

-1.27

877.69

727.65

20.62

1,028.24

736.52

39.61

Other Inc.

10.61

6.35

67.09

31.57

19.04

65.81

28.64

25.69

11.48

PBIDT

265.36

264.38

0.37

909.26

746.69

21.77

1,056.88

762.21

38.66

Interest

133.44

81.56

63.61

352.35

232.16

51.77

328.88

209.89

56.69

PBDT

131.92

182.82

-27.84

556.91

514.53

8.24

728.00

552.32

31.81

Depreciation

37.29

31.02

20.21

100.55

87.71

14.64

118.8

104.66

13.51

PBT

94.63

151.80

-37.66

456.36

426.82

6.92

609.2

447.66

36.09

Share of Profit/(Loss) from Associates

0.67

0.73

0.98

-25.51

1.33

1.27

4.72

PBT before EO

94.63

152.47

-37.94

457.09

427.8

6.85

610.53

448.93

36.00

EO Income

-30.89

15.29

-30.89

-15.29

PBT after EO

94.63

121.58

-22.17

472.38

396.91

19.01

595.24

448.93

32.59

Taxation

26.74

32.19

-16.93

123.12

104.02

18.36

155.54

117.28

32.62

PAT

67.89

89.39

-24.05

349.26

292.89

19.25

439.7

331.65

32.58

Minority Interest (MI)

-3.41

-0.43

-693.02

-8.85

-0.43

-1,958.14

-2.17

-0.75

-189.33

Net profit

71.3

89.82

-20.62

358.11

293.32

22.09

441.87

332.4

32.93

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

71.3

89.82

-20.62

358.11

293.32

22.09

441.87

332.4

32.93

EPS (Rs)*

4.91

7.76

-36.68

23.88

21.78

9.61

31.23

22.90

36.34

* EPS is on current equity of Rs 29.03 crore, Face value of Rs 2, Excluding extraordinary items.

# EPS is not annualised

bps : Basis points

EO : Extraordinary items

Figures in Rs crore

Source: Capitaline Corporate Database

Quarter ended

Year to Date

Year ended

% of (Total)

202412

202312

Var.(%)

% of (Total)

202412

202312

Var.(%)

% of (Total)

202403

202303

Var.(%)

Sales

Engines

0.00

Electric Pumps

0.00

Others

0.00

Financial Services

14.56

211.61

147.02

43.93

12.54

576.45

402.08

43.37

9.57

564.55

370.79

52.26

B2B

70.05

1,018.33

983.95

3.49

70.69

3,249.22

3,007.19

8.05

71.69

4,228.42

3,582.14

18.04

B2C

15.39

223.76

259.13

-13.65

16.77

770.57

829.03

-7.05

18.74

1,105.35

1,070.87

3.22

Total Reported Sales

100.00

1,453.70

1,390.10

4.58

100.00

4,596.24

4,238.30

8.45

100.00

5,898.32

5,023.80

17.41

Less: Inter segment revenues

0.00

Net Sales

100.00

1,453.70

1,390.10

4.58

100.00

4,596.24

4,238.30

8.45

100.00

5,898.32

5,023.80

17.41

PBIT

Engines

0.00

Electric Pumps

0.00

Others

0.00

Financial Services

28.95

28.62

37.04

-22.73

17.01

78.33

83.58

-6.28

17.16

105.80

82.27

28.60

B2B

92.07

91.03

105.86

-14.01

82.99

382.08

313.79

21.76

74.66

460.25

336.49

36.78

B2C

-21.02

-20.78

12.31

0.00

0.01

36.01

-99.97

8.18

50.45

29.09

73.43

Total PBIT

100.00

98.87

155.21

-36.30

100.00

460.42

433.38

6.24

100.00

616.50

447.85

37.66

Less : Interest

5.96

3.36

77.38

15.82

9.28

70.47

13.33

13.73

-2.91

Add: Other un-allcoable

1.72

-30.27

27.78

-27.19

-7.93

14.81

PBIT Margin(%)

Engines

0.00

Electric Pumps

0.00

Others

0.00

Financial Services

13.52

25.19

-1,166.90

13.59

20.79

-719.86

18.74

22.19

-344.72

B2B

8.94

10.76

-181.95

11.76

10.43

132.45

10.88

9.39

149.11

B2C

-9.29

4.75

-1,403.72

0.00

4.34

-434.23

4.56

2.72

184.77

PBT

100.00

94.63

121.58

-22.17

100.00

472.38

396.91

19.01

100.00

595.24

448.93

32.59