Shares of Kirloskar Oil Engines Limited fell 5.51% to ₹738.15 on Tuesday after the company reported a 24.4% year-on-year (YoY) decline in net profit for Q3 FY25. The company’s revenue from operations increased 4.4% YoY to Rs 1,453.70 crore, up from Rs 1,391.30 crore in the same quarter last year. Including other income of Rs 10.61 crore, the total income stood at Rs 1,464.31 crore during the quarter.
Net profit declined to Rs 67.89 crore, compared to Rs 89.83 crore in Q3 FY24, primarily due to higher operating costs and raw material expenses. Total expenses for the quarter rose to Rs 1,369.68 crore, up from Rs 1,245.85 crore in the corresponding quarter last year. The cost of raw materials consumed stood at Rs 612.99 crore, while purchases of traded goods amounted to Rs 165.85 crore.
Profit before tax fell to Rs 94.63 crore, compared to Rs 152.47 crore in the same quarter last year, with the company reporting a total tax expense of Rs 26.74 crore.
The stock has a market capitalization of Rs 105.51 billion, with a price-to-earnings (P/E) ratio of 20.10 and a dividend yield of 0.83%. The share price traded within a day range of ₹708.15 – ₹749.20, with a 52-week range of ₹708.15 – ₹1,450.00.
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