Kirloskar Oil Engines Ltd. (KOEL) announced its Q2 FY25 results, reporting a 48% year-on-year (YoY) increase in standalone net profit to ₹98 crore, compared to ₹66 crore in the same quarter last year. The company’s revenue from operations for the quarter rose 13% YoY to ₹1,184 crore, up from ₹1,047 crore in Q2 FY24. Standalone EBITDA also saw a robust growth of 35% YoY to ₹148 crore, achieving an EBITDA margin of 12% for the quarter.
Commenting on the results, Gauri Kirloskar, Managing Director, highlighted that KOEL benefited from strong demand in infrastructure and construction sectors, particularly in the B2B segment, which grew 17% YoY. The company completed the construction of a new manufacturing facility in Sanand and consolidated operations in Ahmedabad to drive efficiency.
For the consolidated performance, KOEL’s revenue increased by 15% YoY to ₹1,500 crore, while net profit rose 23% YoY to ₹106 crore.
In the half-year period, standalone revenue stood at ₹2,518 crore, marking a 9% YoY increase, with net profit at ₹215 crore, up 22% YoY. The consolidated half-year revenue was ₹3,136 crore, a 10% YoY increase, with net profit reaching ₹239 crore, also up by 10%.
Kirloskar Oil Engines Ltd., a leader in internal combustion engines and generator sets, remains cautiously optimistic about future demand, expecting stronger growth in the second half of the fiscal year due to an improved market environment.
