Kirloskar Oil Engines Limited has reported its Q3 FY25 results, with revenue from operations increasing by 4.4% year-on-year (YoY) to Rs 1,453.70 crore, compared to Rs 1,391.30 crore in the same quarter last year. Total income, including other income of Rs 10.61 crore, amounted to Rs 1,464.31 crore during the quarter.
The company’s net profit declined 24.4% YoY to Rs 67.89 crore, compared to Rs 89.83 crore in Q3 FY24. The drop in profit is attributed to higher expenses, including increased raw material costs and other operating 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 came in at Rs 94.63 crore, compared to Rs 152.47 crore in the same quarter of the previous year. The company reported a total tax expense of Rs 26.74 crore.
Kirloskar Oil Engines remains focused on managing costs and operational efficiency to maintain profitability in the coming quarters.
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