Kirloskar Ferrous Industries shares declined over 3% in early trade on February 11 after the company reported a mixed set of numbers for the third quarter. While EBITDA and margins showed improvement on a year-on-year (YoY) basis, net profit saw a marginal decline.
As of 9:28 AM IST, the stock touched an intraday low of Rs 443.00 and a high of Rs 469.00. The stock opened at Rs 464.60, unchanged from its previous close of Rs 464.60. The 52-week low stands at Rs 423.00, while the 52-week high is Rs 617.50.
On a consolidated basis, revenue rose 0.64% YoY to Rs 1,618.01 crore in Q3, compared to Rs 1,607.60 crore in the corresponding quarter last year, indicating largely flat top-line growth.
EBITDA increased 6.95% YoY to Rs 185.89 crore from Rs 173.80 crore. EBITDA margin improved by 67 basis points to 11.48%, compared to 10.81% in the year-ago period, reflecting better operating efficiency despite muted revenue growth.
However, net profit declined 1.82% YoY to Rs 53.32 crore versus Rs 54.31 crore reported in the same quarter last year.
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