Shares of Kirloskar Oil Engines Ltd surged more than 5% in early trade on February 12 (IST) after the company reported robust third-quarter earnings, driven by strong revenue growth and margin expansion.
As of 9:57 AM IST, the stock touched an intraday high of ₹1,413.20, marking its 52-week high. The day’s low stood at ₹1,285.00. The stock opened at ₹1,350.00 compared to the previous close of ₹1,324.60.
Q3 Results: Revenue up 29.2%, EBITDA rises 31.2%
On a consolidated year-on-year (YoY) basis, Kirloskar Oil Engines reported revenue of ₹1,873 crore, up 29.2% from ₹1,449 crore in the same quarter last year.
EBITDA increased 31.2% to ₹331 crore compared to ₹253 crore in the year-ago period. EBITDA margin improved by 30 bps to 17.7% from 17.4% last year, reflecting better operational efficiency.
Net profit saw a sharp jump of 56.2% to ₹111 crore, up from ₹71.3 crore in the corresponding quarter of the previous financial year, indicating strong bottom-line performance.
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