Shares of Kirloskar Pneumatic saw a nearly 6% surge, hitting an all-time high. Investors reacted positively to the company’s robust growth in revenue and profit for the quarter ending September 30, 2024.
Key Financial Highlights (Q2 FY25 vs Q2 FY24):
- Revenue from Operations: ₹430.67 crore, a significant 52.7% increase year-on-year compared to ₹281.92 crore in the same quarter last year.
- Net Profit: The company posted a net profit of ₹67.53 crore, marking a threefold rise from ₹20.18 crore in Q2 FY24.
Performance for H1 FY25:
For the six months ending September 30, 2024, Kirloskar Pneumatic reported:
- Revenue: ₹705.94 crore, up from ₹524.14 crore in the same period last year.
- Net Profit: ₹94.43 crore, a significant improvement over ₹38.11 crore in the corresponding period in FY24.
The company’s strong financial performance, driven by growth across its diversified product range, has bolstered investor confidence, leading to the recent surge in its share price. As of the close, Kirloskar Pneumatic’s market cap stands at ₹9,550 crore.
Kirloskar Pneumatic Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Fri, Oct 25 2024
|
₹1,349.00
|
₹1,472.75
|
|
|
Thu, Oct 24 2024
|
₹1,359.00
|
₹1,338.75
|
-1.36%
|
|
Wed, Oct 23 2024
|
₹1,356.00
|
₹1,357.25
|
-1.19%
|
|
Tue, Oct 22 2024
|
₹1,464.00
|
₹1,373.55
|
-5.29%
|
|
Mon, Oct 21 2024
|
₹1,457.75
|
₹1,450.20
|
|
|
Fri, Oct 18 2024
|
₹1,493.10
|
₹1,436.20
|
-3.81%
|
|
Thu, Oct 17 2024
|
₹1,545.00
|
₹1,493.10
|
-1.74%
|
|
Wed, Oct 16 2024
|
₹1,529.00
|
₹1,519.50
|
|
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