Kirloskar Industries Ltd (KIL) reported healthy growth for the second quarter of fiscal 2022 with a 97 percent growth in total income. The company posted a net profit of Rs 134.7 crore – 79 per cent year-on-year growth at the consolidated level for the quarter on the back of the strong performance of the subsidiary.

Commenting on the second quarter FY22 results, Mahesh Chapriya, Managing Director of KIL, said in a press release, “We are pleased with the Q2 FY22 performance with 97 percent growth in gross income and 79 percent growth in net profit on a consolidated level. On the subsidiaries side, KFIL recorded a strong performance in the second quarter. The projects executed for the real estate subsidiary Avante Spaces Limited are progressing as planned. With this, we are optimistic about the growth plans we have put in place for the company.”

Reporting on the review of financial performance for the second quarter and first half of FY21-2022 (consolidated), the company reported total income at Rs.992.1 crore for Q2FY22 as against Rs.504.1 crore for Q2FY21- an increase of 97 per cent on a basis. annual. PBT at Rs. 187.1 crore for Q2 FY22 as against Rs. 96.6 crore for Q2 FY21 – 94 per cent increase YoY.

company performance

PAT at Rs. 134.7 crore for Q2 FY22 as against Rs. 75.1 crore for Q2 FY21; 79 percent year-over-year increase.

Total Income at Rs.1,824.0 crore for the first half of FY22 as against Rs.726.1 crore for the first half of FY21; 151 percent year-over-year increase.

PBT at Rs 375.9 crore for the first half of FY22 as against Rs. 86.4 crore for the first half of FY21; 335 percent year-over-year increase.

PAT* at Rs. 275.7 crore for the first half of FY22 as against Rs. 59.4 crore for the first half of FY21; 364 percent year-over-year increase.

Review of the financial performance for the second quarter of the fiscal year and the first half of 2021-22 (independent):

Gross income of Rs.55.5 crore for the second quarter of FY22 as against Rs.17.3 crore for the second quarter of FY21; 222 percent year-over-year increase.

PBT at Rs 49.5 crore for Q2 FY22 as against Rs 11.8 crore for Q2 FY21; 319 percent year-over-year increase.

PAT* at Rs. 37.3 crore for Q2 FY22 as against Rs. 9.6 crore for Q2 FY21; 289 percent year-over-year increase.

Gross income at Rs.63.8 crore for the first half of FY22 as against Rs.25.6 crore for the first half of FY21; 150 percent year-over-year increase.

PBT at Rs 53.1 crore for the first half of FY 22 as against Rs. 13.9 crore for the first half of FY 21; 281 percent year-over-year increase.

PAT* at ₹40.1 crore for the first half of FY22 as opposed to Rs.10.9 crore for the first half of FY21; 268 percent year-over-year increase.

* PAT before other comprehensive income

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