Kirloskar Pneumatic Company Ltd (KPCL) (BSE: 505283, NSE: KIRLPNU), a prominent player in Air, Refrigeration & Gas Compression business in India, announced its financial results for Q2 FY25.
Revenue from operations and PBT for the quarter showed growth over the corresponding quarter of the previous year by over 53% and 240% respectively. Net Profit after tax has increased by over 234%.Q2 F25 Total Income was at Rs. 437 Cr compared to Rs. 286 Cr of Q2 F24. PBT at Rs. 92 Cr was at 21% of total income which is higher than Q2 F24 PBT of Rs. 27 Cr was at 9%.
Order book stood around INR 1,780 Cr as on 1st October 24, which is 23% higher than at the beginning of Q3 FY24. (Rs.1,450 Cr as on 1st October 2023).
Compression business continues to be around 94% of the Company’s revenue and remains the only reporting segment.The company entered into a Share purchase Agreement to acquire 55.26% of the shares in M/s. Systems & Components India Private Limited who is a significant player in the Refrigeration packages for Pharma, Chemical and Dairy industry. With this acquisition the company will have a stronger presence in Refrigeration and Chiller packaging space thus expanding the addressable market for KPCL. We expect to close this transaction by the end of December 2024.
Revenue from operations was at INR 431 Cr as against INR 282 Cr in Q2 FY24, witnessing a growth of about 53%. Consequentially total Income stood at INR 437 Cr as against INR 286 Cr of Q2 FY24. The EBITDA margin however improved to 23 % of total income compared to 13 % in Q2 FY24. PBT was at INR 92 Cr (21% of total income) compared to INR 27 Cr (9%) of Q2 FY 24, registering a growth of over 240%. Profit after tax improved to 16% of the total income and stood at INR 68 Cr representing 240% growth over net profit after tax of Q2 FY24 when it stood at INR 20 Cr (7% of total income). Basic EPS in CY (Q2) improved to Rs. 10.42 per share compared to Rs 3.12 per share in PY (Q2).
Revenue from operations of Rs. 706 Cr for FY25 as against Rs. 524 Cr for FY24; 35% growth Y-o-Y.
