Kirloskar Brothers Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 25, 2019 at 05:45 am EST
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Kirloskar Brothers Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported revenue from operations (net of excise) of INR 5,180 million against INR 4,421 million for the same period a year ago. Net profit was INR 129 million against INR 91 million for the same period a year ago. Basic earnings per share were INR 1.62 against INR 1.15 for the same period a year ago.
For the nine months, the company reported revenue from operations (net of excise) of INR 14,623 million against INR 12,987 million for the same period a year ago. Net profit was INR 510 million against INR 331 million for the same period a year ago. Basic earnings per share were INR 6.42 against INR 4.17 for the same period a year ago.
Kirloskar Brothers Limited is engaged in engineering and manufacturing a range of pumps, valves, hydro-turbines and systems for multiple applications. It specializes in engineering and manufacturing of fluid management systems. The Companyâs business verticals include building and construction, process industry, irrigation, marine and defense, oil and gas, power, valves, water resource management, and retail pumps. It provides complete fluid management solutions for large infrastructure projects in the areas of water supply, power plants, irrigation, building and construction, oil and gas industry, and marine and defense. The Company manufactures industrial, agriculture and domestic pumps, valves and hydro-turbines. Its product type includes end suction pumps, split-case pumps, multi-stage pump, sump pump, vertical inline pump, vertical turbine pump, non-clog submersible pump, and special engineered pump. Its applications include water distribution, lift irrigation, and desalination.