Kirloskar Oil Engines Ltd profit rises 53% to Rs 126 crore in June quarter
Kirloskar Oil Engines Limited on Thursday reported a 53 per cent jump in consolidated net profit to Rs 126 crore in the June quarter.
The company had delivered a consolidated net profit of Rs 82 crore in the year-ago period, Kirloskar Oil Engines said.
Revenue for the first quarter of the current fiscal was Rs 1,543 crore compared to Rs 1,191 crore last year, registering a 30 per cent increase, it said.
“We commenced the year on a positive note. This quarter witnessed substantial advancements in our B2B product lineup, marked by noteworthy product introductions and range expansions,” the company’s Managing Director Gauri Kirloskar said.
