Shares of Kirloskar Industries Ltd. gained over 6% on Tuesday, May 19, following the company's fourth quarter earnings announcement. According to reports from CNBC TV18, the stock was trading 6.4% higher at ₹3,250.8 per share at 2:50 pm on Tuesday. The positive market reaction came despite the company reporting mixed financial results for the quarter.
The company's financial results showed mixed performance across key metrics. As reported by CNBC TV18, revenue increased by 3% to ₹1,828 crore in the fourth quarter from ₹1,774 crore in the previous year. However, net profit declined 8% to ₹43 crore compared to ₹46.8 crore last year. EBITDA fell 6.9% to ₹216 crore from ₹232 crore in the year-ago period, with margins contracting to 11.8% from 13%.
The company's board of directors recommended a final dividend of ₹13 per equity share of ₹10 each for financial year 2026. According to the company's statement reported by CNBC TV18, this dividend is subject to approval by the company's members at the upcoming annual general meeting. If approved, the final dividend will be paid within 30 days from the date of declaration by the members at the meeting.
The quarterly results highlight the company's operational challenges despite revenue growth. As reported by CNBC TV18, the EBITDA decline of 6.9% and margin contraction of 1.2 percentage points indicate pressure on profitability despite the 3% revenue increase. The 8% drop in net profit further reflects the impact of operational challenges on the company's bottom line performance.
