Kirloskar Brothers Shares Locked in 20% Upper Circuit At New 52-Wk High

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Kirloskar Brothers Shares Locked in 20% Upper Circuit At New 52-Wk High

By Malvika Gurung

Investing.com -- Shares of pump manufacturer Kirloskar Brothers (NS: KRBR ) have skyrocketed and are locked in a 20% upper circuit at Rs 507.7 apiece in Thursday’s intraday trade, following the release of strong earnings for the March-ended quarter on May 11, 2023.

Kirloskar Brothers have reported a sharp 92.9% jump in consolidated net profit at Rs 90.7 crore in the March quarter compared to Rs 47 crore in the year-ago period. The bottomline has risen marginally by 1.68% on a sequential basis from Rs 89.2 crore in the preceding quarter.

Its revenue from operations rose 17.8% YoY to Rs 1,124.6 crore in the Jan-Mar 2023 period from Rs 954.4 crore in the same period last year, and portrayed a similar growth on a quarter-on-quarter basis too, from Rs 957.5 crore in the December 2022 quarter.

The company’s total income grew by 18.8% on a YoY basis to Rs 1,137.7 crore in Q4 FY23 from Rs 957.9 crore in the year-ago period.

Its EBITDA in the period under focus jumped 53.1% YoY to Rs 145.1 crore, and the EBITDA margin rose to 12.9% in Q4 FY23 from 9.9/% year-on-year in the March 2022 quarter.

Further, Kirloskar Brothers’ earnings per share (EPS) zoomed almost 84% on a YoY basis to Rs 12.62 in the fourth quarter of FY23 from Rs 6.86 in the same period last year.

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