Kilburn Engineering Ltd, has reported a substantial 27% growth in revenue, reaching ₹85.25 crore in the fourth quarter of the last fiscal year compared to ₹66.68 crore in the same period of FY23. Despite a marginal decline in profit after tax to ₹12.24 crore in Q4FY24 from ₹12.34 crore in Q4FY23, the company’s overall performance demonstrates significant financial progress.
On a yearly basis, Kilburn Engineering witnessed a remarkable growth trajectory, with income from operations on a standalone basis surging by 32.3% to ₹293.21 crore in FY24 from ₹221.53 crore in FY23. Profit after tax also saw a substantial increase of 31.61% to ₹39.67 crore from ₹30.14 crore. In line with its positive performance, the company has recommended a dividend of ₹2 per share to its shareholders.
During the last quarter, Kilburn Engineering completed the acquisition of a 100% stake in M.E. Energy for ₹98.69 crore, subsequently making it a wholly owned subsidiary. Additionally, the company secured orders worth ₹79 crore during this period, further bolstering its financial outlook.
Ranjit Lala, Managing Director of Kilburn Engineering, expressed satisfaction with the company’s robust financial results, citing significant growth in both revenue from operations and EBITDA. He emphasized confidence in sustained growth in the coming years, driven by a robust order book and promising prospects on the horizon.
Amritanshu Khaitan, Director of Kilburn Engineering, echoed Lala’s sentiments, expressing enthusiasm about the company’s future trajectory, particularly following the strategic acquisition of M.E. Energy. Khaitan highlighted the company’s focus on drying solutions and energy management, signaling optimism for the upcoming year.
Kilburn Engineering’s strong financial performance underscores its resilience and strategic vision in navigating the dynamic landscape of the engineering industry, positioning it for continued success in the future.
