Kirloskar Industries Ltd. (KIL) (BSE: 500243; NSE: KIRLOSIND) announced its financial results for the second quarter and first half of the fiscal year ending March 31, 2025. In Q2 FY 2025, Kirloskar Industries Ltd. reported a substantial standalone financial improvement, with total income reaching INR 50 crore, a 213% increase from INR 16 crore in Q1.
Profit after tax (PAT) also rose sharply to INR 35 crore, reflecting a 467% growth from Q1’s INR 6 crore. However, for the first half (H1) of FY 2025, standalone total income declined by 15% year-over-year (YoY) to INR 66 crore from INR 78 crore, while PAT decreased by 15% YoY to INR 41 crore, compared to INR 48 crore in H1 FY 2024.
On a consolidated basis, Q2 FY 2025 total income reached INR 1,706 crore, a 9% increase from INR 1,572 crore in Q1, and PAT climbed 38% to INR 91 crore, up from INR 66 crore. For H1 FY 2025, consolidated total income grew 5% YoY to INR 3,277 crore, while PAT declined by 15% to INR 158 crore from INR 185 crore in H1 FY 2024.
Mr Mahesh Chhabria, Managing Director of KIL, commented on the performance, stating, “This quarter has been stable, with key developments and steady growth across our subsidiaries. Notably, the merger between Kirloskar Ferrous Industries Limited (KFIL) and ISMT Limited has been successfully completed, and KFIL & ISMT have begun operations as a unified entity. KFIL, a vital material subsidiary, achieved a notable 7% revenue growth despite market challenges. Meanwhile, our real estate arm, Avante, is on track with its 1.6 million square foot commercial project in Pune.”
Kirloskar Industries Ltd., a public limited company listed on the BSE and NSE, was established in 1978. The company is active in wind power generation and has expanded into real estate through its subsidiary, Avante Spaces Limited. Additionally, KIL invests in group securities and leases commercial spaces.
