Kirloskar Pneumatic Company Ltd (KPCL), a leading player in the Air, Refrigeration, and Gas Compression business in India, has announced its financial results for the fourth quarter and full year ended March 31, 2024. The company reported robust growth in revenue from operations and profitability, highlighting its resilient performance amidst evolving market dynamics.
For the fiscal year 2023-24, KPCL recorded a 7% year-on-year growth in revenue from operations, reaching Rs. 1,323 Crores. Profit Before Tax (PBT) for the same period witnessed a significant increase of 24%, totalling Rs. 178 Crores. The Net Profit after tax surged by over 23% compared to the previous fiscal year. In the fourth quarter of FY24, KPCL reported Rs. 490 Crores sales, reflecting an impressive 36% growth year-on-year. The company’s Earnings Before Interest, Depreciation, Taxes, and Amortization (EBIDTA) for Q4 FY24 improved to 18%, marking a notable increase of 400 basis points compared to last year.
The company attributed its strong financial performance to several factors, including the successful introduction of new products such as the Tezcatlipoca centrifugal compressor and the Khione refrigeration compressor. Additionally, KPCL’s strategic partnership with PDC Machines LLC, USA, to offer Diaphragm Compressor packages for hydrogen compression further strengthened its market position and revenue streams.
Furthermore, KPCL’s order book stood at Rs. 1,475 Crores as of March 31, 2024, indicating a robust 28% growth compared to the previous year. This growth underscores the company’s ability to meet market demand and its solid position as it enters the fiscal year 2024-25. In line with its commitment to enhancing shareholder value, KPCL’s Board of Directors has recommended a final dividend at 200% of Rs. 4 per share, in addition to an interim dividend at 125%, bringing the total dividend for the year to Rs. 6.50 per share (325%).
Established in 1958, KPCL has established itself as a diversified company offering a comprehensive range of products and solutions to various industries, including steel, cement, food and beverages, pharmaceuticals, railways, defense, and marine sectors. Leveraging technology partnerships with global leaders and a strong focus on innovation, KPCL continues to deliver value-driven solutions while maintaining its leadership position in the industry.
