Home / Business and Economy / Kirloskar Ferrous Profit Dips Amidst Modest Revenue Growth
Kirloskar Ferrous Profit Dips Amidst Modest Revenue Growth
10 Feb
Summary
- Q3 net profit decreased by 1.8% YoY to ₹53.3 crore.
- Revenue saw a slight increase of 0.7% YoY to ₹1,618 crore.
- EBITDA rose 7.5% YoY, improving operating margins to 11.5%.
Kirloskar Ferrous Industries Ltd experienced a marginal decrease in net profit for the December quarter (Q3) of the fiscal year, a slight decline of 1.8% compared to the same period last year, resulting in ₹53.3 crore.
However, the company demonstrated growth in its top line, with revenue from operations inching up by 0.7% year-on-year to ₹1,618 crore. This modest revenue increase was accompanied by improved operational profitability.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a healthier increase of 7.5% year-on-year, reaching ₹186.3 crore. This resulted in an improved EBITDA margin of 11.5%, up from 10.8% in the prior year's comparable quarter.
In contrast, the preceding September quarter (Q2) had showcased stronger year-on-year gains across key financial metrics, including net profit, revenue, and EBITDA.
