KOEL, one of the flagship companies of the Kirloskar group, manufactures and services diesel engines and diesel generator sets. The company also makes diesel, petrol and kerosene-based pump sets. It has manufacturing units in Pune, Kagal, and Nashik. The company caters to the agriculture, power generation, and industrial sectors.
Financial Results:
- Kirloskar Oil Engines Ltd reported Revenues for Q1FY24 of ₹1,543.00 Crores up from ₹1,191.00 Crore year on year, a rise of 29.55%.
- Total Expenses for Q1FY24 of ₹1,382.00 Crores up from ₹1,087.00 Crores year on year, a rise of 27.14%.
- Consolidated Net Profit of ₹126.00 Crores up 53.66% from ₹82.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹8.67, up 53.72% from ₹5.64 in the same quarter of the previous year.