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 Q2FY24 of ₹1,305.00 Crores up from ₹1,228.00 Crore year on year, a rise of 6.27%.
- Total Expenses for Q2FY24 of ₹1,207.00 Crores up from ₹1,121.00 Crores year on year, a rise of 7.67%.
- Consolidated Net Profit of ₹78.00 Crores down 6.02% from ₹83.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹5.38, down 7.08% from ₹5.79 in the same quarter of the previous year.