The shares of an Electrical company, specializing in designing, manufacturing, and commissioning customized equipment/systems for critical applications in several industrial sectors, jumped upto 6 percent following the promotor increasing the stake.
Price action
With a market capitalization of Rs. 1,980.24 crores on Monday, the shares of Kilburn Engineering Limited jumped upto 5.9 percent making a High of Rs. 427.00 per share compared to its previous closing price of Rs. 402.85 per share.
What Happened
Kilburn Engineering Limited is engaged in designing, manufacturing, and commissioning customized systems for critical applications in several industrial sectors has informed that Firstview Trading Private Limited, a promoter, purchased 35,000 equity shares of the company.
The details of this acquisition, before the acquisition the promotor held 1,51,26,239 shares. Post-acquisition, Firstview Trading’s shareholding increased to 1,51,61,239 shares (31.93 percent).
Market Leader
The company is a market leader in the manufacturing of tea dryers, providing innovative and efficient solutions to the tea processing industry. Their products are widely recognized for their reliability, performance, and contribution to enhancing the quality of tea production.
About the Company
Kilburn Engineering Limited is an Indian company specializing in manufacturing and supplying a range of engineering products and services. It is primarily engaged in designing, engineering, and supplying industrial equipment for sectors such as power, steel, and cement. The company offers products like rotary kilns, fluidized bed dryers, and other custom solutions.
Marquee Clients
The company has a set of marquee clients, including companies from various sectors such as Automobile & Ancillary (Mahindra, Hero, and more), Food & Beverage (Britannia, ITC, and more), Oil & Gas/Petrochemicals (ONGC, BPCL, and more), Carbon (PCBL, BKT, and more), Iron & Steel (JSW Steel, NMDC, and more), and others (SRF, Saint-Gobain, and more).
Financials
The company’s revenue rose by 24.65 percent from Rs. 73 crore to Rs. 91 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 10 crore to Rs. 14 crore during the same period.
Written by Sridhar J
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