The shares of air and gas compressor manufacturers gained up to 14 percent after the company’s net profit and revenue increased by 59 percent QoQ and 87 percent YoY in the fourth quarter.
With a market capitalization of Rs 5,775.17 crore, the shares of Kirloskar Pneumatic Company Ltd closed at Rs 897.00 per share, increasing around 12.72 percent as compared to the previous closing price of Rs 891.60 apiece.
Looking into the company’s Performance, Kirloskar Pneumatic Company Ltd’s revenue increased by 59 percent on a quarter-on-quarter basis from Rs. 312.10 crores in Q3FY24 to Rs.495.91 crores in Q4FY24. Further, revenue increased by 37 percent year on year from Rs. 362.32 crores in Q4FY23 to Rs.495.91 crores in Q4FY24.
Kirloskar Pneumatic Company Ltd’s net profit increased by 72 percent on a quarter-on-quarter basis from Rs. 34.94 crores in Q3FY24 to Rs. 60.23 crores in Q4FY24. Further, net profit increased by 86 percent year on year from Rs. 32.24 crores in Q4FY23 to Rs. 60.23 crores in Q4FY24.
The company has diversified products that serve a range of sectors, including industrial, oil and gas, infrastructure, and food processing markets. Its in-house resources provide the capability to engineer, design, manufacture, construct, commission, and service products and systems.
The company’s profitability measures show an incline in return on equity (RoE) from 12.89 percent in FY 21-22 to 13.65 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 17.32 percent to 17.57 percent. In contrast, the net profit margin (NPM) was 8.76 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, the Promoters of the company own 38.93 percent while Retail shareholders own a 27.21 percent stake in the company, and Foreign Institutional Investors own a 1.70 percent stake.
Kirloskar Pneumatic Company Limited manufactures and services technical items. It operates within the Compression Systems segment. The Compression Systems section includes air and gas compressors, as well as compressors and systems for air conditioning and refrigeration.
Written by:- Abhishek Singh
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