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Axis Securities Report
Kirloskar Brothers Ltd. reported a mixed set of Q1 FY25 numbers. Revenue reached Rs. 1,031 crore, increasing 15% YoY in line with our estimates but declining 16% QoQ. Gross margins stood at 49.5%, down by 200 basis points compared to the previous quarter. Ebitda was Rs. 127 crore, missing our estimate of Rs. 149 crore, with Ebitda margins at 12.3%, down by 52 bps YoY and 627 bps QoQ.
The company reported profit after tax of Rs 61 crore, reflecting a 5% decrease YoY and a 60% decrease QoQ, missing our estimate of Rs 93 crore.
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Also Read: Vedanta Q1 Results Review - Backward Integration, Cost Efficiency Drive Margins: Systematix
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