Kirloskar Brothers Q1 Results Review - Weaker Margins, Revenue Visibility Remains Strong: Axis Securities

While the company’s profitability was impacted by temporary factors during the quarter, the revenue was in line with the brokerages expectations.

Kirloskar Brothers Ltd.'s manufacturing plant in Coimbatore. (Source: Company website)

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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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Axis Securities Kirloskar Brothers Result Update.pdf
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Also Read: Vedanta Q1 Results Review - Backward Integration, Cost Efficiency Drive Margins: Systematix

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