Kirloskar Oil Engines Q3 Results Review - Export And Distribution Segments Growing Well: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Kirloskar Oil Engines Ltd.'s Q3 FY24 results came in ahead of our estimates. The company reported a growth of 14%/22%/21% YoY in revenue/Ebitda/profit after tax. In the business-to-business segment, revenue growth was driven mainly by the industrial, distribution, and export segments. The powergen segment’s Q3 growth was impacted by a high base of last year; however, its nine months FY24 sales grew at a healthy pace of 17% YoY. business-to-consumer segment growth was driven by water management system. We expect Kirloskar Oil to continue to benefit from strong demand across segments. We raise our margin estimates to factor in improving trends in exports and distribution. We revise our sum of the parts-based target price to Rs 940, valuing the core business at 20 times March- 26E earning per share..The company is currently trading at a sharp discount to cummins and we expect this discount to narrow further in the future once Kirloskar Oil achieves an improved product mix, improved penetration of HHP, and a higher share of exports. We maintain our 'Buy' rating on the stock..Click on the attachment to read the full report:.Coal India Q3 Results Review - Robust; Lower Costs Drive Ebitda Beat: Axis Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Kirloskar Oil Engines Q3 Results Review - Export And Distribution Segments Growing Well: Motilal Oswal

Demand environment remains strong in domestic market.

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