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Anand Rathi Report
Driven by healthy performance in all divisions (except large engines), Kirloskar Oil Engines Ltd. reported the best revenue of Rs 9.1 billion in Q4 FY21 (our estimate Rs 8.4 billion).
This was on the back of recovery in Powergen, the highest-ever sales in the industrials division (partially led by pre-buying of BS-III engines) and strong growth in agricultural and product support.
With the government's focus on infrastructure development, Atma- Nirbhar and a strong pick-up of end-user demand, management expects a double-digit revenue growth in the next few years.
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