Kirloskar Oil Engines drops after Q4 results

The company announced Q4 results during trading hours today, 26 April 2013.

Meanwhile, the S&P BSE Sensex was down 142.86 points or 0.74% at 19,263.99.

On BSE, 1,447 shares were traded in the counter as against average daily volume of 17,464 shares in the past one quarter.

The stock hit a high of Rs 184.60 and a low of Rs 177 so far during the day. The stock had hit a 52-week low of Rs 141.30 on 9 May 2012. The stock had hit a 52-week high of Rs 215.55 on 7 January 2013.

The stock had underperformed the market over the past one month till 25 April 2013, rising 3.78% compared with the Sensex's 3.88% gain. The stock had also underperformed the market in past one quarter, sliding 13.46% as against Sensex's 3.47% fall.

The small-cap company has equity capital of Rs 29 crore. Face value per share is Rs 2.

Kirloskar Oil Engines' net profit rose 3.67% to Rs 198.84 crore on 1.31% growth in total income from operations to Rs 2356.98 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Kirloskar Oil Engines' board of directors at a meeting held today, 26 April 2013, recommended final dividend of Rs 5 per share for FY 2013.

Kirloskar Oil Engines is one of the leading and largest manufacturers of diesel engines ranging in capacity from 4 hp to 800 hp and from 2,400 hp to 11,000 hp, with an annual manufacturing volume in excess of 2.25 lakh engines. The company has a sizable presence in international markets, with offices in Dubai, South Africa, and Kenya, and representatives in Indonesia and Nigeria. It also has a strong distribution network throughout the Middle East and Africa.

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