Kirloskar Oil Engines Q4 net down 20% to Rs 48 cr

Kirloskar Oil Engines today posted a 20% decline in its net profit at Rs 47.61 crore for the quarter ended March 31, 2011.

The company had a net profit of Rs 59.56 crore in the quarter ended March 31, 2010, Kirloskar Oil Engines said in a filing to the Bombay Stock Exchange.

During the quarter under review, the Pune based firm had a net sales of Rs 596.57 crore, a marginal decline of 1% from Rs 603.25 crore posted in the year ago period.

For the year ended March 31, 2011, the company's net profit declined by 5.9% to Rs 173.73 crore from Rs 164.02 crore in the previous fiscal.

 

During the fiscal year, the firm posted a net sales of Rs 2,362.98 crore, a 6.5% increase from Rs 2,218.60 crore recorded in the previous financial year.

Shares of Kirloskar Oil Engines closed at Rs 132 on the BSE, down 0.34% from the previous close.