Online brokerage Groww, India's largest stockbroker by active clients, saw its shares soar 30 per cent on debut, valuing it at $8.9 billion
Motilal Oswal Financial Services Research desk suggests buying Kirloskar Oil Engines and Cummins India; here's why
India's oldest engineering conglomerate is ramping up expansion across engines, steel, compressors, real estate and finance, even as family disputes linger
The regulator made these submissions to the Bombay HC in a petition filed by Kirloskar group firms
Technical charts show that Dixon Technologies, Kirloskar Oil Engines, Metropolis Healthcare and RHI Magnesita have witnessed a 'Golden Crossover', hence are likely to see upside in the near-term.
Motilal Oswal sector of the week: The capital goods sector is riding a multi-year upcycle driven by public capex and energy transition imperatives
The company's revenue from operation increased 5.6 per cent to ₹1,753 crore as compared to ₹1,660 crore a year ago
The prototype diesel engine will have an indigenous content of over 50 per cent and will be developed at a cost of ₹270 crore with 70 per cent funding from the Government of India
The prototype diesel engine with indigenous content of over 50 per cent will be developed at a cost of Rs 270 crore with 70 per cent funding from the Government of India
The brokerage reckons that the current stock price is factoring in extreme pessimism related to growth and margins, which is unwarranted
Technical chart shows that select stocks such as Raymond, TTK Prestige and Engineers India which dropped out of the elusive club can slide another 19 per cent from here on.
Kirloskar Oil Engines shares reached their 52-week high of Rs 1,450 per share on the NSE on July 2, 2024, while they fell to their 52-week low of Rs 576.25 per share on February 21, 2025
The company posted a 21 per cent decline in net profit year-on-year (Y-o-Y) to Rs 71.3 crore as compared to Rs 89.82 crore
The advisory by Sebi on disclosure of DFS was administrative, thus the plea is non-maintainable, says Sebi
Kirloskar Oil Engines on Wednesday said its standalone net profit increased by 7 per cent to Rs 117 crore in three months to June over the same period last year. The standalone profit after tax for the company was Rs 109 crore in the April-June period of FY24, the Pune-based company said in a statement. Net sales for the quarter were Rs 1,334 crore, an increase of 6 per cent over Rs 1,256 crore achieved in Q1FY25, the company said. The company also said it delivered an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 174 crore for the previous quarter as against Rs 162 crore in the June quarter of FY 24. EBITDA margin was 12.9 per cent compared to 12.8 per cent for Q1 FY 24. Cash and cash equivalents for the June quarter stood at Rs 410 crore, the company said, adding net of debt includes treasury investments and excludes unclaimed dividends. "We have a good start of the year with the highest ever Q1 numbers for KOEL standalone. The top-line growth of 6
The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies
The share prices of both KKC and KOEL have more than doubled in the last 12 months but KOEL has gained 239% while KKC is up 121%, both are on the buy lists of brokerages
Engine oil maler Kirloskar Oil Engines Limited on Wednesday reported a 26 per cent growth in standalone net profit to Rs 128 crore in the fourth quarter ended March 2024. The Pune-based firm had posted a consolidated net profit of Rs 94 crore in the fourth quarter of FY23, according to a statement. Its net sales during the quarter under review rose 21 per cent to Rs 1,378 crore from Rs 1,141 crore a year ago, the company said. For the full fiscal 2023-24, the company's net profit increased 26 per cent to Rs 375 crore against Rs 298 crore delivered in FY23, it added. Its net sales for FY24 grew 18 per cent to Rs 4,806 crore from Rs 4,073 crore in FY23. The company also said its full-year export revenue for the first time crossed Rs 500 crore in the previous fiscal. Undoubtedly, it has been a challenging year operationally, navigating the transitions associated with emission norm changes. However, the company has successfully managed this transition, Kirloskar Oil Engines said.
Net sales for the third quarter of this fiscal stood at Rs 1,125 crore, up from Rs 990 crore in the year-ago period, registering an increase of 14 per cent, it said
Sebi chief Madhabi Puri Buch on Friday said the capital markets regulator deeply regrets the failure to de-freeze the shares held by members of the Kirloskar family in Kirloskar Industries Ltd (KIL) despite the SAT's directive. "I think what happened in terms of delay in de-freezing accounts was unacceptable. Whatever have been the cause and root cause, communications with the depository etc., Sebi was responsible, Sebi was accountable, we deeply regret what happened," Buch told reporters at the sidelines of the CII Global Economic Policy Forum here. Further, she said that the Securities and Exchange Board of India (Sebi) has already initiated a full process review in this regard. "Within 30-45 days. We will revamp the process. So that risk of this happening again is completely minimised," she added. The comments came after the Securities Appellate Tribunal (SAT) pulled up Sebi on Monday for failing to de-freeze the shares held by members of the Kirloskar family in Kirloskar ...