Page 2 - Kirloskar Oil Engines

Arka Fincap aims to raise Rs 300 crore via non-convertible debentures

Due to surging unsecured loans like personal loans and those on credit cards, the RBI increased the risk weighting for such loans from 100 per cent to 125 per cent

Kirloskar Oil soars 11%, hits new high on strong June quarter earnings

Looking ahead, the management is confident about the future prospects and expects to capitalise on the growth opportunities in key sectors, including exports, infrastructure, and data centres.

Kirloskar Oil Engines Ltd profit rises 53% to Rs 126 crore in June quarter

Kirloskar Oil Engines Limited on Thursday reported a 53 per cent jump in consolidated net profit to Rs 126 crore in the June quarter. The company had delivered a consolidated net profit of Rs 82 crore in the year-ago period, Kirloskar Oil Engines said. Revenue for the first quarter of the current fiscal was Rs 1,543 crore compared to Rs 1,191 crore last year, registering a 30 per cent increase, it said. "We commenced the year on a positive note. This quarter witnessed substantial advancements in our B2B product lineup, marked by noteworthy product introductions and range expansions," the company's Managing Director Gauri Kirloskar said. "On the B2C front (at a consolidated level), the company continues to make improvements in profitability. This quarter, we delivered a 15 per cent growth in profit on a 4 per cent growth in topline," he said. The company has entered the high horse power (HHP) range, with the introduction of its OptiPrime range, designed with a focus on segments suc

Kirloskar Oil Engines' promoter entities sell 17.71% stake for Rs 825 cr

Kirloskar Oil Engines' promoter entities on Wednesday divested 17.71 per cent stake in the company for Rs 825 crore through open market transactions. The promoter and promoter group which offloaded the shares include Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. Nomura Trust and Banking Co. Ltd, Societe Generale, Sageone Investment Managers LLP, the Regents of the University of California, BNP Paribas Arbitrage, Max Life Insurance Company and DSP Mutual Fund, among others, were the buyers of the shares. According to the block deal data available with the National Stock Exchange (NSE), the promoter and promoter group sold a total of 2,56,22,987 shares, amounting to 17.71 per cent stake in the company. The shares were sold at an average price of Rs 322 each scrip, taking the total transaction value to Rs 825.06 crore. On Wednesday, shares of Kirloskar Oil Engines rallied 20 per cent to settle at Rs 390.05 apiece -- its 52-week high -- on the NSE.

Kirloskar Oil Engines surges 18%, hits over 5-yr high after huge block deal

As many as 25.62 million equity shares, representing 17.7 per cent of total equity, worth Rs 825 crore of KOEL changed hands on the NSE, the exchange data shows

Kirloskar Bros shareholders to vote on forensic audit starting Tuesday

Kirloskar Industries, a key investor in KBL, had sought the audit over legal fees of Rs 70 crore incurred by the latter. An EGM to consider this issue will be held on Dec 8

Kirloskar group shares hit 52-wk highs; KOEL, KPCL up over 50% in 6 months

In the past six months, KOEL (up 131 per cent), KPCL (53 per cent) and Kirloskar Industries (45 per cent) zoomed over 40 per cent, as against 14 per cent rise in the benchmark index

Kirloskar Oil Engines soars 11%, hits over 4-year high on strong Q2 results

In the past three months, the market price of KOEL has appreciated by 86 per cent as compared to a 3.6 per cent rise in the S&P BSE Sensex

Extraordinary general meeting brings focus back on Kirloskar Brothers' deed

Each signatory of the DFS is mandated to follow the rules and implement the deed with the approval of the respective board of directors

Kirloskar Industries' Board seeks forensic audit on Kirloskar Brothers

KIL raised questions whether the KBL Board, especially the independent directors of KBL, verified the claims made by Sanjay Kirloskar in relation to the Deed of Family Settlement

A family at war: Kirloskar siblings await SC judgement on arbitration

The Kirloskars are fighting a legal war over group assets with Sanjay Kirloskar chairman of Kirloskar Brothers Ltd on one side, and his brothers, Atul, 66, and Rahul, 59, on the on the other side

M&M to acquire Swaraj Engines' 17.41% stake from Kirloskar Industries

Mahindra & Mahindra(M&M) Ltd on Tuesday said it will acquire an additional 17.41 per cent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore. The acquisition will result in increasing the company's stake in Swaraj Engines Ltd (SEL) to 52.13 per cent from 34.72 per cent, M&M said in a regulatory filing. The company proposes to acquire 21,14,349 equity shares constituting 17.41 per cent of the paid up equity share capital of SEL from KIL at a price of Rs 1,400 per share, it said. Consequently, SEL, which is currently an associate of the company, would become a subsidiary of M&M, the filing said. Based in Mohali, Punjab, SEL is in the business of manufacturing of diesel engines and its components. It was promoted in 1985 by erstwhile Punjab Tractors Ltd, which has since merged with M&M, and the then Kirloskar Oil Engines Ltd (now KIL). It had a total revenue from operations of Rs 1,138.15 crore for the year ended March 31, 2022, it said.

Stocks to Watch: Cipla, NTPC, Adani group, SBI Cards, Hind Zinc, Nxtdigital

Stocks to Watch: ICICI Securities, Axis Capital and Citigroup Global Markets are among the 5 investment bankers selected to manage the sale of the government's 29.53% residual stake in Hindustan Zinc

Kirloskar family feud: SC to hear KMD CMD's plea on March 15

The Supreme Court will hear on March 15 a plea by Kirloskar Brothers Ltd (KBL) CMD Sanjay Kirloskar challenging a Bombay High Court order directing arbitration in a family feud related to assets.

Kirloskar Oil Engines to invest Rs 250 crore more in NBFC business

They also announced plans to monetise its 50-acre land bank in its base of Pune for its realty company Avante Spaces

Kirloskar group launches new brand logo, 'Limitless' business vision

The new 'Limitless' vision will span over eight business areas led by Atul and Rahul, and will lay the foundation for aggressive plans in the B2C domain

Kirloskar Oil Engines reports Rs 6.73 crore net loss for June quarter

Consolidated revenue from operations stood at Rs 422.33 crore. It was Rs 901.03 crore in the year-ago quarter

Kirloskar Oil Engines hits 52-week high; stock soars 18%

The stock soared 18% to Rs 450, also its 52-week high on the BSE in early morning trade.

Kirloskar partners with Gulf Petrochem to launch K-Oil in Middle East, Africa

The engine oil will be launched following an extensive six-month engine trial and product evaluation