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Kirloskar Oil Engines surges on reporting marginal rise in Q4 net profit

18 May 2018 Evaluate

Kirloskar Oil Engines is currently trading at Rs. 317.20, up by 8.35 points or 2.70% from its previous closing of Rs. 308.85 on the BSE.

The scrip opened at Rs. 311.00 and has touched a high and low of Rs. 321.75 and Rs. 302.95 respectively. So far 43474 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 450.00 on 26-Dec-2017 and a 52 week low of Rs. 302.95 on 18-May-2018.

Last one week high and low of the scrip stood at Rs. 331.00 and Rs. 302.95 respectively. The current market cap of the company is Rs. 4613.18 crore.

The promoters holding in the company stood at 59.33%, while Institutions and Non-Institutions held 23.90% and 16.51% respectively.

The company has reported a marginal rise of 0.23% in its net profit at Rs 44.32 crore for the quarter ended March 31, 2018 as compared to Rs 44.22 crore for the same quarter in the previous year. Total income of the company has increased by 4.05% at Rs 805.22 crore for quarter under review as compared to Rs 773.91 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a fall of 13.54% in its net profit at Rs 150.11 crore as compared to Rs 173.62 crore for the same period in the previous year. Total income of the company decreased marginally by 0.06% at Rs 2,956.55 crore for year under review as compared to Rs 2,958.22 crore for the period ended March 31, 2017.

Peers
Company Name CMP
Cummins India 4956.00
Kirloskar Oil Engine 2136.50
Greaves Cotton 234.75
Swaraj Engines 3542.80
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