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KIRLOSKAR BROS. Gains 5%; BSE CAPITAL GOODS Index Up 0.2%
Tue, 2 Jul 9:34

KIRLOSKAR BROS. Gains 5%; BSE CAPITAL GOODS Index Up 0.2%Image source: ipopba/www.istockphoto.com

KIRLOSKAR BROS. share price has zoomed 5% and is presently trading at Rs 2,361.9.

Meanwhile, the BSE CAPITAL GOODS index is at 72,907.4 (up 0.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 1.5%) and AIA Engineering (up 1.4%).

Thermax (down 0.7%) and Siemens (down 0.5%) are among the top losers today.

Over the last one year, KIRLOSKAR BROS. has moved up from Rs 596.1 to Rs 2,361.9, registering a gain of Rs 1,765.8 (up 296.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,035.1 to 72,907.4, registering a gain of 82.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 253.6%), HINDUSTAN AERO. (up 188.6%) and Bharat Electronics (up 155.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,613.8 (up 0.2%).

The top gainers among the BSE Sensex today are HCl Tech. (up 1.1%) and TCS (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,144.9 . ONGC and Wipro are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,613.8, registering a gain of 15,698.3 points (up 24.6%).

KIRLOSKAR BROS. Financial Update...

KIRLOSKAR BROS. net profit grew 57.3% YoY to Rs 1,427 million for the quarter ended March 2024, compared to a profit of Rs 907 million a year ago. Net sales rose 8.8% to Rs 12,238 million during the period as against Rs 11,246 million in January-March 2023.

For the year ended March 2023, KIRLOSKAR BROS. reported 176.0% increase in net profit to Rs 2,251 million compared to net profit of Rs 815 million during FY22. Revenue of the company grew 22.0% to Rs 37,302 million during FY23.

The current Price to earnings ratio of KIRLOSKAR BROS., based on rolling 12 month earnings, stands at 55.2.


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