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KIRLOSKAR BROS. Gains 6%; BSE CAPITAL GOODS Index Down 2.2%
Thu, 18 Jul 12:0

KIRLOSKAR BROS. Gains 6%; BSE CAPITAL GOODS Index Down 2.2%Image source: peterschreiber.media/www.istockphoto.com

KIRLOSKAR BROS. share price has zoomed 6% and is presently trading at Rs 2,295.2.

Meanwhile, the BSE CAPITAL GOODS index is at 72,808.7 (down 2.2%).

Among the top gainers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (up 0.5%) and TIMKEN INDIA (up 0.2%).

ABB (down 5.5%) and HINDUSTAN AERO. (down 5.4%) are among the top losers today.

Over the last one year, KIRLOSKAR BROS. has moved up from Rs 716.7 to Rs 2,295.2, registering a gain of Rs 1,578.5 (up 220.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 41,426.7 to 72,808.7, registering a gain of 75.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 232.2%), HINDUSTAN AERO. (up 164.2%) and Bharat Electronics (up 147.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,538.4 (down 0.2%).

The top losers among the BSE Sensex today are Asian Paints (down 1.8%) and NTPC (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,545.1 (down 0.3%). Bajaj Auto and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,538.4, registering a gain of 13,948.5 points (up 20.9%).

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 2024, KIRLOSKAR BROS. reported 50.9% increase in net profit to Rs 3,395 million compared to net profit of Rs 2,251 million during FY23. Revenue of the company grew 7.3% to Rs 40,012 million during FY24.

The current Price to earnings ratio of KIRLOSKAR BROS., based on rolling 12 month earnings, stands at 53.7.


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