Kirloskar Electric Company Limited
INTRODUCTION
Kirloskar Electric Company Limited is one of the large Engineering and Manufacturing companies in India. Established in 1946, Kirloskar Electric ushered the Indigenous Electrical Manufacturing Industry in India.
Kirloskar Electric makes more than 70 products under 8 different product groups catering to core sectors of the economy like Power Generation, Transmission and Distribution, Industrial Power, Transportation, Renewable Energy, etc.
Kirloskar Electric makes more than 70 products under 8 different product groups catering to core sectors of the economy like Power Generation, Transmission and Distribution, Industrial Power, Transportation, Renewable Energy, etc.
Kirloskar Electric Network consists of :
• 9 Manufacturing Facilities for multiple products.
• 34 Sales offices spread across the country and 3 Offices abroad
• Wide network of 47 Spares Dealers and 100+ Service centers with 200+ Dealers enable the company to efficiently serve and advise the customers on suitable products, systems, services at competitive prices.
Kirloskar Electric Company is the first company to make Electric Motors in India.
Kirloskar Electric has declared its Q4 FY10 results and its standalone and consolidated results for FY11.
These are given below :
The results for Q4 FY10 are reflecting a slightly lower profit compared to the whole of FY2010. For the whole year, the net profit is Rs.37.59 Cr – while for Q4, the same is Rs.5.54 Cr.
Basic EPS on consolidated basis is Rs.9.59 and on stand Alone Basis, it is Rs.6.95 while for Q4, it is Rs.1.01.While is Q4 Sales is slightly higher proportionately, the Profit and EPS are proportionately much less- even at operational level – due to higher expenditure.
The current Market Price is Rs.85.40 – and seems to be adequately priced at present. The further results for Q1 FY11 need to indicate the further progress, if any.
| FY10Consol | Nonconsol | Q4FY10 | |
| Net Sales | 118285 | 84073 | 22698 |
| SIT&WIP | 965 | -968 | 217 |
| Raw Materials | 72064 | 61115 | 16296 |
| Traded goods | 4937 | 1366 | 557 |
| Employ.Cost | 17843 | 7556 | 1555 |
| Depreciation | 2308 | 1756 | 246 |
| Other Expdr | 12425 | 7441 | 2857 |
| Total Expdr | 110542 | 78266 | 21728 |
| Profit(Operations) | 7743 | 5807 | 970 |
| Other Income | 1558 | 1195 | 233 |
| P B I&EI | 9301 | 7002 | 1203 |
| Interest | 3016 | 2257 | 556 |
| P A I&BE.EI | 6285 | 4745 | 647 |
| Exceptional items | -45 | -64 | 138 |
| P B T | 6330 | 4809 | 509 |
| Tax Expense | 1145 | 1050 | -45 |
| Profit after tax | 5185 | 3759 | 554 |
| Net Profit | 5185 | 3759 | 554 |
| Consolidated Net Profit | 5096 | ||
| Dividend (%) | | - | - |
| Face Value (in Rs.) | 10 | 10 | 10 |
| Paid-up Equity | 5052 | 5052 | 5052 |
| Reserves | - | - | - |
| Basic EPS | 9.59 | 6.95 | 1.01 |
| Public holding.% | 50.84 | 50.84 | |
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