KIRLOSKAR BROTHERS LTD = RESULTS = FOR Q1 FY 2012 (JUNE 2011) =

Kirloskar Brothers Limited

NSE Symbol     KIRLOSBROS

Kirloskar Brothers has reported improved working  on YoY basis in Q1 FY 2012.

Net Sales stands at Rs.430 cr – down by 40.33% from Q4 FY 11; and Up by 10.81% from Q1 FY 11.

Total Expenditure  is Rs.413.04 cr – down by 38.74% from Q4 FY 11; and up by 9.52% from Q1 FY 11.

Profit from Operations is Rs.18.13 cr –down by 62.32% from Q4 FY 11; and up By 45.77% from Q1 FY 11.

Profit before tax is Rs.46.7 cr – up by 8.62% from Q4 FY 11; and Up by 656.23% from Q1 FY 11.

Net Profit  stands at Rs.36.20 Cr – up by 76.34% from Q4 FY 11; and up by 712.97% from Q1 FY 11.

Against a face Value of Rs.2, the Basic EPS is rs.4.56 in Q1 FY 12; Rs.2.59 in Q4 FY 11; Rs.0.56 in Q1 FY 11.

CORPORATE ANNOUNCEMENTS TO NSE

14-05-2011          Kirloskar Brothers has signed a Share Purchase Agreement for disposal of its entire equity stake (100%) in Gondwana Engineers Limited (GEL) for a total consideration of Rs. 47.44 crores (Rupees Forty Seven crores and Forty Four lacs only). GEL is a company having specialization in Water and Sewage Treatment Plants. It is also engaged in the operations and maintenance of treatment plants. The Company has sold its entire equity stake in GEL to Doshion Veolia Water Solutions Pvt. Ltd., a group company of Doshion Ltd, Ahmedabad.

26-04-2011          Kirloskar Brothers has recommended payment of a dividend of Rs.3.50 (Rupees Three and paise Fifty only) per share on equity shares of Rs.2/- each for the financial year ended March 31, 2011.

20-01-2011          Kirloskar Brothers Board of Directors noted the following: The Scheme of Amalgamation of Company's step down subsidiaries, Pressmatic Electro Stampings Pvt. Ltd. and Quadromatic Engineering Pvt. Ltd. with Company's wholly owned subsidiary - Hematic Motors Pvt. Ltd. was approved by the respective Boards of Directors and necessary applications have been submitted with the Honourable Bombay High Court in this regards.

28-12-2010          Kirloskar Brothers has disposed off its 100% shares of the wholly owned subsidiaries to its another wholly owned subsidiary i.e. Hematic Motors Pvt. Ltd. at its acquisition cost, at an aggregate price of Rs.299,460,676/-.

RESULTS TABLE (STAND ALONE)

Kirloskar Bros	30-Jun-11	31-Mar-11	30-Jun-10
Net Sales	42999.59	72062.65	38803.6
Other Operating Income	116.99	168.66	153.45
Raw Materials	22585.02	25047.41	21251.98
Traded Goods	9538.86	21681.66	9194.31
Employees Cost	3968.58	4317.52	2868.19
Depreciation	734.98	792.94	687.2
Other Expenditure	5788.97	14156.56	6085.18
Total Expenditure	41303.8	67420.82	37713.47
Profit from Operations	1812.78	4810.49	1243.58
Other Income	3509.39	171.09	165.55
Interest	652.6	682.68	791.65
Profit before tax	4669.57	4298.9	617.48
Tax expense	1050	2246.26	172.25
Net Profit	3619.57	2052.64	445.23
Face Value (In Rs	2	2	2
Paid Up Equity	1586.77	1586.77	1586.62
Basic EPS	4.56	2.59	0.56
Public holding (%)	37.69	37.69	37.78

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