Kirloskar Oil Engines Limited - QTRLY RESULTS - Q4 FY 2012 - 4THQ /E DEC,2011 - Net sales up by 2%YoY; NPT down by 11%

Kirloskar Oil Engines Limited

NSE Symbol        KIRLOSENG

 

Kirloskar Oil Engines has declared its Results for the third quarter ended Dec, 2011.

Net Sales stands at Rs.585.90 cr –up by 4.37% from Q2 FY 12 and up by  1.94% from Q3 FY 11.

Raw Materials   consumption stands at Rs.352.67 cr – up by 21.94% from Q2 FY 12 and up by 6.41% from Q3 FY 11.

Total Expenditure     stands at Rs.548.23 cr – up by 3.38% from Q2 FY 12 and up by 2.46% from Q3 FY 11.

Profit from Operations stands  at Rs.46.85 Cr down by -2.29% from Q2 FY 12 and down by  -12.33% from Q3 FY11.

Profit  before tax stands at Rs.50.87 cr – down by -44.74% from Q2 FY 12 and down by -7.17% from Q3 FY 11.

Tax expense stands at Rs.15.94 cr – down by -54.78% from Q3 FY 11 and up by  2.97% from Q3 FY 11.

Net Profit  stands at Rs.34.93 cr – down by -38.5% from Q3 FY 11 and down by  -11.16% from Q3 FY 11.

On a Face Value of Rs.2, Basic EPS stands at Rs.2.4 in Q3 FY 12, Rs.3.9 in Q2 FY12; and Rs.2.98 in Q3 FY 11. Thus, the annual EPS may be around Rs.11.68.

The current Market price is Rs.141; while the 52 week high price  is Rs.189.05 and the 52 week low price Is Rs.105.35.

The PE Ratio amounts to Rs.12.07.

Notes :

The purchase consideration of Rs.87 cr was received from KSPG Automotive India Pct Ltd on 29^th sep,2011 and the slump sale of Bearings Business Division was completed on 30.09.2011The profit on sale of undertaking is subject to certain adjustments and will be reported in 4^th Qtr.

From 24^th May,2011, the company has become a subsidiary of Kirloskar Brothers Investments Limited – which now holds 52.17% of equity shares in the company

On 25^th Jan,2012, Bd of Directors approved buy back of fully paidup shares at a cost not exceeding Rs.170 per share and Buy Back amount not exceeding Rs.7362.5 lakhs representing 10% of total paid up capital and free reserves.

RESULTS TABLE

kirloskar oil eng	31-Dec-11	30-Sep-11	%DIF1	30-Jun-11	31-Mar-11	31-Dec-10	%DIF2
Net Sales	58590	56136	4.37	55498	59657	57475	1.94
Other Operating Income	918	1688	-45.62	1103	1911	1378	-33.38
Increase in SIT/WIP	-645	2335	-127.6	-2692	905	19	-3494.74
Raw Materials	35267	28921	21.94	32587	32851	33143	6.41
Traded Goods	2630	2593	1.43	2458	2336	2170	21.2
Employees Cost	4148	4704	-11.82	4781	4602	4485	-7.51
Depreciation	2431	2422	0.37	2230	2124	2253	7.9
Other Expenditure	10992	12054	-8.81	10850	12544	11439	-3.91
Total Expenditure	54823	53029	3.38	50214	55362	53509	2.46
Profit from Operations	4685	4795	-2.29	6387	6206	5344	-12.33
Other Income	991	669	48.13	611	719	393	152.16
Interest	589	674	-12.61	592	499	567	3.88
Exceptional Items	-	-4415		-	-211	-310
Profit  before tax	5087	9205	-44.74	6406	6637	5480	-7.17
Tax expense	1594	3525	-54.78	2060	1876	1548	2.97
Net Profit	3493	5680	-38.5	4346	4761	3932	-11.16
Face Value (In Rs	2	2	0	2	2	2	0
Paid Up Equity	2913	2913	0	2913	2913	2913	0
Basic EPS	2.4	3.9	-38.46	2.98	3.27	2.7	-11.11
Public holding (%)	33.11	37.6	-11.94	37.63	37.63	37.63	-12.01

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