logo
Kirloskar Industries consolidated net profit declines 23.55% in the March 2025 quarter

Kirloskar Industries consolidated net profit declines 23.55% in the March 2025 quarter

Sales rise 1.11% to Rs 1747.82 crore
Net profit of Kirloskar Industries declined 23.55% to Rs 46.80 crore in the quarter ended March 2025 as against Rs 61.22 crore during the previous quarter ended March 2024. Sales rose 1.11% to Rs 1747.82 crore in the quarter ended March 2025 as against Rs 1728.60 crore during the previous quarter ended March 2024.
For the full year,net profit declined 25.60% to Rs 149.09 crore in the year ended March 2025 as against Rs 200.40 crore during the previous year ended March 2024. Sales rose 3.76% to Rs 6608.06 crore in the year ended March 2025 as against Rs 6368.39 crore during the previous year ended March 2024.
Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1747.821728.60 1 6608.066368.39 4 OPM % 11.7813.90 - 11.6314.77 - PBDT 196.95215.68 -9 692.57861.43 -20 PBT 129.51142.87 -9 433.99619.38 -30 NP 46.8061.22 -24 149.09200.40 -26
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Burhanpur power loom cluster set for industry allotment in Sept
Burhanpur power loom cluster set for industry allotment in Sept

Time of India

time38 minutes ago

  • Time of India

Burhanpur power loom cluster set for industry allotment in Sept

Indore: After significant delays, power loom cluster at Mohammadpura in Burhanpur district, is set to be allocated to industries from Sept. District Industries and Trade Centre (DIC) under the MSME department has completed development of the power loom cluster. Tired of too many ads? go ad free now It has prepared to begin allocations next month. The project, initially scheduled for completion in 2023, was stalled due to a slow flow of funds. "The power loom cluster at Mohammadpura is ready and allotment of land to industries in the cluster is expected to be carried out in Sept. The procedure due to be completed before starting the allotment process has been initiated," said Atmaram Soni, general manager at Burhanpur DIC. The cluster comprises 64 industrial lands and spans approximately 7.6 hectare under the Micro and Small Enterprises - Cluster Development Programme (MSE-CDP), with an estimated development cost of Rs 12.9 crore. Under the scheme, the state will contribute 60 percent of the development cost, while the Centre will are the remaining 40 percent. "The estimated investment likely to be generated from industries for this cluster is more than Rs 100 crore. We are hoping for full and quick occupancy in this cluster because Burhanpur is a hub for power looms," Soni added. Burhanpur is known for its extensive network of looms, with nearly 40,000 power loom units operating from homes, small rooms, and unorganised workshops in the city. The cluster is expected to generate employment for close to 4000 people.

Mines and Minerals (Development and Regulation) Amendment Bill 2025 gets Parliament's approval
Mines and Minerals (Development and Regulation) Amendment Bill 2025 gets Parliament's approval

United News of India

time41 minutes ago

  • United News of India

Mines and Minerals (Development and Regulation) Amendment Bill 2025 gets Parliament's approval

New Delhi, Aug 19 (UNI) The Mines and Minerals (Development and Regulation) Amendment Bill, 2025, aimed at promoting exploration, mining, and processing of critical and rare minerals and liberalising the overall mining regulatory framework to attract investments, was passed by the Rajya Sabha today. With this, the Bill has received approval from both Houses of Parliament. After a reply by Union Minister for Mines G Kishan Reddy during the discussion in the Upper House, the Bill was passed by a voice vote without any amendments. The Lok Sabha had already passed it earlier. Amid Opposition uproar over the Special Intensive Revision (SIR) of electoral rolls in Bihar during Zero Hour, the Rajya Sabha was adjourned once in the morning. When the House reconvened at 2 pm, Congress and other Opposition parties again raised the issue, but Deputy Chairman Ghanshyam Tiwari did not allow it. Protesting the decision, Opposition members walked out of the House. Afterwards, Union Minister Reddy introduced the Bill and outlined its key objectives. During the debate, 19 members from various parties participated and supported the Bill while offering suggestions. In his reply, Reddy referred to the coal scam and the opacity, nepotism, and corruption that plagued the mining sector before 2014. He said the Modi government's reforms have restored public trust in the mining sector and led to economic benefits and significant transformation. Describing the mining sector as a source of prosperity and employment, Reddy said the Bill is inspired by the goal of harnessing its potential. He noted that due to reforms over the past decade, mining has grown rapidly, and states' revenues have increased tenfold. All proceeds from mineral premiums, royalties, and other levies go to the states. He emphasised that the central government works for the nation's development, not just revenue collection. He also highlighted that India's coal production has reached one billion tonnes annually for the first time, imports have declined, and foreign exchange has been saved. Thermal power plants now have a 27-day coal stock, up from the previous average of 10–17 days. The Prime Minister, he said, personally reviews daily reports on coal stock at power plants. "Our ministry is fully prepared to meet every state's coal demand," Reddy said. He added that India is currently 100% dependent on foreign countries for critical minerals. To reduce this dependency, the Modi government has launched a Rs 32,000 crore Critical Minerals Mission and established a new PSU called KABIL (Khanij Bidesh India Ltd). Reddy informed the House that KABIL, a joint venture of National Aluminium Company, Hindustan Copper Ltd, and Mineral Exploration and Consultancy Limited, has secured five rare mineral blocks in Argentina, from which India will source lithium. In Zambia, India has obtained exploration rights over 9,000 sq km for critical minerals. Addressing criticism of the Prime Minister's foreign trips, Reddy said that during a recent tour of five countries, PM Modi held significant discussions on critical minerals in each nation. "We are working in mission mode in this sector," he added. R&D efforts have been launched, and 13 offshore blocks have been identified for auction. A dedicated division within the Geological Survey of India (GSI) has been created for critical mineral exploration, with responsibilities assigned across various states, including Jammu & Kashmir. He also stated that the government has finalised projects to reclaim 143 closed coal mines and is preparing to have the Rs 2 lakh crore spent from the District Mineral Fund audited by the Comptroller and Auditor General (CAG). During the discussion, several members praised the Bill and offered inputs. BJP's Bheem Singh called the Bill a step to strengthen the regulatory framework for industrially and strategically significant deep-seated minerals. Milind Deora (Shiv Sena) said the Bill will allow Indian companies to invest in foreign rare mineral mines and boost domestic processing capacity, marking a step toward self-reliance in critical minerals. He also suggested encouraging green mining and recycling of old solar panels. NCP's Praful Patel urged the government to ease environmental regulations to prevent future bottlenecks. AIADMK's Thambi Durai raised concerns about illegal mining in Tamil Nadu and mentioned the arrest of a ruling party member in connection with unlawful activities. Tamil Manila Congress (M)'s GK Vasan also highlighted the issue of illegal sand mining in Tamil Nadu, which is harming the ecology and reducing state revenue. He said the groundwater level is falling due to negligence by the state government. YSR Congress's Ayodhya Rami Reddy Alla welcomed the easing of rules for deep-seated mining leases, saying it will improve investment efficiency and mineral supply. Biju Janata Dal's Manas Ranjan Mangaraj demanded higher mineral royalties for Odisha. BJP's Aditya Prasad alleged that coal smuggling under the Congress-supported government in Jharkhand has hurt legal sales and claimed that a youth activist opposing illegal mining was killed in a staged encounter. While some Opposition members had submitted notices for amendments, they were absent during the session. After the Bill was passed, the Rajya Sabha was adjourned for the day to meet tomorrow at 11 am. UNI RBE SSP

Govt nod to 93 additional LCA Mk 1 jets for IAF
Govt nod to 93 additional LCA Mk 1 jets for IAF

Indian Express

timean hour ago

  • Indian Express

Govt nod to 93 additional LCA Mk 1 jets for IAF

THE CABINET Committee on Security Tuesday cleared the procurement of 97 LCA Mk 1 A light combat aircraft for the Indian Air Force, sources confirmed to The Indian Express. When inducted, the additional indigenous jets will be a boost to the dwindling fighter squadrons of the IAF. The order was already in the pipeline. Their procurement was cleared by the Defence Acquisition Council headed by Defence Minister Rajnath Singh in 2023. Earlier, the IAF had placed an order for 83 LCA Mk 1 A jets in February 2021. Subsequently, in August 2021, the state-owned Hindustan Aeronautics Limited placed an order worth Rs 5,375 crore for 99 F404 engines with GE Aerospace to power the indigenously made Tejas Mk-1A. The first of these jet engines was delivered to HAL after a delay of nearly a year and a half, in April this year. The second engine was delivered last month. The engine deliveries were delayed due to COVID-19 pandemic and supply chain issues. Twelve Light Combat Aircraft Tejas will be ready to be rolled out by December this year, of which six aircraft have already been lined up, government officials had said. The timely induction of the indigenous fighter jets, including Tejas Mk 1A, is crucial to holding the IAF's dwindling squadron strength. The IAF has phased out most of its MiG-21 squadrons, and early next decade, it is likely to begin phasing out other ageing fighter squadrons. According to officials, HAL plans to produce 16 fighter jets next year provided the engine deliveries from the US are on schedule. The original plans were to produce 16 aircraft every year and complete deliveries of all jets by 2030.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store