Kirloskar Brothers Q2 net loss rises 300 percent

Pune, Oct 28 (IANS) Pump manufacturing company Kirloskar Brothers Limited (KBL) posted a net loss of Rs.2.24 crore for the quarter ended September 30, a whopping 300 percent rise in losses compared to Q2 2014-15, KBL said on Wednesday.

According to the unaudited stand alone financial results posted on the Bombay Stock Exchange (BSE), KBL’s losses rose by Rs.1.68 crore in Q2 2015-16.

In the last quarter, KBL clocked a net loss of Rs.0.56 crore.

However, the company’s total income from the operations rose to Rs.375.63 crore in the quarter under review from Rs.356.36 crore in the like quarter of fiscal 2014-15.

Similar is the case with total expenses, from Rs.348.77 crore in Q2 of the year ago quarter, it rose to Rs.370.92 crore in Q2 2015-16.

The KBL was established in 1888 and incorporated in 1920, it provides fluid management solutions to large infrastructure projects.

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