Kirloskar Oil Engines Q2 profit marginally up

Pune, Oct 28 (IANS) Diesel engines, agricultural pumpsets and generating sets manufacturer Kirloskar Oil Engines Limited (KOEL) posted a net profit of Rs.35.72 crore for the quarter ended September 30, a meagre rise of 1.1 percent net profit compared to Q2 2014-15, KOEL announced on Wednesday.

According to the statement of unaudited financial results posted on the Bombay Stock Exchange (BSE), KOEL’s Q2 net profit rose by just Rs.0.39 crore and the company clocked a net profit of Rs.35.33 crore in the year ago quarter.

KOEL’s total income from operations declined to Rs.589.98 crore in the quarter under review from Rs.627.91 in Q2 2014-15.

Similar is the case with total expenses, from Rs.589.90 crore in the last quarter, it slumped to Rs.568.42 crore.

Incorporated in 1946, KOEL is the flagship company of the Kirloskar Group.

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