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regular-article-logo Wednesday, 06 November 2024

Kilburn Engineering posts 27 per cent growth in revenue, but profit slips to Rs 12.24 crore

For the full year, income from operations on the standalone basis grew 32.3 per cent to ₹293.21 crore from ₹221.53 crore in FY23. Profit after tax went up 31.61 per cent to ₹39.67 crore from ₹30.14 crore. The company recommended a dividend of Rs 2 per share

Our Bureau Calcutta Published 28.05.24, 11:47 AM
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Kilburn Engineering Ltd posted a 27 per cent growth in revenue to 85.25 crore in the fourth quarter of last fiscal compared with 66.68 crore in Q4FY23, even as profit after tax slipped marginally to 12.24 crore in Q4FY24 compared with 12.34 crore.

For the full year, income from operations on the standalone basis grew 32.3 per cent to 293.21 crore from 221.53 crore in FY23. Profit after tax went up 31.61 per cent to 39.67 crore from 30.14 crore. The company recommended a dividend of 2 per share.

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In the last quarter, Kilburn completed acquisition of 100 per cent stake of M.E. Energy for 98.69 crore and it became a wholly owned subsidiary of the company. It also secured orders of 79 crore in this three month period.

Ranjit Lala, managing director, said, “We are happy to report a strong set of numbers with both our revenue from operations and EBITDA showing significant growth. Backed by a robust order book and more orders on the horizon, we are confident of sustained growth in the coming years.”

Amritanshu Khaitan, director, added: “Following the strategic acquisition of M.E. Energy, we’re enthusiastic about our trajectory for the upcoming year in drying solutions and energy management.”

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