Kirloskar Pneumatic Company Ltd (KPCL), a major player in Air, Refrigeration & Gas Compression business in India, announced today its financial results for the quarter and half year ended on 30th Sept 2021.
During the quarter the Company delivered record number of compressors for the Oxygen plants and other key application areas despite supply chain challenges. CNG compressor sales however got impacted by chip shortages and availability of gas engines despite strong order booking.Â
Most of the CNG packages will be supplied in Q 3 & Q 4 apart from major project orders which are in various stages of execution in this period. Demand of compressors for oxygen generation is also expected to continue in the second half of the financial year.Â
The flow of orders in the second quarter was higher than that of pervious year and order book as on 30th Sept 21 was over Rs. 1,000 crore clearly indicating a strong demand pickup. Order booking for exports has also been encouraging.Â
During the quarter, the company continued to prioritize getting almost all its employees vaccinated apart from facilitating the same for its partners and associates.Â
Review of Q2 FY 2021-22 financial performance shows that Operating revenue is at Rs. 226 crore for Q2 FY22 vs Rs. 147 Crore for Q2 of FY 21 registering 54 % increase Y-o-Y. Sales for H1 of FY 22 grew by 73% to Rs. 395 crore vs Rs. 228 crore in H1 of FY 21.
Also, EBITDA is at Rs. 46 crore for H1 FY22 vs Rs. 20 crore for H1 of FY 21. EBITDA margin improved to 11.6 % for H1 FY22 vs 8.8% H1 FY21.
Further, PBT was posted at Rs. 25.4 crore for H1 FY22 vs just Rs. 0.4 crore in H1 FY 21. PAT showed a swing of 18.2 for H1 FY22. Order book showed 17% growth for H 1 Y-o-Y.