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Barring its revenue, most of the parameters of Kirloskar Industries were lower, when compared on a year-on-year basis. The stock though, is higher after the dividend announcement.
By Shloka Badkar
Shares of Kirloskar Industries Ltd. gained over 6% on Tuesday, May 19, after the company reported its fourth quarter earnings and recommended a final dividend for the financial year 2026.
Barring its revenue, the company's earnings declined across the remaining parameters.
Kirloskar Industries In Q4
For the March quarter, the company's net profit came in at ₹43 crore, down 8% from last year's ₹46.8 crore.
Revenue for the period increased by 3% to ₹1,828 crore in the fourth quarter from ₹1,774 crore in the previous year.
Earnings before interest, tax, depreciation and amortization (EBITDA) declined 6.9% to ₹216 crore in the March quarter from ₹232 crore last year.
Its margins contracted as well to 11.8% from 13% in the year-ago period.
Kirloskar Industries' board of directors have recommended a final dividend of ₹13 per equity share of ₹10 each for the financial year 2026. It is subject to the approval of the company's members at its upcoming annual general meeting.
The final dividend, if approved, will be paid within 30 days from the date of declaration by the members at the meeting, the company's statement said.
Shares of Kirsloksar Industries were trading 6.4% higher after the earnings announcement at ₹3,250.8 apiece at 2.50 pm on Tuesday.
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Source: CNBC TV18