Kirloskar Oil Engines posts Rs 35 cr profit

Kirloskar Oil Engines today reported its net profit for the quarter ended December 31,2011,at Rs 34.93 crore.

Written by Agencies | New Delhi | Published: January 25, 2012 8:43 pm

The company had posted a net profit of Rs 39.32 crore in the corresponding period last financial year,Kirloskar Oil Engines said in a filing to the Bombay Stock Exchange (BSE).

The total operating income during the last quarter stood at Rs 595.08 crore,while the same was Rs 588.53 crore in the year-ago period,it added.

“Figures for the quarter and nine months ended December 31,2011,are not comparable with those of the corresponding periods of the previous year in view of sale of Bearings Business Division with effect from October 1,2011,” it added.

The shares of the company today closed 0.75 per cent up at Rs 141.05 apiece on the BSE.

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