Q2 Results: Company shaken by poor results – stock tumbles due to decline in profits, earnings, EBITDA and margins

News Topical, Digital Desk : Q2 Results: Kirloskar Pneumatic, a company operating in the air compressor, process gas systems, and refrigeration compressor sectors, has announced its second quarter results for the current financial year. In an exchange filing, the company reported that its standalone profit declined from ₹68 crore to ₹43 crore.

Regarding the company's earnings, standalone earnings declined from ₹431 crore to ₹378 crore. Standalone EBITDA declined from ₹93 crore to ₹58 crore. EBITDA margin declined from 21.7% to 15.4%. The

company's poor results are also impacting the stock. The stock has seen a decline of more than 2%. At 2:16 pm, the company was trading down 2.30%. 

Stock Status: Kirloskar Pneumatic Company Limited shares came under pressure on Tuesday. The stock's previous closing price was ₹1,160.60, which fell to ₹1,146.60 today, a decline of 1.21% or ₹14. During the trading session, the stock touched a high of ₹1,159.20 and a low of ₹1,101.50. A total volume of 2.92 lakh shares was recorded, with a trade value of ₹32.88 crore. The company's total market cap was ₹7,368.51 crore and a free float market cap of ₹4,314.53 crore. The stock's 52-week high was ₹1,817 and its lowest was ₹953. The company has a PE of 35.45 and a sector PE of 35.93. Kirloskar Pneumatic operates in the "Compressors, Pumps & Diesel Engines" industry and is part of the Nifty Total Market Index. Trading status remains active, and the company is listed since April 26, 2023.

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