Kirloskar Brothers Q3 Result 2024: Date and Time, Share Price and Target

News: Kirloskar Brothers Limited (KBL), a leading player in the pump and pumping equipment industry, recently announced its financial results for the third quarter of fiscal year 2024. In this article, we’ll delve into the key highlights of KBL’s Q3 results, including profit, revenue, and share price movements.

Q3 FY24 Results Overview

• Profit Rises by 1.89% YoY: KBL’s net profit for Q3 FY24 increased by 1.89% compared to the same period last year.
• Revenue Growth: The company witnessed a robust revenue growth of 13.9% YoY during the third quarter.
• Share Price Movement: Investors keenly track share price movements. KBL’s stock performance during this period is crucial for shareholders and potential investors.

Important Dates

• Result Date: The Q3 FY24 results were announced on February 14, 2024.
• Time: The specific time of the announcement is not mentioned in the available data, but investors can expect it during market hours.

Share Price and Target

• Current Share Price: As of the last close, KBL’s share price stood at 903.5 INR.
• Average Target Price: Analysts have set an average target price of 992 INR for KBL shares.
• Spread / Average Target: The spread between the current price and the average target price is approximately 9.80%.

About Kirloskar Brothers Limited :

Kirloskar Brothers Limited (KBL) is a renowned Indian pump manufacturing company that has been a global leader in fluid management solutions for over 90 years. Let’s explore more about this influential company:

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Company Overview:

• Establishment: KBL was established in 1888 in Kirloskarvadi, India.

• Incorporation: It was formally incorporated in 1920.

• Flagship Company: KBL serves as the flagship company of the $2.5 billion Kirloskar Group.

Business Verticals:

• KBL specializes in providing total fluidity control across a wide range of industries.

• Their expertise extends to pumpsets, valves, and hydro turbines for various applications.

Recent Achievements:

• ADIPEC 2023: KBL, along with its group company KEPL, showcased innovation and industry leadership at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023.

• Hydropower Patent: KBL received a patent for its groundbreaking PICO pump turbine, a hydropower generation system.

Upcoming Events:

• ADIPEC 2023: KBL will participate in ADIPEC 2023, unveiling energy solutions.

• IFAT 2023 Mumbai: KBL will showcase innovations in fluid management at this global trade fair

Investors and stakeholders should closely monitor Kirloskar Brothers’ financial performance, as it provides insights into the company’s growth trajectory. Whether you’re an existing shareholder or considering an investment, understanding the Q3 results and share price trends is essential.

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