Delivering results

Company
10 May 2024
5 Min read 
  • Kirloskar Oil Engines (KOEL) reported strong results for 4QFY24 and FY24.
  •  The company's revenue, EBITDA, and PAT grew significantly year-on-year.
  •  The B2B segment, especially in powergen, industrial, and distribution, performed well.
  •  Export revenue crossed the INR5b mark, showing a notable increase.
  •  The company's stock is recommended as a "Buy" with a revised target price of INR1,220.
  •  KOEL's financial outlook looks positive with expected revenue and PAT growth.
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