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Desk","News",{"title":14,"slug":15,"excerpt":16,"imageUrl":17,"publishedAt":18,"author":11,"category":12},"Advait Energy Transitions, Manipal Energy Infratech Team Up for Integrated Energy Projects","advait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects","Advait Energy Transitions and Manipal Energy Infratech partner to accelerate global energy projects in renewables, BESS, and green hydrogen.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fadvait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects-EnSOlA.jpg","2026-08-08T01:45:01+05:30",{"title":20,"slug":21,"excerpt":22,"imageUrl":23,"publishedAt":24,"author":11,"category":12},"ANCA Ushers in New Leadership with Edmund Boland as Group CEO","anca-ushers-in-new-leadership-with-edmund-boland-as-group-ceo","ANCA appoints Edmund Boland as new Group CEO effective August 2026, marking a strategic new chapter in CNC grinding and 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productivity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fbasf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india-gdMNFU.jpg","2026-07-31T02:38:13+05:30",{"title":56,"slug":57,"excerpt":58,"imageUrl":59,"publishedAt":60,"author":11,"category":12},"L&T Technology Services Launches Ainfonix™ 4.0 to Accelerate AI Adoption","lt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption","L&T Technology Services unveils Ainfonix™ 4.0 at EI Live, a cutting-edge platform designed to accelerate industrial AI adoption and data utility.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Flt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption-n5XI9j.webp","2026-07-31T02:17:58+05:30",{"title":62,"slug":63,"excerpt":64,"imageUrl":65,"publishedAt":66,"author":11,"category":12},"Tembo Global Industries Opens New Vasai Facility, Boosts Capacity to 1,00,000 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Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":68,"slug":69,"excerpt":70,"imageUrl":71,"publishedAt":72,"author":11,"category":12},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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In the standalone financial performance review for Q2 FY24, the total income reached INR 50 Cr, showcasing a notable 72 percent increase Q-o-Q from INR 29 Cr in Q1 FY24. Similarly, the Profit After Tax (PAT) surged to INR 36 Cr in Q2 FY24, marking a substantial 200 percent increase Q-o-Q compared to INR 12 Cr in Q1 FY24. Looking at the half-year performance on a standalone basis, the total income for H1 FY24 stood at INR 78 Cr, indicating a 24 percent increase Y-o-Y from INR 63 Cr in H1 FY23. The PAT for H1 FY24 reached INR 48 Cr, reflecting a 7 percent increase Y-o-Y compared to INR 45 Cr in H1 FY23.\u003C\u002Fp>\r\n\u003Cp>Now, turning to the consolidated financial performance, Q2 FY24 reported a total income of INR 1,589 Cr, representing a modest 5 percent increase Q-o-Q from INR 1,518 Cr in Q1 FY24. However, the PAT for Q2 FY24 was INR 91 Cr, reflecting a 3 percent decrease Q-o-Q from INR 131 Cr in Q1 FY24. For the consolidated H1 FY24 results, the total income amounted to INR 3,107 Cr, indicating a 7 percent decrease Y-o-Y from INR 3,325 Cr in H1 FY23. Similarly, the PAT for H1 FY24 was INR 185 Cr, showing a 21 percent decrease Y-o-Y compared to INR 234 Cr in H1 FY23.\u003C\u002Fp>\r\n\u003Cp>Commenting on the Q2 and H1 results, Mahesh Chhabria, Managing Director, KIL, said “This was a steady quarter for Kirloskar industries. Our subsidiaries’ performance was satisfactory despite volatilities in the input commodity prices. Kirloskar Ferrous Industries Ltd (KFIL) successfully acquired Oliver Engineering during this period, expanding its operations in northern India. Indian Seamless Metal Tubes (ISMT) Ltd’s margins have reached double digits, thanks to our focused efforts on operational efficiencies.”\u003C\u002Fp>\r\n\u003Cp>He continued, “Kirloskar Industries now holds 9.96 percent of ISMT, following the acquisition of an additional 4.97 percent. The merger process between ISMT and KFIL is underway. On the Avante front, the construction of our first project in Kothrud is nearing completion, with finishing and fit-outs progressing as scheduled. Simultaneously, we have commenced work on the second project at the same location, with KEC appointed as the contractor.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.kirloskarindustries.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FDecember2023\u002Fe8juIt2IImPYnV1RxAli.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FDecember2023\u002Fe8juIt2IImPYnV1RxAli.jpg","2023-12-02T05:10:11+05:30",0,"Kirloskar Industries reported a 200% Q-o-Q surge in standalone PAT, reaching INR 36 crore for Q2 FY24.\nConsolidated total income for H1 FY24 reached INR 3,107 crore despite global commodity price volatility.\nThe company is advancing strategic expansion through KFIL’s acquisition of Oliver Engineering and the ongoing ISMT merger.","Kirloskar Industries has unveiled its financial performance for Q2 and H1 FY24, showcasing a tale of two metrics. While the standalone performance highlights impressive growth—with a 200% Q-o-Q jump in PAT—the consolidated figures reflect the broader challenges of today's volatile commodity market. MD Mahesh Chhabria remains optimistic, emphasizing operational efficiencies at ISMT and the expansion of KFIL through the recent Oliver Engineering acquisition. As KIL continues to integrate its subsidiaries and push forward with its real estate projects in Kothrud, these results offer a transparent look at the firm's strategic pivot toward long-term operational excellence. A steady performance in a complex economic landscape. #KirloskarIndustries #CorporateFinance #ManufacturingNews","Kirloskar Industries reports a massive 200% Q-o-Q standalone profit surge for Q2 FY24. MD Mahesh Chhabria highlights strategic growth through KFIL's recent acquisitions and improved operational efficiencies at ISMT. #BusinessNews #Kirloskar","Kirloskar Industries just dropped their Q2 FY24 results! 📈 It’s a mixed bag—the standalone numbers are hitting major growth, with PAT soaring 200% quarter-on-quarter. Even with some market volatility affecting consolidated results, the team is making big moves. From KFIL acquiring Oliver Engineering to the ISMT merger and new real estate projects in Kothrud, it’s clear they are focused on scaling up operations. It’s an exciting time for the industrial sector as they push for better efficiency and expanded footprints. Check out the full report to see how they’re navigating the current landscape! 🏗️⚙️ #Kirloskar #CorporateGrowth #IndustryUpdate #Manufacturing #Q2Results #BusinessStrategy #GrowthMindset",{"title":145,"description":147,"keywords":158},"kirloskar industries, financial results, q2 fy24, manufacturing sector, business growth, kfil, ismt, corporate earnings, india industry, trade news",{"title":160,"slug":161,"imageUrl":162},"BenQ Launches Google-Integrated Smart Boards, Leading Global Markets","benq-launches-google-integrated-smart-boards-leading-global-markets","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FDecember2023\u002FoBHfVqxN7b6AkVo3ef10.jpg",{"title":164,"slug":165,"imageUrl":166},"NETGEAR Introduces WAX610 Series for Reliable Wi-Fi 6 in High-Density 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