Kirloskar Oil Engine - Strong Q3 Performance, Attractive Valuations: Anand Rathi
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Driven by 44%/63% YoY growth in its agriculture/industrials divisions, Kirloskar Oil Engines Ltd.’s Q3 FY21 Rs 8 billion revenue was better than expected (our estimate Rs 7.5 billion).
Industrials revenue growth was driven by strong demand from all its sub-segments aided by advance buying of BS-III engines.
Agriculture revenue growth was led by crop irrigation pumps, farm mechanisation, tractor parts and exports.
Power generation was dented by weak execution in railways.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.