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Kilburn Engineering Ltd — Earnings Release 2023
May 9, 2023
61063_rns_2023-05-09_dec0d28a-d4ad-4720-8231-328c0c0aca2c.pdf
Earnings Release
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Plot No. 6, MIDC Industrial Area, Saravali, Thane – 421 311 , Maharashtra. INDIA. : 91 2522 663 800 : 91 2522 281026 : [email protected] : www.kilburnengg.com
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9[th] May, 2023
To To, The Corporate Relationship Department The Secretary BSE Limited The Calcutta Stock Exchange Ltd., 1st Floor, P.J. Tower 7 , Lyons Range, Dalal Street, Fort Kolkata – 700 001 Mumbai-400 001 Scrip Code : BSE 522101 Scrip Code : CSE 21022
Sub: Earnings Release
Please find attached a copy of Earnings Release on the audited financial results of the Company for the quarter and year ended 31[st] March, 2023.
The above release will also be made available on the website of our Company at www.kilburnengg.com
Thanking you.
Yours faithfully,
For Kilburn Engineering Limited
Arvind Digitally signed by Arvind Bajoria Date: 2023.05.09 Bajoria 18:13:08 +05'30'
Arvind Bajoria Company Secretary & DGM (Costing )
M. no. A15390
Encl : a/a
AN ISO-9001: 2000 CERTIFIED COMPANY CIN : L24232WB1987PLC042956 REGD. OFFICE : FOUR MANGOE LANE, SURENDRA MOHAN GHOSH SARANI, KOLKATA – 700 001, INDIA.
Plot No. 6, MIDC Industrial Area, Saravali, Thane – 421 311 , Maharashtra. INDIA. : 91 2522 663 800 : 91 2522 281026 : [email protected] : www.kilburnengg.com
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Kilburn Engineering Limited Quarterly & Year End Earnings Release | Q4 FY23
Tuesday, May 09, 2023: Kilburn Engineering Ltd. announces Financial Results for Fiscal Year 2023
Kilburn Engineering Limited (KEL), a leading manufacturer of drying equipment for various industries, today announced its financial results for the fourth quarter and full year ended March 31, 2023.
Financial Performance
KEL delivered a robust performance in Q4 FY23 and FY23, with consistent growth in top-line and bottomline, and healthy order inflows. The highlights of the financial performance are as follows:
Financial Performance
| Particulars (₹ in Crore) |
Q4 FY23 |
Q3 FY23 |
Q4 FY22 |
Year Ended 31st March, 23 |
Year Ended 31st March, 22 |
|---|---|---|---|---|---|
| Income from Operations |
66.68 | 53.82 | 57.51 | 221.53 | 122.76 |
| OperatingEBITDA | 11.55 | 9.05 | 8.37 | 34.68 | 12.96 |
| EBITDA Margin(%) | 17.32% | 16.82% | 14.55% | 15.65% | 10.56% |
| Profit Before Tax | 13.37 | 10.58 | 6.16 | 38.77 | 3.03 |
| Profit After Tax | 12.34 | 7.50 | 4.78 | 30.14 | 1.55 |
| EPS(in Rs.) | 3.54 | 2.17 | 1.68 | 8.66 | 0.54 |
Performance highlights:
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Consistent growth in top-line and bottom-line with healthy order inflows
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Revenue growth of 80.45% over the previous year .
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Operating EBITDA margins at 15.65%
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Order booking of Rs. 354 cr during the year resulting in a higher Order Backlog of Rs. 246 Crore as on 31.03.2023 , which will be executed during the next fiscal.
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Net Debt position of Rs. 49 crs, a reduction of Rs.23 crs
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The Board recommended a dividend of Rs. 1.00 per equity share , subject to requisite approvals
Commenting on the performance Mr. Ranjit Lala Managing Director, Kilburn Engineering Limited stated:
"We are pleased to report a strong closing to the financial year 2022-23. The year was excellent for Kilburn on all fronts – operational, commercial, and financial. The demand for our products for various industries is strong, and we expect the order intake and revenue numbers to remain on track.
AN ISO-9001: 2000 CERTIFIED COMPANY CIN : L24232WB1987PLC042956 REGD. OFFICE : FOUR MANGOE LANE, SURENDRA MOHAN GHOSH SARANI, KOLKATA – 700 001, INDIA.
Plot No. 6, MIDC Industrial Area, Saravali, Thane – 421 311 , Maharashtra. INDIA. : 91 2522 663 800 : 91 2522 281026 : [email protected] : www.kilburnengg.com
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Outlook
The company has started FY2024 on an optimistic note based on the current order book and pending enquiries which the company is at various stages of quoting . The growth in turnover, EBITDA and PBT should continue resulting in higher free cashflows which should enable the company to become net debt free in the next 12 to 18 months.
The company operates primarily in sectors such as Chemical, Petrochemical, Refinery, Oil & gas, Power, Fertilizer, Food and allied industries and is exploring new and niche areas of application like API in the pharma space.
Kilburn continues to enjoy the benefit available to the Indian manufacturing industry vis-à-vis other global players; due to the cost advantages. Kilburn continues to focus on both domestic and international markets.
About Kilburn Engineering Limited
With nearly four decades of Experience Kilburn Engineering Limited ( BSE Code : 522101) continues to stay ahead of its peers by driving the company based on technology; specialising in process design, engineering and manufacture of equipment and systems for various process plants, primarily engaged in the chemical and petrochemical sectors. The Company is a market leader in solid, liquid and gas drying systems and also provides a comprehensive package of solutions for tea, fertiliser, carbon black, soda ash, pharmaceuticals, dyes and pigments and speciality chemicals among other industries.
The Core strength of the Company lies in successful integration of world class technologies. The Company has a state-of art manufacturing facility at Thane, Maharashtra spread over 8 acers with an in house pilot facility for testing of different material.
For more information, please visit www.kilburnengg.com or contact
Arvind Bajoria Company Secretary Kilburn Engineering Limited Email : [email protected]
DISCLAIMER:
Certain statements in this document may be forward looking statements. Such forward looking statements are subject to certain risks and uncertainties like regulatory changes, downtrend in industry, local political or economic developments and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. Kilburn Engineering Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
AN ISO-9001: 2000 CERTIFIED COMPANY CIN : L24232WB1987PLC042956 REGD. OFFICE : FOUR MANGOE LANE, SURENDRA MOHAN GHOSH SARANI, KOLKATA – 700 001, INDIA.