Kinetic Engineering Ltd. — Earnings Release 2022

Nov 15, 2022

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KEL:SH:SE

Date:15 November 2022

To, The Manager-Corporate Relations Department BSE Limited 1st Floor, P J Towers Fort, Mumbai- 400 001.

BSE Scrip Code: 500240

Subject: Press Release

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosed herewith a copy of a Press Release. The Press Release is self-explanatory.

Thanking you.

Yours faithfully,

For Kinetic Engineering Limited

Digitally signed by CHAITANYA MUNDRA DN: c=IN, postalCode=768201, st=ORISSA, street=JHARSUGUDA 768201, CHAITANY l=JHARSUGUDA, o=Personal, title=4221, serialNumber=84305ab3c8129dea3fde8e633d832d7e0d39b0ec0224902040acf6ed0c80 0da6, A MUNDRA pseudonym=422120220901122344932, 2.5.4.20=5569253151ca719b4e2cfc6d0fefd8b56e4e8b53e1e9b7f471a2381ca5995623, email=CSCHAITANYAMUNDRA@GMAIL.CO M, cn=CHAITANYA MUNDRA Date: 2022.11.15 15:19:44 +05'30'

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Chaitanya Mundra Company Secretary and Compliance Officer Membership No. ACS 57832

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14 November 2022

Kinetic Reports Nearly 125% jump in EBIDTA

Q2 EBIDTA of Rs. 5.03 crs, Net profit of Rs. 1.65 crs

Kinetic Engineering Ltd, which revolutionized the 2 wheeler industry and transformed itself into auto component manufacturer, declared its stellar financial results for Q2 FY22-23 today.

The company reported a revenue of Rs 35.22 crs, up from Rs 31.92 crs in the previous quarter. The company reported a whopping 2.25 times increase in EBIDTA to Rs 5.03 crs as against Rs 2.24 crs in the previous quarter. Consequently, the company’s auto components business reported a highest ever net profit of Rs 1.65 crs in Q2 of the current financial year. Incidentally, the company’s net profit for the quarter is higher than the full year’s net profit for the previous financial year.

Mr Ajinkya Firodia, MD, Kinetic Engineering Ltd, said, “The current quarter results are in line with our expectations. The continued improvement of performance has been as a result of the company focusing on exports, rationalization of manpower cost and investment in 1.8MW solar power plant to reduce electricity cost. This was further aided by a lower oil prices. Easing of commodity prices and our ability to pass on the increased commodity costs has helped the company to deliver outstanding results today.”

Mr Firodia further said “We have also been gaining traction in products for Electric Vehicles. The company’s rigid axles and trans axle gear boxes for electric 3 wheelers is gaining acceptance in the market. The company has added more customers in its fold in the current quarter and continues to increase its output”.

About Kinetic Engineering Limited

Kinetic Engineering Limited is the flagship company of the Kinetic Group with five decades of manufacturing experience. The Pune based company, which has been in the industry for over five decades, has been a pioneer in the automotive industry. The company’s manufacturing unit in Ahmednagar is spread over 70 acres and has over 800 employees, 32 manufacturing sheds and more than 400 machines. All of KEL’s products are IATF 16949 certified. The company, which is headquartered in Pune manufactures about 100 different auto components and stands by its vision of ‘Kinetic in every automobile’. KEL’s esteemed customer list includes Renault, American Axle, TATA Motors, Mahindra & Mahindra, Ashok Leyland, Magna Powertrain, Bombardier Recreational products, and many others. It has a large manufacturing plant in Ahmednagar, while its corporate office is based in Chinchwad, Pune. Kinetic Engineering Limited stock is quoted on the BSE: 500240.

For Media Queries

Arzoo Alamin | +91 8806067092 | arzoo.alamin@motoroyale.in Niva Mohanty | +91 9916398995 | niva@milestones.in Abhishek Deb Roy | +91 7507222334 | abhishek@milestones.in

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