Kirloskar Industries Ltd on Thursday reported a 28.48 percent decline in consolidated net profit from continuing operations at Rs 84.64 crore for the third quarter ended December 2021, hampered by higher expenses.

The company had posted a consolidated net profit from continuing operations of Rs 118.35 crore in the same period last fiscal, Kirloskar Industries said in a regulatory filing.

Consolidated total revenue from operations stood at Rs 935.75 crore as compared to Rs 591.63 crore in the year-ago quarter.

Total expenses were higher at Rs 829.83 crore in the third quarter as compared to Rs 477.62 crore earlier, the company said.

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Kirloskar Industries said its iron casting vertical posted revenue of Rs 933.68 crore in the third quarter, as against Rs 590.66 crore in the same period a year ago.

The wind power generation segment had a revenue of Rs 76 lakh, compared to Rs 42 lakh earlier.

First Published:Feb 3, 2022 5:16 PM IST