Kirloskar Industries shares gain after winning order worth ₹358 crore from ONGC

Shares of Kirloskar Industries Ltd. gained on Thursday, October 23, after the company said it has won an order worth ₹358 crore from the Oil and Natural Gas Corporation Ltd. (ONGC).

The order is for the supply of regular EUE tubing, pup joints and cross overs in accordance with the terms and conditions mentioned in the contract.

The order is to be executed from October 21, 2025 to October 20, 2026.

On another note, Kirloskar Industries reported a consolidated net profit of ₹127.2 crore in the first quarter of this fiscal, up 29.1% from the previous year's ₹98.5 crore.

Its revenue from operations increased 5.4% to ₹1,681 crore from ₹1,553 crore in the year-ago period.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 16% to ₹216.9 crore from ₹187 crore in the previous year.

Its EBITDA margin expanded to 12.9% from 12% in the year-ago period.

Shares of Kirloskar Industries gained 1.9% to hit an intraday high of ₹3,990 apiece. The stock was 0.9% at ₹3,951.8 apiece around 1.55 pm. It has declined 5% in the past month, but has gained 22.8% in the last six months and declined 13.6% this year, so far.

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