Kirloskar Oil Engine

** Industrial machinery and equipment maker Kirloskar Oil Engines' KIRO.NS shares fall 3.6% to 2,354.9 rupees

** Stock has tumbled 8% over the last three sessions

** Axis Capital lowers rating on stock to "add" from "buy" but raises TP to 2,570 rupees from 2,300 rupees, a 5.3% upside to last close

** Says it is cutting rating due to limited upside and expensive valuations after stock rallied more than 100% in the last six months

** "While recent data center deal-win boosts confidence, it (KIRO) stays focused on timely/efficient execution, opening further growth avenues" - Axis

** Brokerage says KIRO's U.S. expansion will take time, alongside gradual growth in other markets

** KIRO trades at forward 12-month PE of 62.12 vs industry median of 33.88

** Four of five brokerages rate the stock "buy" or higher; their median PT is 2,350

** Despite today's losses, stock up 94.3%

(Reporting by Abhinav Parmar in Bengaluru)

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Kirloskar Oil Engines has secured an order from HyperNext, a data center infrastructure company, to supply 96 units of its 2500 kVA Optiprime Dual Core power systems. The 192 MW deployment is among the largest standby power installations for data centres in India. HyperNext is building its first data centre with an 800VDC power architecture. The order value was not disclosed, but based on typical pricing, it is estimated at around ₹192 crore. The systems are designed for hyperscale and AI workloads. KOEL's President stated the order reflects growing confidence in the company's engineering capabilities. The deal strengthens KOEL's foothold in the digital infrastructure sector.

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June 19 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• KIRLOSKAR OIL ENGINES - ANNOUNCES SIGNIFICANT ORDER FROM HYPERNEXT

Source text: ID:nBSE3MLC7f

Further company coverage: KIRO.NS

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May 19 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• KIRLOSKAR OIL ENGINES - UNIT RECEIVES BUSINESS COMMENCEMENT APPROVAL

Source text: ID:nNSE6pnDYs

Further company coverage: KIRO.NS

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May 14 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• KIRLOSKAR OIL ENGINES LTD - RECOMMENDS FINAL DIVIDEND OF 4.50 RUPEES PER SHARE

• KIRLOSKAR OIL ENGINES MARCH-QUARTER CONSOL NET PROFIT 1.59 BILLION RUPEES

• KIRLOSKAR OIL ENGINES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 21.16 BILLION RUPEES

Source text: ID:nBSE6qfNpj

Further company coverage: KIRO.NS

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March 10 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• CHAIRMAN ATUL KIRLOSKAR TO STEP DOWN

• APPOINTS RAHUL KIRLOSKAR AS CHAIRPERSON

Source text: ID:nnAZN4SKF8O

Further company coverage: KIRO.NS

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Feb 11 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• KIRLOSKAR OIL ENGINES LTD - KTSPL TO BECOME WHOLLY OWNED SUBSIDIARY OF KIME

Source text: ID:nNSE9gcxlB

Further company coverage: KIRO.NS

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** Shares of diesel engines maker Kirloskar Oil Engines KIRO.NS rise 4.4% to 760.95 rupees

** Co gets order worth 2.7 bln rupees ($31.5 mln) from Indian government for medium-speed marine diesel engine of 6 MW capacity

** Stock set to gain for third straight session

** KIRO down ~26% so far in 2025

($1 = 85.6670 Indian rupees)

(Reporting by Vijay Malkar)

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April 2 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• KIRLOSKAR OIL ENGINES LTD - GETS ORDER VALUED AT 2.70 BILLION RUPEES PLUS TAXES

Source text: ID:nBSE2mPkJy

Further company coverage: KIRO.NS

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Feb 28 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• KIRLOSKAR OIL ENGINES - GOT SHOWCAUSE NOTICE WITH TAX IMPACT 191.7 MILLION RUPEES

Source text: [ID:]

Further company coverage: KIRO.NS

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Jan 17 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• KIRLOSKAR OIL ENGINES LTD - INCORPORATES WHOLLY OWNED SUBSIDIARY IN UAE

Source text: ID:nBSE8jJPV5

Further company coverage: KIRO.NS

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Aug 7 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.59 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 16.36 BILLION RUPEES

Further company coverage: KIRO.NS

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** Shares of Kirloskar Oil Engines KIRO.NS up as much as 13.1% at record high of 1,169.95 rupees; last up 12.6%

** The engine manufacturer reported a 88.3% y/y jump in Q4 consolidated net profit to 1.49 bln rupees (about $18 mln)

** Revenue from operations rose 20% Y/Y

** KIRO on track for a second consecutive session of gains, if trend holds

** More than 1 mln shares change hands by 10:04 a.m. IST, 4.1x 30-day avg

** Including session's gain, stock up 66.2% YTD

($1 = 83.4475 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Kirloskar Oil Engines KIRO.NS rise 2.4% to 696.4 rupees

** Industrial machinery and equipment maker receives order worth 7.68 bln rupees ($92.37 mln) from Nuclear Power Corporation of India

** KIRO trading above its 200-day simple moving average since Aug. 2022

** Stock rose over 103% in 2023, its best yearly gain since listing in Dec. 2010

($1 = 83.1425 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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MUMBAI, Nov 30 (Reuters) - India's Arka Fincap plans to raise at least 1.5 billion rupees ($18.00 million) through the public issue of non-convertible debentures, three bankers said on Thursday.

The non-banking finance company's public issue will open for subscription on Dec. 7 and will close on Dec. 20.

The issue also has a greenshoe option to retain an additional 1.5 billion rupees.

The company is offering bonds maturing in 24 months, 36 months and 60 months at an annual coupon of 9.30%, 9.65% and 10.00%, respectively.

The bonds are rated AA- by Crisil Ratings.

($1 = 83.3400 Indian rupees)

(Reporting by Bhakti Tambe; Editing by Sohini Goswami)

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** Shares of Kirloskar Oil Engines KIRO.NS fall as much as 10% to 505.7 rupees, sharpest intraday fall since March 23, 2020

** The engine manufacturer reported a 7% y/y fall in Q2 consolidated net profit to 779.7 mln rupees ($9.37 million)

** More than 700,000 shares change hands by 9:40 a.m. IST, 1.6x 30-day avg of 458,141 shares

** Stock trading most since Oct. 17

** Stock down 7.8% as of 9:40 a.m. IST, trimming YTD gains to ~61%

($1 = 83.2400 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Sept 22 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• CFO ANURAG BHAGANIA RESIGNS

Source text for Eikon: ID:nBSE8qWNL2

Further company coverage: KIRO.NS

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Sept 15 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• TO INVEST IN SERIES A‐1 OPTIONALLY CONVERTIBLE REDEEMABLE NON‐CUMULATIVE PREFERENCE SHARES UPTO $5,000,000

• TO INVEST IN NON‐CUMULATIVE PREFERENCE SHARES OF UNIT KIRLOSKAR AMERICAS CORPORATION, USA

• INVESTMENT TO ENABLE MARKET DEVELOPMENT IN POWERGEN APPLICATIONS FOR NORTH AMERICAN MARKETS

Source text for Eikon: ID:nBSE70Sp7f

Further company coverage: KIRO.NS

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** Shares of India's Kirloskar Oil Engines KIRO.NS jump as much as 11.17% to hit record high at 493 rupees

** KIRO posts steepest intraday pct climb since March 8

** Co's Q1 consol profit jumps 54% Y/Y while rev from ops climbs 30%

** More than 1 mln shares changed hands by 9:39 a.m. IST, 2.9x 30-day avg

** Stock had risen ~48% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 10 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• INDIA'S KIRLOSKAR OIL ENGINES JUNE-QUARTER CONSOL NET PROFIT 1.26 BILLION RUPEES VERSUS PROFIT 815.4 MILLION RUPEES

• KIRLOSKAR OIL ENGINES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 15.43 BILLION RUPEES VERSUS 11.91 BILLION RUPEES

Source text for Eikon: ID:nBSEbzM4LJ

Further company coverage: KIRO.NS

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May 19 (Reuters) - Kirloskar Oil Engines Ltd KIRO.NS:

• MARCH-QUARTER CONSOL NET PROFIT 789.1 MILLION RUPEES VERSUS PROFIT 678.3 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 13.84 BILLION RUPEES VERSUS 11.82 BILLION RUPEES

• DIVIDEND 2.5 RUPEES PER SHARE

Source text for Eikon: ID:nBSE67mkGM

Further company coverage: KIRO.NS

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