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The revenue slipped marginally during the December 2019 quarter. A decline of about Rs. 264.00 millions was observed as compared to Rs. 270.90 millions during the corresponding quarter last year.The Net Loss for the quarter ended December 2019 is Rs. -39.00 millions as compared to Net Loss of Rs. -32.10 millions of corresponding quarter ended December 2018Operating profit Margin for the quarter ended December 2019 slipped to -4.50% as compared to 1.90% of corresponding quarter ended December 2018 (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Sales 264.00 270.90 -2.55 920.00 824.80 11.54 1157.70 1025.60 12.88 Other Income 6.20 9.20 -32.61 21.10 33.80 -37.57 84.80 60.20 40.86 PBIDT -4.50 1.90 -336.84 16.50 28.10 -41.28 51.60 51.00 1.18 Interest 16.40 15.20 7.89 50.10 43.70 14.65 59.80 49.60 20.56 PBDT -20.90 -13.30 57.14 -33.60 -15.60 115.38 -8.20 1.40 -685.71 Depreciation 18.10 18.80 -3.72 54.30 55.40 -1.99 73.40 79.10 -7.21 PBT -39.00 -32.10 21.50 -87.90 -71.00 23.80 -81.60 -77.70 5.02 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -39.00 -32.10 21.50 -87.90 -71.00 23.80 -81.60 -77.70 5.02 Equity 177.10 177.10 0.00 177.10 177.10 0.00 177.10 177.10 0.00 PBIDTM(%) -1.70 0.70 -343.03 1.79 3.41 -47.36 4.46 4.97 -10.37
Kinetic Engineering touches roof on planning to contribute to govt`s vision of promoting EV in India
Kinetic Engineering is currently trading at upper circuit of Rs. 38.35, up by 1.80 points or 4.92% from its previous closing of Rs. 36.55 on the BSE.The scrip opened at Rs. 38.25 and has touched a high and low of Rs. 38.35 and Rs. 38.25 respectively. So far 2116 shares were traded on the counter.The BSE group `XT` stock of face value Rs. 10 has touched a 52 week high of Rs. 65.85 on 08-Aug-2018 and a 52 week low of Rs. 28.10 on 17-Jun-2019.Last one week high and low of the scrip stood at Rs. 40.05 and Rs. 35.35 respectively. The current market cap of the company is Rs. 64.73 crore.The promoters holding in the company stood at 49.13%, while Institutions and Non-Institutions held 0.41% and 50.46% respectively.Kinetic Engineering is planning to contribute to the Indian government`s vision of promoting electric vehicles (EV) in India. The company shall utilize its strong technical knowledge, vast manufacturing experience and vertically integrated in-house capabilities to provide high-quality systems and components to its EV customers. The company will soon be initiating the development of axles and gearboxes for the EV market.The company sees huge opportunities in providing a complete power train solution, and hence proposes to design, develop and manufacture 2 speed gear boxes, and complete rear axle assembly along with the motor and controller, which is ready to fit onto vehicles. The kits will range from 1 KW to 10 KW and will be useful for scooters, mopeds, passenger and load carrying 3 wheelers and even trucks and buses.Kinetic Engineering (Kinetic) is a manufacturer of high technology components and assemblies with a focus on Power Train Components and assemblies. The company is engaged in manufacturing components and assemblies to passenger vehicles, commercial vehicles, tractors, two-three wheelers and construction vehicles, in addition to non-auto segments.
The Revenue for the quarter ended December 2018 of Rs. 270.80 millions grew by 17.59 % from Rs. 230.30 millions.The Net Loss for the quarter ended December 2018 is Rs. -32.20 millions as compared to Net Loss of Rs. -32.00 millions of corresponding quarter ended December 2017OP of the company witnessed a marginal growth to 1.80 millions from 1.00 millions in the same quarter last year. (Rs. in Million) Quarter ended Year to Date Year ended 201812 201712 % Var 201812 201712 % Var 201803 201703 % Var Sales 270.80 230.30 17.59 824.70 745.50 10.62 1025.60 856.40 19.76 Other Income 17.30 14.90 16.11 66.50 44.20 50.45 60.20 62.50 -3.68 PBIDT 1.80 1.00 80.00 28.00 32.60 -14.11 51.00 0.90 5566.67 Interest 15.20 12.30 23.58 43.70 36.70 19.07 49.60 49.60 0.00 PBDT -13.40 -11.30 18.58 -15.70 -4.30 265.12 1.40 -48.70 -102.87 Depreciation 18.80 20.70 -9.18 55.40 59.70 -7.20 79.10 81.40 -2.83 PBT -32.20 -32.00 0.63 -71.10 -64.00 11.09 -77.70 -130.10 -40.28 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -32.20 -32.00 0.63 -71.10 -64.00 11.09 -77.70 -130.10 -40.28 Equity 177.10 167.30 5.86 177.10 167.30 5.86 177.10 167.30 5.86 PBIDTM(%) 0.66 0.43 53.09 3.40 4.37 -22.36 4.97 0.11 4631.40
Kinetic Engineering has submitted the Shareholding Pattern for the Period Ended December 31, 2016. The above information is a part of company’s filings submitted to BSE.
Kinetic Engineering has informed that the 45th Annual General Meeting (AGM) of the Company will be held on September 30, 2016.The above information is a part of company’s filings submitted to BSE.
Kinetic Engineering has informed about Outcome of the meeting of the Share Allotment Committee of Board of Director of the Company, held on August 18, 2016.The above information is a part of company’s filings submitted to BSE.
Kinetic Engineering has informed about Standalone Financial Results and Limited Review for the period ended June 30, 2016.The above information is a part of company’s filings submitted to BSE.
Kinetic Engineering has informed about the details of Voting results at the Postal Ballot of the Company, under Regulation 44(3) of SEBI (LODR) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Kinetic Engineering has informed that a meeting of the Board of Directors of Company has been scheduled on May 28, 2016, to consider and approve the Audited Financial Results of Company for the Quarter and Financial Year ended on March 31, 2016. Further, as per Company’s Code of Conduct for prevention of Insider Trading, the Trading Window for dealing in the securities of the Company shall remain closed for all directors / officers / designated employees of the Company from May 21, 2016 and shall remain closed till May 30, 2016.The above information is a part of company’s filings submitted to BSE.
Kinetic Engineering has submitted a Copy of the Notice of Postal Ballot.The above information is a part of company’s filings submitted to BSE.
With reference to the news appeared in Economic Times stating, ‘Italian bikemaker ties up with Kinetic Group; rolls out 3 models, including the super premium F4 RC’, Kinetic Engineering has submitted a copy of Clarification.The above information is a part of company’s filings submitted to BSE.
The Exchange has sought clarification from Kinetic Engineering on May 12, 2016 with reference to the news appeared in Economic Times stating, ‘Italian bikemaker ties up with Kinetic Group; rolls out 3 models, including the super premium F4 RC.’The above information is a part of company’s filings submitted to BSE.