Kirloskar Electric’s Profit Drops 4.32% in Q2 FY24

Kirloskar Electric reported a 4.32% decline in its consolidated net profit for the September 2024 quarter, falling to ₹17.93 crore. The company faced challenges from rising input costs and supply chain issues. Despite this, its revenue grew, driven by strong demand in its key segments. The decline in profit reflects the tough market conditions, but the company remains optimistic for future recovery.