Quarterly Result14 Nov 2024, 12:56 am
Kilburn Engineering Reports Improved Performance in Q2 and H1 FY2025, Secures Significant Orders
AI Summary
Kilburn Engineering Limited (KEL) has announced its standalone and consolidated financial results for the quarter and half year ending September 30, 2024. The company reported improved performance in Q2 and H1 FY2025 compared to the same period last year. KEL secured many significant orders, fortifying its order book, and expects higher levels of activity in the second half of the financial year. The company is also in the process of integrating its acquisition of M.E Energy Ltd and is set to close the next acquisition of Monga Strayfield and an asset purchase in Ambernath in the 3rd quarter. The acquisition of Monga Strayfield is expected to add both turnover and profitability in the last quarter of the current year.
Key Highlights
- Improved performance in Q2 and H1 FY2025 compared to last year
- Secured many significant orders, fortifying the order book
- Expects significantly higher level of activity in the second half of the financial year
- In the process of integrating the acquisition of M.E Energy Ltd
- Set to close the next acquisition of Monga Strayfield and an asset purchase in Ambernath in the 3rd quarter
- Acquisition of Monga Strayfield expected to add both turnover and profitability in the last quarter of the current year