KIRLOSINDKirloskar Industries Ltd.
Kirloskar Industries Q2 FY27 Results: Consolidated Net Profit ₹105 Crore on Total Income of ₹2,098 Crore
- Earnings
- Holding company (investments, engineering)
Reviewed byRachit TripathiBlacklitt Research
Kirloskar Industries (NSE: KIRLOSIND) reported consolidated total income of ₹2,097.70 crore and net profit of ₹104.60 crore for the quarter ended 30 Sep 2026, it said in a filing on 06 Nov 2026. Standalone total income was ₹61.32 crore and standalone net profit was ₹40.61 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,097.70 crore, up 17.2% YoY and 16.6% QoQ
- Net profit: ₹104.60 crore, up 3.8% YoY and 32.8% QoQ
- EPS: Basic ₹48.92, against ₹49.84 a year earlier
- Finance costs: ₹34.21 crore, up 4.3% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹61.32 crore, up 11.8% YoY and 267.6% QoQ
- Net profit: ₹40.61 crore, up 4.4% YoY and 470.4% QoQ
- EPS: Basic ₹38.65, against ₹37.31 a year earlier
- Dividend paid: ₹13.66 crore in the half year ended 30 Sep 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,097.70 | 1,790.06 | +17.2% | 1,798.66 | +16.6% | |
| Revenue from operations | 2,075.02 | 1,781.94 | +16.4% | 1,779.15 | +16.6% |
| Other income | 22.68 | 8.12 | +179.3% | 19.51 | +16.2% |
| 104.60 | 100.73 | +3.8% | 78.75 | +32.8% | |
| Profit before tax | 158.47 | 144.80 | +9.4% | 104.97 | +51.0% |
| Finance costs | 34.21 | 32.80 | +4.3% | 29.67 | +15.3% |
| Depreciation | 71.68 | 67.70 | +5.9% | 70.37 | +1.9% |
| Tax expense | 53.51 | 44.73 | +19.6% | 25.77 | +107.6% |
| Net profit margin | 4.99% | 5.63% | -0.64 pp | 4.38% | +0.61 pp |
| EPS, basic (₹) | 48.92 | 49.84 | -1.8% | 32.48 | +50.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income rose 17.2% YoY, while net profit rose only 3.8%. Revenue from operations grew 16.4%, but other income, at ₹22.68 crore, was 14.3% of profit before tax of ₹158.47 crore, up from ₹8.12 crore a year earlier. Other income is 1.1% of total income this quarter.
Tax expense of ₹53.51 crore is 33.8% of profit before tax, up 19.6% from ₹44.73 crore a year earlier. Net profit grew more slowly than profit before tax, which rose 9.4%. Profit attributable to owners was ₹51.04 crore, against ₹52.58 crore a year earlier, while non-controlling interest accounts for the rest of the ₹104.60 crore.
Finance costs of ₹34.21 crore are 1.6% of total income. Consolidated net profit is 4.99% of total income, against 5.63% a year earlier.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 61.32 | 54.83 | +11.8% | 16.68 | +267.6% | |
| Revenue from operations | 56.65 | 50.05 | +13.2% | 11.33 | +400.0% |
| Other income | 4.67 | 4.78 | -2.3% | 5.35 | -12.7% |
| 40.61 | 38.88 | +4.4% | 7.12 | +470.4% | |
| Profit before tax | 53.84 | 51.79 | +4.0% | 9.82 | +448.3% |
| Finance costs | 0.21 | 0.25 | -16.0% | 0.21 | 0.0% |
| Depreciation | 0.47 | 0.69 | -31.9% | 0.46 | +2.2% |
| Tax expense | 13.23 | 12.91 | +2.5% | 2.70 | +390.0% |
| Net profit margin | 66.23% | 70.91% | -4.68 pp | 42.69% | +23.54 pp |
| EPS, basic (₹) | 38.65 | 37.31 | +3.6% | 6.77 | +470.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 11.8% YoY to ₹61.32 crore, with dividend income and other income making up most of it. Net profit rose 4.4% to ₹40.61 crore, slightly faster than profit before tax at 4.0%. Other income fell 2.3% to ₹4.67 crore.
Standalone tax expense of ₹13.23 crore is 24.6% of profit before tax of ₹53.84 crore. Finance costs were ₹0.21 crore, against ₹0.25 crore a year earlier. The company operates in a single reportable business segment in its standalone results.
The standalone results are much smaller than the consolidated ones: consolidated net profit of ₹104.60 crore is ₹63.99 crore higher than standalone net profit of ₹40.61 crore. The filing does not give the reason for this gap.
Inference
The filing reports that the Board re-appointed Ms. Aditi Chirmule as Executive Director for three years from 25 Jan 2027, subject to member approval, and approved a postal ballot to seek that approval. It also approved her re-appointment as Key Managerial Personnel from the same date.
Standalone paid-up equity share capital rose to ₹10.51 crore after the allotment of 5,312 shares under the ESARP 2019 scheme. Consolidated borrowings were ₹1,431.82 crore at 30 Sep 2026. The filing does not state the reason for the Executive Director re-appointment beyond its standard wording, or whether a dividend has been declared for the quarter.
Filed with BSE on . Reference: Original filing (PDF)
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