KIRLOSENGKirloskar Oil Engines Ltd.
Kirloskar Oil Engines Q2 FY27 Results: Consolidated Net Profit ₹130 Crore on Total Income of ₹2,294 Crore
- Earnings
- engines and pumps manufacturing
Reviewed byRachit TripathiBlacklitt Research
Kirloskar Oil Engines (NSE: KIRLOSENG) reported consolidated total income of ₹2,294.17 crore and net profit of ₹130.31 crore for the quarter ended 30 Sep 2026, it said in a filing on 04 Nov 2026. Standalone total income was ₹1,748.72 crore and standalone net profit ₹115.17 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,294.17 crore, up 16.9% YoY and 13.9% QoQ
- Net profit: ₹130.31 crore, down 18.1% YoY and up 17.3% QoQ
- EPS: ₹9.04 basic for the quarter
- Finance costs: ₹121.19 crore, 5.3% of total income
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,748.72 crore, up 18.9% YoY and 18.0% QoQ
- Net profit: ₹115.17 crore, down 13.7% YoY and up 16.0% QoQ
- EPS: ₹7.92 basic for the quarter
- Depreciation: ₹42.86 crore, up 23.0% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,294.17 | 1,962.86 | +16.9% | 2,014.66 | +13.9% | |
| Revenue from operations | 2,284.03 | 1,950.63 | +17.1% | 1,999.71 | +14.2% |
| Other income | 10.14 | 12.23 | -17.1% | 14.95 | -32.2% |
| 130.31 | 159.19 | -18.1% | 111.06 | +17.3% | |
| Profit before tax | 175.47 | 216.30 | -18.9% | 151.07 | +16.2% |
| Finance costs | 121.19 | 135.98 | -10.9% | 115.96 | +4.5% |
| Tax expense | 45.16 | 57.11 | -20.9% | 40.01 | +12.9% |
| Net profit margin | 5.68% | 8.11% | -2.43 pp | 5.51% | +0.17 pp |
| EPS, basic (₹) | 9.04 | n/a | n/a | n/a | n/a |
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 net profit fell 18.1% year on year while total income rose 16.9%, so profit grew more slowly than income over the year. Against the previous quarter, the picture reverses: net profit rose 17.3%, faster than total income at 13.9%.
Finance costs of ₹121.19 crore are 5.3% of total income. The filing's notes say consolidated finance costs relate mainly to the Financial Services segment, which had ₹115.40 crore in the quarter. Other income of ₹10.14 crore is 5.8% of profit before tax of ₹175.47 crore.
Tax of ₹45.16 crore is 25.7% of profit before tax. Net profit margin was 5.68%, against 8.11% a year earlier and 5.51% in the previous quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,748.72 | 1,471.14 | +18.9% | 1,482.07 | +18.0% | |
| Revenue from operations | 1,738.95 | 1,459.50 | +19.1% | 1,471.30 | +18.2% |
| Other income | 9.77 | 11.64 | -16.1% | 10.77 | -9.3% |
| 115.17 | 133.50 | -13.7% | 99.31 | +16.0% | |
| Profit before tax | 154.51 | 178.04 | -13.2% | 133.74 | +15.5% |
| Finance costs | 3.49 | 2.76 | +26.4% | 2.09 | +67.0% |
| Depreciation | 42.86 | 34.84 | +23.0% | 40.42 | +6.0% |
| Tax expense | 39.34 | 44.54 | -11.7% | 34.43 | +14.3% |
| Net profit margin | 6.59% | 9.07% | -2.49 pp | 6.70% | -0.11 pp |
| EPS, basic (₹) | 7.92 | 9.19 | -13.8% | 6.83 | +16.0% |
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 profit before tax fell 13.2% year on year, against a 19.1% rise in revenue from operations. The filing's notes record an exceptional item of ₹29.68 crore for the year ended 31 Mar 2026 relating to the incremental impact of the New Labour Codes; that item is not in this quarter's figures.
Inference
The filing reports 1,86,280 equity shares allotted in the quarter on exercise of employee stock options under KOEL ESOP 2019, which took paid-up equity share capital to 14,55,66,224 shares of ₹2 each.
On 6 Aug 2026 Kirloskar Americas Corporation, a wholly owned subsidiary, acquired a 49% stake in Engines LPG, LLC for approximately USD 0.15 million, after which the company says it became a wholly owned step-down subsidiary. The reason for the acquisition and what it adds to the business are not stated in the filing.
The filing does not give the amount of net assets transferred to KOEL Fluid Dynamics, nor the reason for the difference between standalone and consolidated net profit.
Filed with BSE on . Reference: Original filing (PDF)
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