Kirloskar Pneumatic Company Q2 FY27 Results: Consolidated Net Profit ₹40.00 Crore on Total Income of ₹334 Crore

Summary

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.

Net profit fell 8.7% year on year to ₹40.00 crore, while total income fell 15.0% to ₹334.40 crore. Quarter on quarter, net profit rose 20.5% from ₹33.20 crore, faster than total income, which rose 7.5%.

Revenue from operations fell 15.6% to ₹326.30 crore, while other income rose 12.5% to ₹8.10 crore. Profit before tax of ₹50.50 crore includes an exceptional gain of ₹11.00 crore from the acquisition by Maharashtra State Infrastructure Development Corporation of 7,200 square metres of company-owned land at Nashik for the proposed Ring Road Project. Excluding that gain, profit before tax would be ₹39.50 crore, against ₹57.40 crore a year earlier.

Depreciation rose 19.2% to ₹9.30 crore, and finance costs were ₹0.00 crore against ₹0.50 crore a year earlier. Basic EPS was ₹3.08 against ₹3.35. The company sub-divided each ₹2 equity share into two ₹1 shares, with record date 18 Aug 2026, and EPS for all periods is computed on the new share count.

On 4 May 2026 the company acquired a further 44.74% of SCIPL for ₹12.55 crore, and SCIPL became a 100% subsidiary. On 3 Aug 2026 it acquired 99.49% of Kirloskar South East Asia Co Ltd for ₹4.95 crore, and that company became a subsidiary from the same date.

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.

Net profit fell 7.9% year on year to ₹39.80 crore, while total income fell 14.9% to ₹327.70 crore. Quarter on quarter, net profit rose 16.7% from ₹34.10 crore, faster than total income, which rose 6.3%.

Revenue from operations fell 15.4% to ₹319.70 crore, while other income rose 17.6% to ₹8.00 crore. Profit before tax of ₹50.60 crore includes the same ₹11.00 crore exceptional gain at Nashik. Excluding that gain, profit before tax would be ₹39.60 crore, against ₹57.00 crore a year earlier.

Depreciation rose 18.2% to ₹9.10 crore. Basic EPS was ₹3.07 against ₹3.33, on the post sub-division share count.

Inference

The filing says the board allotted 9,700 equity shares of ₹1 each to eligible employees under the KPCL Employee Stock Option Scheme 2019 on 27 Oct 2026, bringing the issued and paid-up capital to 12,99,69,580 equity shares of ₹1 each. In the half year ended 30 Sep 2026, 43,500 shares were allotted under the same scheme, and 33,500 of them were listed on 19 Oct 2026.

The standalone cash flow statement shows dividends paid, including dividend distribution tax, of ₹55.10 crore in the half year ended 30 Sep 2026. The filing does not explain the year-on-year fall in revenue from operations, and it gives no amount for the State Rules under the New Labour Codes, which the company says it will account for once they are notified.

Reference: Original filing (PDF)