Financial Performance Highlights

Consolidated Q2FY27 Performance (Rs. Mn)

  • Net Revenue from Operations: Rs 12,767 (24% YoY growth from Q2FY26's Rs 10,277)
  • Gross Profit: Rs 6,287 (14% YoY growth) with Gross Margin of 49.2% (vs 53.6% in Q2FY26)
  • EBITDA: Rs 1,432 (16% YoY growth) with EBITDA Margin of 11.2% (vs 12.0% in Q2FY26)
  • Profit Before Tax: Rs 1,045 (9% YoY growth)
  • Reported PAT: Rs 747 (4% YoY growth) with PAT Margin of 5.9% (vs 7.0% in Q2FY26)
  • Earnings Per Share (EPS): Rs 9.3 (vs Rs 8.9 in Q2FY26)

Consolidated H1FY27 Performance (Rs. Mn)

  • Net Revenue from Operations: Rs 23,816 (19% YoY growth from H1FY26's Rs 20,067)
  • EBITDA: Rs 2,738 (9% YoY growth) with EBITDA Margin of 11.5% (vs 12.5% in H1FY26)
  • Profit Before Tax: Rs 1,996 (3% YoY growth)
  • Reported PAT: Rs 1,423 (2% YoY growth) with PAT Margin of 6.0% (vs 7.0% in H1FY26)
  • Earnings Per Share (EPS): Rs 17.7 (vs Rs 17.3 in H1FY26)

Segment-wise Performance

Q2FY27 Subsidiary Performance (Rs. Mn)

  • KBL Standalone: Revenue Rs 7,991, EBITDA Rs 937 (11.7% margin)
  • KCPL: Revenue Rs 199, EBITDA Rs 39 (19.5% margin)
  • KPML: Revenue Rs 2,389, EBITDA Rs 250 (10.5% margin)
  • KBIBV Group: Revenue Rs 4,420, EBITDA Rs 233 (5.3% margin)

KBIBV International Group Performance (Q2FY27)

  • SPP UK: Revenue Rs 2,106, EBITDA Rs 12 (0.6% margin)
  • SPP Inc (USA): Revenue Rs 1,706, EBITDA Rs 199 (11.7% margin)
  • Dutch Group: Revenue Rs 145, EBITDA Rs 0
  • KBTL (Thailand+Singapore): Revenue Rs 343, EBITDA Rs 36 (10.5% margin)
  • SPP Mena: Revenue Rs 5, EBITDA Rs -5
  • SA Group: Revenue Rs 156, EBITDA Rs 22 (14.2% margin)

Order Book Position

Consolidated Orderbook (Rs. Mn)

  • Q2FY27 Orders Received: Rs 20,472
  • Q2FY27 Pending Orderbook: Rs 46,277 (highest reported)
  • Domestic (KBL + Subsidiaries): Rs 29,264 pending orderbook
  • Overseas Subsidiaries: Rs 17,013 pending orderbook

Standalone Sectoral Orderbook (Rs. Mn)

  • Irrigation + Water Resource Mgmt.: Rs 10,410
  • Power: Rs 7,031
  • Oil & Gas: Rs 2,370
  • Marine & Defence: Rs 939
  • Industry: Rs 1,635
  • Building & Construction: Rs 2,353
  • Customer Support & ESD: Rs 1,375
  • Valves: Rs 506

Balance Sheet Position (as of September 30, 2026)

Assets (Rs. Mn)

  • Total Assets: Rs 45,624 (vs Rs 44,069 as of March 31, 2026)
  • Non-Current Assets: Rs 12,073
  • Property, Plant and Equipment: Rs 6,344
  • Investments: Rs 1,485
  • Right to use assets: Rs 795
  • Current Assets: Rs 33,551
  • Inventories: Rs 10,283
  • Trade receivables: Rs 6,610
  • Cash and Cash Equivalents: Rs 3,974
  • Investments: Rs 4,817

Liabilities and Equity (Rs. Mn)

  • Total Equity: Rs 25,820
  • Equity Share capital: Rs 159
  • Other Equity: Rs 25,529
  • Non-Controlling Interest: Rs 132
  • Non-Current Liabilities: Rs 2,171
  • Borrowings: Rs 532
  • Current Liabilities: Rs 17,633
  • Borrowings: Rs 1,595
  • Trade Payables: Rs 7,811
  • Other financial liabilities: Rs 2,148

Cash Flow Statement (H1FY27)

  • Net Cash from Operating Activities: Rs -580
  • Net Cash from Investing Activities: Rs 1,017
  • Net Cash from Financing Activities: Rs -473
  • Net Increase in cash and cash equivalents: Rs -36
  • Cash & Cash equivalents at period end: Rs 3,974

Business Overview

  • Established: 1888 (138+ years of operations)
  • Manufacturing Facilities: 10 domestic + 7 international facilities
  • Global Presence: Serves 6 continents & 120+ countries
  • Product Portfolio: 250+ product offerings across 20+ sectors
  • Employee Strength: 6,000+ employees

Subsidiary Current Orderbooks

  • SPP UK: £115 Mn (highest ever)
  • Dutch Entities: €8 Mn
  • KBTL Thailand: Thb 440 Mn (highest ever)
  • South Africa Entities: ZAR 36 Mn
  • KPML: Rs 2,091 Mn (excl. make to stock)
  • KEPL: Rs 4,152 Mn
  • Kirloskar Corrocoat: Rs 554 Mn

Strategic Initiatives

  • Focus on value-added products and subscription services
  • Monetization of 30 patents applied (20 patents awarded including 2 USA valid patents)
  • Geographic expansion through international subsidiaries
  • Debottlenecking and cost optimization across operations
  • Reduced EPC business exposure from 10% in FY20 to 3% in FY26
  • Digital initiatives including 3-D printing, IoT, AI, AR/VR, and proprietary machine learning algorithms

ESG Initiatives

  • CII GreenCo certification for manufacturing plants
  • CII GreenPro certification for products
  • 100% women-driven manufacturing plant at Kaniyur
  • 35% women workforce in Sanand factory
  • Carbon footprint studies and emission reduction initiatives
  • CSR focus on Education, Healthcare, and Environment through Vikas Charitable trust and Sou. Radhabai Trust

Management

  • Chairman & Managing Director: Mr. Sanjay Kirloskar
  • Director – KBL, MD – SPP UK, CEO – KBI B.V.: Mr. Alok Kirloskar
  • Joint Managing Director- KBL, MD – KEPL: Ms. Rama Kirloskar
  • Chief Financial Officer: Mr. Bhavesh Chheda