Financial Performance Highlights

Consolidated Q2FY27 Performance (vs Q2FY26):

  • Net Revenue from Operations: ₹12,767 Mn (up 24% from ₹10,277 Mn)
  • EBITDA: ₹1,432 Mn (up 16% from ₹1,235 Mn)
  • EBITDA Margin: 11.2% (vs 12.0%)
  • Profit Before Tax: ₹1,045 Mn (up 9% from ₹959 Mn)
  • Reported PAT: ₹747 Mn (up 4% from ₹722 Mn)
  • PAT Margin: 5.9% (vs 7.0%)
  • Earnings Per Share (EPS): ₹9.3 (vs ₹8.9)

Consolidated H1FY27 Performance (vs H1FY26):

  • Net Revenue from Operations: ₹23,816 Mn (up 19% from ₹20,067 Mn)
  • EBITDA: ₹2,738 Mn (up 9% from ₹2,511 Mn)
  • EBITDA Margin: 11.5% (vs 12.5%)
  • Profit Before Tax: ₹1,996 Mn (up 3% from ₹1,942 Mn)
  • Reported PAT: ₹1,423 Mn (up 2% from ₹1,397 Mn)
  • PAT Margin: 6.0% (vs 7.0%)
  • Earnings Per Share (EPS): ₹17.7 (vs ₹17.3)

Segment-wise Performance Q2FY27

Revenue Contribution:

  • KBL Standalone: ₹7,991 Mn (vs ₹6,505 Mn YoY)
  • KCPL: ₹199 Mn (vs ₹185 Mn YoY)
  • KPML: ₹2,389 Mn (vs ₹1,532 Mn YoY)
  • KBIBV: ₹4,420 Mn (vs ₹3,565 Mn YoY)
  • Elimination: -₹2,232 Mn (vs ₹1,511 Mn YoY)

EBITDA Margin by Entity:

  • KBL: 11.7% (vs 10.5% YoY)
  • KCPL: 19.5% (vs 24.6% YoY)
  • KPML: 10.5% (vs 12.1% YoY)
  • KBIBV: 5.3% (vs 9.0% YoY)

KBIBV Group International Performance Q2FY27

Revenue Breakdown:

  • SPP UK: ₹2,106 Mn (vs ₹1,511 Mn YoY)
  • SPP Inc (USA): ₹1,706 Mn (vs ₹1,396 Mn YoY)
  • Dutch Group: ₹145 Mn (vs ₹80 Mn YoY)
  • KBTL (Thailand+Singapore): ₹343 Mn (vs ₹423 Mn YoY)
  • SPP Mena: ₹5 Mn (vs ₹23 Mn YoY)
  • SA Group: ₹156 Mn (vs ₹154 Mn YoY)

EBITDA Performance:

  • SPP UK EBITDA: ₹12 Mn (0.6% margin vs ₹91 Mn, 6.0% YoY)
  • SPP Inc EBITDA: ₹199 Mn (11.7% margin vs ₹210 Mn, 15.1% YoY)
  • Dutch Group EBITDA: ₹0 Mn (vs -₹48 Mn YoY)
  • KBTL EBITDA: ₹36 Mn (10.5% margin vs ₹48 Mn, 11.5% YoY)

Order Book Position

Consolidated Order Book (Rs. Mn):

  • Q2FY27: ₹46,277 (Highest ever)
  • Q1FY27: ₹40,622
  • Q4FY26: ₹39,488
  • Q3FY26: ₹37,271
  • Q2FY26: ₹35,637

Orders Received Q2FY27:

  • Total: ₹20,472 Mn
  • KBL & Domestic Subsidiaries: ₹14,017 Mn
  • Overseas Subsidiaries: ₹6,455 Mn

Pending Orderbook by Entity Q2FY27:

  • KBL Standalone: ₹26,618 Mn (excludes small pump business)
  • Domestic Subsidiaries: ₹2,645 Mn
  • Overseas Subsidiaries: ₹17,013 Mn

Standalone Sectoral Orderbook Q2FY27:

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

Balance Sheet Position (as of September 30, 2026)

Assets:

  • Total Assets: ₹45,624 Mn (vs ₹44,069 Mn as of March 31, 2026)
  • Property, Plant and Equipment: ₹6,344 Mn
  • Capital work in progress: ₹545 Mn
  • Inventories: ₹10,283 Mn
  • Trade receivables: ₹6,610 Mn
  • Cash and Cash Equivalents: ₹3,974 Mn
  • Investments: ₹4,817 Mn (current) + ₹1,485 Mn (non-current)

Liabilities and Equity:

  • Total Equity: ₹25,820 Mn
  • Equity Share capital: ₹159 Mn
  • Borrowings: ₹532 Mn (non-current) + ₹1,595 Mn (current)
  • Trade Payables: ₹7,811 Mn (current) + ₹94 Mn (non-current)

Cash Flow Statement H1FY27:

  • Profit Before Taxes: ₹1,996 Mn
  • Changes in working capital: -₹1,838 Mn
  • Cash generated from operations: ₹158 Mn
  • Direct taxes paid: ₹738 Mn
  • Net Cash from Operating Activities: -₹580 Mn
  • Net Cash from Investing Activities: ₹1,017 Mn
  • Net Cash from Financing Activities: -₹473 Mn
  • Net Increase in cash: -₹36 Mn

Subsidiary Current Orderbooks:

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

Strategic Focus Areas:

1. Increase share of value-added products across geographies

2. Subscription services in key international subsidiaries

3. Monetize digital IP (20 patents awarded out of 30 applied)

4. Expand geographic presence leveraging international subsidiaries

5. Debottlenecking at key domestic subsidiaries

6. Cost optimization across subsidiaries

7. Reduced EPC business exposure (3% of revenue in FY26 vs 10% in FY20)

Digital Initiatives:

  • Salesforce (SFDC) and SAP-S4 HANA implementation
  • World's largest 3-D printer for foundries installed in 2013
  • Dolphin proprietary machine learning algorithm
  • Augmented Reality for training
  • IoT-based remote monitoring (KirloSmartTM 2.0 and 2.1)
  • Subscription platform for predictive maintenance

Manufacturing Presence:

  • 10 domestic facilities + 7 international facilities
  • Serving 6 continents & 120+ countries
  • Key plants: Kirloskarvadi (1910), Dewas (1962), Kaniyur (2011), Shirwal (2014)

Management Team:

  • Chairman & Managing Director: Mr. Sanjay Kirloskar
  • Director – KBL & MD – SPP UK: Mr. Alok Kirloskar
  • Joint Managing Director: Ms. Rama Kirloskar
  • CFO: Mr. Bhavesh Chheda

ESG Initiatives:

  • Climate action through emission reduction 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
  • Focus on education, healthcare, and environment through CSR